CSX Co. (NASDAQ:CSX) Shares Purchased by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC raised its position in CSX Co. (NASDAQ:CSX) by 9.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 32,657 shares of the transportation company’s stock after purchasing an additional 2,860 shares during the period. Daymark Wealth Partners LLC’s holdings in CSX were worth $1,092,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CSX. Banque Cantonale Vaudoise raised its position in shares of CSX by 149.1% during the 2nd quarter. Banque Cantonale Vaudoise now owns 17,208 shares of the transportation company’s stock worth $575,000 after purchasing an additional 10,301 shares during the last quarter. Ascent Group LLC lifted its position in shares of CSX by 559.7% in the first quarter. Ascent Group LLC now owns 58,779 shares of the transportation company’s stock valued at $2,179,000 after acquiring an additional 49,869 shares in the last quarter. PFG Advisors boosted its stake in shares of CSX by 2.1% during the first quarter. PFG Advisors now owns 18,880 shares of the transportation company’s stock valued at $700,000 after acquiring an additional 387 shares during the last quarter. Partners Group Holding AG increased its position in CSX by 26.8% during the 4th quarter. Partners Group Holding AG now owns 704,544 shares of the transportation company’s stock worth $24,427,000 after purchasing an additional 149,105 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado raised its stake in CSX by 718.9% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 287,062 shares of the transportation company’s stock valued at $9,952,000 after purchasing an additional 252,006 shares during the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Price Performance

CSX stock opened at $34.53 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.16 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $67.50 billion, a P/E ratio of 18.97, a PEG ratio of 1.91 and a beta of 1.19. The firm has a fifty day moving average of $33.92 and a 200-day moving average of $34.25. CSX Co. has a 52-week low of $29.03 and a 52-week high of $40.12.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Monday, August 5th. The transportation company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. CSX had a return on equity of 29.11% and a net margin of 24.52%. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same period last year, the company posted $0.49 earnings per share. The firm’s revenue was up .0% compared to the same quarter last year. As a group, analysts predict that CSX Co. will post 1.93 EPS for the current year.

CSX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend was Friday, August 30th. CSX’s dividend payout ratio (DPR) is presently 26.37%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CSX shares. Benchmark reiterated a “buy” rating and set a $40.00 price target on shares of CSX in a report on Wednesday, August 7th. BMO Capital Markets reiterated an “outperform” rating and issued a $40.00 price target on shares of CSX in a report on Tuesday, August 6th. JPMorgan Chase & Co. raised their price objective on CSX from $39.00 to $42.00 and gave the stock an “overweight” rating in a report on Tuesday, August 6th. Wells Fargo & Company initiated coverage on CSX in a research note on Friday, June 7th. They issued an “equal weight” rating and a $35.00 target price for the company. Finally, Bank of America lowered CSX from a “buy” rating to a “neutral” rating and set a $37.00 price target on the stock. in a research note on Monday, July 8th. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, CSX currently has an average rating of “Moderate Buy” and an average price target of $38.93.

CSX Profile

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.