151,871 Shares in CSX Co. (NASDAQ:CSX) Bought by Hantz Financial Services Inc.

Hantz Financial Services Inc. bought a new stake in CSX Co. (NASDAQ:CSX) in the second quarter, HoldingsChannel reports. The fund bought 151,871 shares of the transportation company’s stock, valued at approximately $5,080,000.

Several other large investors also recently modified their holdings of CSX. MFA Wealth Advisors LLC acquired a new position in shares of CSX in the 2nd quarter valued at approximately $27,000. Financial Synergies Wealth Advisors Inc. bought a new position in CSX in the first quarter valued at approximately $29,000. Burkett Financial Services LLC acquired a new position in shares of CSX in the fourth quarter valued at approximately $34,000. Tortoise Investment Management LLC bought a new stake in shares of CSX during the fourth quarter worth $35,000. Finally, Valued Wealth Advisors LLC raised its holdings in shares of CSX by 172.7% during the first quarter. Valued Wealth Advisors LLC now owns 938 shares of the transportation company’s stock worth $35,000 after acquiring an additional 594 shares during the period. 73.57% of the stock is currently owned by institutional investors.

CSX Stock Performance

Shares of CSX opened at $34.27 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.15 and a quick ratio of 1.00. The firm has a 50-day moving average of $33.80 and a 200-day moving average of $34.76. The company has a market cap of $67.00 billion, a PE ratio of 18.83, a price-to-earnings-growth ratio of 1.89 and a beta of 1.20. CSX Co. has a one year low of $29.03 and a one year high of $40.12.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Monday, August 5th. The transportation company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.70 billion. CSX had a return on equity of 29.58% and a net margin of 24.75%. The business’s revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 earnings per share. As a group, equities analysts forecast that CSX Co. will post 1.94 earnings per share for the current year.

CSX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Friday, August 30th. CSX’s dividend payout ratio (DPR) is presently 26.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Benchmark reaffirmed a “buy” rating and issued a $40.00 target price on shares of CSX in a research note on Wednesday, August 7th. Bank of America downgraded CSX from a “buy” rating to a “neutral” rating and set a $37.00 price objective for the company. in a report on Monday, July 8th. JPMorgan Chase & Co. lifted their target price on CSX from $39.00 to $42.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. BMO Capital Markets reaffirmed an “outperform” rating and set a $40.00 price target on shares of CSX in a research report on Tuesday, August 6th. Finally, Evercore ISI upgraded shares of CSX to a “strong-buy” rating in a report on Tuesday, August 6th. Seven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $38.80.

About CSX

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.