CSX Co. (NASDAQ:CSX) Position Lifted by Interval Partners LP

Interval Partners LP grew its holdings in shares of CSX Co. (NASDAQ:CSX) by 849.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,118,751 shares of the transportation company’s stock after purchasing an additional 4,579,344 shares during the quarter. CSX makes up about 3.7% of Interval Partners LP’s investment portfolio, making the stock its biggest position. Interval Partners LP owned 0.26% of CSX worth $171,222,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Itau Unibanco Holding S.A. purchased a new position in shares of CSX in the 2nd quarter worth $26,000. MFA Wealth Advisors LLC purchased a new position in shares of CSX in the 2nd quarter worth $27,000. Financial Synergies Wealth Advisors Inc. purchased a new position in CSX in the first quarter valued at about $29,000. Fairscale Capital LLC purchased a new position in CSX in the second quarter valued at about $32,000. Finally, Strategic Financial Concepts LLC purchased a new position in CSX in the second quarter valued at about $33,000. 73.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the company. Benchmark reissued a “buy” rating and issued a $40.00 price objective on shares of CSX in a research report on Wednesday, August 7th. Wells Fargo & Company assumed coverage on CSX in a research report on Friday, June 7th. They issued an “equal weight” rating and a $35.00 price objective on the stock. Bank of America lowered CSX from a “buy” rating to a “neutral” rating and set a $37.00 price objective on the stock. in a research report on Monday, July 8th. JPMorgan Chase & Co. raised their price objective on CSX from $39.00 to $42.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. Finally, Stephens reissued an “overweight” rating and issued a $42.00 price objective on shares of CSX in a research report on Tuesday, August 6th. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.80.

CSX Stock Up 0.4 %

NASDAQ:CSX opened at $34.93 on Monday. The company has a market capitalization of $68.29 billion, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 1.77 and a beta of 1.19. CSX Co. has a one year low of $29.03 and a one year high of $40.12. The stock has a 50-day simple moving average of $34.02 and a 200 day simple moving average of $34.34. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.01 and a current ratio of 1.16.

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

CSX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.48 dividend on an annualized basis and a yield of 1.37%. CSX’s dividend payout ratio (DPR) is 26.37%.

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.