Fidelis Capital Partners LLC Acquires 9,816 Shares of CSX Co. (NASDAQ:CSX)

Fidelis Capital Partners LLC grew its stake in CSX Co. (NASDAQ:CSX) by 44.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,139 shares of the transportation company’s stock after acquiring an additional 9,816 shares during the period. Fidelis Capital Partners LLC’s holdings in CSX were worth $1,081,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Financial Synergies Wealth Advisors Inc. bought a new stake in CSX during the first quarter worth $29,000. MFA Wealth Advisors LLC acquired a new position in shares of CSX during the 2nd quarter worth about $27,000. Valued Wealth Advisors LLC raised its holdings in shares of CSX by 172.7% in the 1st quarter. Valued Wealth Advisors LLC now owns 938 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 594 shares during the period. Burkett Financial Services LLC acquired a new stake in CSX in the 4th quarter valued at about $34,000. Finally, Tortoise Investment Management LLC bought a new position in CSX during the fourth quarter worth about $35,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

Wall Street Analyst Weigh In

CSX has been the topic of several research analyst reports. Stephens restated an “overweight” rating and issued a $42.00 price objective on shares of CSX in a research note on Tuesday, August 6th. Susquehanna raised their price target on CSX from $40.00 to $41.00 and gave the company a “positive” rating in a report on Wednesday, August 7th. Wells Fargo & Company assumed coverage on shares of CSX in a research report on Friday, June 7th. They set an “equal weight” rating and a $35.00 price objective for the company. Bank of America lowered shares of 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. Finally, Evercore ISI raised shares of CSX to a “strong-buy” rating in a report on Tuesday, August 6th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, CSX currently has an average 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 current ratio of 1.16, a quick ratio of 1.01 and a debt-to-equity ratio of 1.42. The company has a market cap of $68.29 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 1.77 and a beta of 1.19. The company has a 50 day moving average of $34.02 and a 200-day moving average of $34.34. CSX Co. has a 1-year low of $29.03 and a 1-year high of $40.12.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Monday, August 5th. The transportation company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.70 billion. CSX had a return on equity of 29.11% and a net margin of 24.52%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.49 EPS. On average, equities research analysts expect that CSX Co. will post 1.93 earnings per share for the current fiscal year.

CSX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $0.12 per share. 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 payout ratio 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.