CSX Co. (NASDAQ:CSX) Shares Acquired by Catalyst Financial Partners LLC

Catalyst Financial Partners LLC boosted its stake in shares of CSX Co. (NASDAQ:CSX) by 44.7% in the third quarter, HoldingsChannel reports. The firm owned 20,297 shares of the transportation company’s stock after purchasing an additional 6,266 shares during the quarter. Catalyst Financial Partners LLC’s holdings in CSX were worth $701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CSX. Interval Partners LP boosted its position in CSX by 849.0% during the 2nd quarter. Interval Partners LP now owns 5,118,751 shares of the transportation company’s stock worth $171,222,000 after acquiring an additional 4,579,344 shares during the period. Manning & Napier Advisors LLC bought a new stake in shares of CSX in the 2nd quarter worth $116,430,000. M&G Plc bought a new stake in shares of CSX in the 1st quarter worth $126,089,000. Assenagon Asset Management S.A. raised its stake in shares of CSX by 318.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,270,966 shares of the transportation company’s stock worth $112,946,000 after buying an additional 2,489,329 shares in the last quarter. Finally, Wulff Hansen & CO. raised its stake in shares of CSX by 3,243.0% in the 2nd quarter. Wulff Hansen & CO. now owns 2,192,246 shares of the transportation company’s stock worth $73,331,000 after buying an additional 2,126,668 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wells Fargo & Company dropped their price objective on CSX from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 17th. Stephens dropped their price objective on CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Stifel Nicolaus cut their target price on CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Citigroup began coverage on CSX in a research report on Wednesday, October 9th. They set a “buy” rating and a $42.00 target price on the stock. Finally, Susquehanna cut their target price on CSX from $42.00 to $40.00 and set a “positive” rating on the stock in a research report on Thursday, October 17th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.61.

CSX Stock Performance

Shares of NASDAQ CSX opened at $33.54 on Thursday. The business’s 50-day moving average price is $34.01 and its two-hundred day moving average price is $33.81. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.16 and a quick ratio of 1.01. CSX Co. has a one year low of $29.28 and a one year high of $40.12. The company has a market capitalization of $65.57 billion, a P/E ratio of 18.43, a price-to-earnings-growth ratio of 1.90 and a beta of 1.19.

CSX (NASDAQ:CSX) last issued its earnings results on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). CSX had a net margin of 24.52% and a return on equity of 29.11%. The firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.68 billion. During the same quarter last year, the firm earned $0.42 EPS. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. Analysts anticipate that CSX Co. will post 1.93 earnings per share for the current fiscal year.

CSX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, November 29th. This represents a $0.48 annualized dividend and a dividend yield of 1.43%. CSX’s dividend payout ratio (DPR) is presently 26.37%.

CSX Company 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.