Holistic Financial Partners Boosts Holdings in CSX Co. (NASDAQ:CSX)

Holistic Financial Partners grew its position in shares of CSX Co. (NASDAQ:CSX) by 9.7% in the third quarter, Holdings Channel reports. The firm owned 8,189 shares of the transportation company’s stock after purchasing an additional 724 shares during the period. Holistic Financial Partners’ holdings in CSX were worth $283,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CSX. Itau Unibanco Holding S.A. bought a new position in shares of CSX in the second quarter worth approximately $26,000. Valley Wealth Managers Inc. grew its position in CSX by 177.8% in the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after acquiring an additional 480 shares in the last quarter. MFA Wealth Advisors LLC purchased a new position in shares of CSX during the second quarter worth approximately $27,000. Morton Brown Family Wealth LLC purchased a new stake in shares of CSX in the 3rd quarter valued at $31,000. Finally, Fairscale Capital LLC bought a new position in shares of CSX during the 2nd quarter valued at $32,000. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CSX shares. BMO Capital Markets dropped their price objective on CSX from $40.00 to $39.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. TD Cowen reduced their price objective on shares of CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. Susquehanna decreased their price objective on shares of CSX from $42.00 to $40.00 and set a “positive” rating for the company in a report on Thursday, October 17th. JPMorgan Chase & Co. lifted their target price on shares of CSX from $39.00 to $42.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. Finally, Royal Bank of Canada decreased their price target on shares of CSX from $36.00 to $35.00 and set a “sector perform” rating for the company in a research note on Thursday, October 17th. Seven 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.com, CSX presently has an average rating of “Moderate Buy” and an average target price of $38.78.

CSX Stock Performance

Shares of CSX opened at $35.13 on Monday. CSX Co. has a 12 month low of $30.86 and a 12 month high of $40.12. The business’s fifty day simple moving average is $34.32 and its two-hundred day simple moving average is $33.90. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The company has a market cap of $67.75 billion, a price-to-earnings ratio of 18.89, a P/E/G ratio of 2.23 and a beta of 1.19.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). CSX had a net margin of 24.77% and a return on equity of 28.92%. The business had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.68 billion. During the same period last year, the business earned $0.42 earnings per share. The company’s quarterly revenue was up 1.3% on a year-over-year basis. Research analysts anticipate that CSX Co. will post 1.84 earnings per share for the current fiscal year.

CSX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.48 dividend on an annualized basis and a yield of 1.37%. CSX’s dividend payout ratio (DPR) is 25.81%.

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.