Cardan Capital Partners LLC increased its position in CSX Corp. (NASDAQ:CSX) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,592 shares of the company’s stock after buying an additional 157 shares during the period. Cardan Capital Partners LLC’s holdings in CSX Corp. were worth $2,467,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of CSX. Smith Moore & CO. increased its stake in shares of CSX Corp. by 0.3% in the first quarter. Smith Moore & CO. now owns 12,897 shares of the company’s stock worth $332,000 after buying an additional 41 shares in the last quarter. Mariner Wealth Advisors LLC increased its stake in shares of CSX Corp. by 1.1% in the first quarter. Mariner Wealth Advisors LLC now owns 9,242 shares of the company’s stock worth $238,000 after buying an additional 105 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of CSX Corp. by 1.1% in the second quarter. Fisher Asset Management LLC now owns 10,304 shares of the company’s stock worth $275,000 after buying an additional 112 shares in the last quarter. Conning Inc. increased its stake in shares of CSX Corp. by 0.9% in the second quarter. Conning Inc. now owns 23,833 shares of the company’s stock worth $622,000 after buying an additional 220 shares in the last quarter. Finally, Charter Trust Co. increased its stake in shares of CSX Corp. by 0.4% in the second quarter. Charter Trust Co. now owns 57,781 shares of the company’s stock worth $1,506,000 after buying an additional 230 shares in the last quarter. 68.55% of the stock is currently owned by institutional investors and hedge funds.
Shares of CSX Corp. (NASDAQ:CSX) traded up 0.24% during trading on Monday, reaching $29.71. 6,884,047 shares of the company traded hands. The firm’s 50 day moving average is $28.57 and its 200-day moving average is $27.00. The stock has a market capitalization of $28.11 billion, a P/E ratio of 16.22 and a beta of 1.32. CSX Corp. has a 12-month low of $21.33 and a 12-month high of $30.53.
CSX Corp. (NASDAQ:CSX) last issued its quarterly earnings data on Wednesday, July 13th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.44 by $0.03. The firm earned $2.70 billion during the quarter, compared to the consensus estimate of $2.69 billion. CSX Corp. had a net margin of 16.07% and a return on equity of 15.24%. The company’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.56 earnings per share. On average, equities research analysts anticipate that CSX Corp. will post $1.75 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Monday, August 29th. CSX Corp.’s dividend payout ratio (DPR) is 39.13%.
CSX has been the subject of several recent analyst reports. Cowen and Company upped their target price on CSX Corp. from $27.00 to $30.00 and gave the stock a “market perform” rating in a research note on Friday, July 15th. Oppenheimer Holdings Inc. restated a “hold” rating on shares of CSX Corp. in a research note on Sunday, July 17th. Stifel Nicolaus cut CSX Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, July 14th. They noted that the move was a valuation call. JPMorgan Chase & Co. reiterated a “buy” rating on shares of CSX Corp. in a research note on Friday, July 15th. Finally, BB&T Corp. cut CSX Corp. from a “buy” rating to a “hold” rating in a research note on Friday, July 15th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $29.54.
About CSX Corp.
CSX Corporation, together with its subsidiaries, is a transportation company. The Company provides rail-based transportation services, including rail service and the transport of intermodal containers and trailers. The Company serves three lines of business, such as merchandise business, coal business and intermodal business.
Want to see what other hedge funds are holding CSX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CSX Corp. (NASDAQ:CSX).
Receive News & Ratings for CSX Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSX Corp. and related companies with MarketBeat.com's FREE daily email newsletter.