Fidelis Capital Partners LLC Has $1.08 Million Stock Position in CSX Co. (NASDAQ:CSX)

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

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its holdings in shares of CSX by 18.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 64,807,961 shares of the transportation company’s stock worth $2,246,893,000 after acquiring an additional 9,914,656 shares during the last quarter. Capital International Investors increased its position in CSX by 14.3% during the 4th quarter. Capital International Investors now owns 40,353,078 shares of the transportation company’s stock worth $1,399,104,000 after purchasing an additional 5,041,679 shares in the last quarter. Manning & Napier Advisors LLC bought a new position in CSX in the 2nd quarter valued at approximately $116,430,000. M&G Plc acquired a new stake in CSX in the first quarter valued at approximately $126,089,000. Finally, Wulff Hansen & CO. grew its stake in shares of CSX by 3,243.0% during the second 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 during the last quarter. Institutional investors own 73.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Stephens reiterated an “overweight” rating and issued a $42.00 price target on shares of CSX in a research note on Tuesday, August 6th. Bank of America downgraded CSX from a “buy” rating to a “neutral” rating and set a $37.00 target price for the company. in a research report on Monday, July 8th. JPMorgan Chase & Co. boosted their price target on CSX from $39.00 to $42.00 and gave the stock an “overweight” rating in a report on Tuesday, August 6th. Wells Fargo & Company started coverage on shares of CSX in a report on Friday, June 7th. They issued an “equal weight” rating and a $35.00 price objective for the company. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $36.00 target price on shares of CSX in a report on Tuesday, August 6th. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, CSX has a consensus rating of “Moderate Buy” and an average price target of $38.80.

CSX Trading Up 0.4 %

CSX opened at $34.93 on Monday. CSX Co. has a twelve month low of $29.03 and a twelve month high of $40.12. The company has a fifty day moving average of $34.02 and a 200-day moving average of $34.34. The stock has a market cap of $68.29 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 1.77 and a beta of 1.19. The company has a quick ratio of 1.01, a current ratio of 1.16 and a debt-to-equity ratio of 1.42.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Monday, August 5th. The transportation company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The firm 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 business’s revenue was up .0% compared to the same quarter last year. During the same period last year, the business posted $0.49 EPS. On average, sell-side analysts predict that CSX Co. will post 1.93 EPS for the current year.

CSX Dividend Announcement

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

About CSX

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.