Intellectus Partners LLC Purchases 11,462 Shares of CSX Co. (NASDAQ:CSX)

Intellectus Partners LLC lifted its holdings in CSX Co. (NASDAQ:CSX) by 36.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 43,234 shares of the transportation company’s stock after purchasing an additional 11,462 shares during the period. Intellectus Partners LLC’s holdings in CSX were worth $1,493,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CSX. Interval Partners LP grew its stake in shares of CSX by 849.0% during the 2nd quarter. Interval Partners LP now owns 5,118,751 shares of the transportation company’s stock valued at $171,222,000 after acquiring an additional 4,579,344 shares during the period. Manning & Napier Advisors LLC purchased a new stake in CSX in the 2nd quarter worth $116,430,000. M&G Plc bought a new stake in CSX during the first quarter valued at about $126,089,000. Assenagon Asset Management S.A. lifted its position in shares of CSX by 318.5% in the third quarter. Assenagon Asset Management S.A. now owns 3,270,966 shares of the transportation company’s stock valued at $112,946,000 after acquiring an additional 2,489,329 shares in the last quarter. Finally, Wulff Hansen & CO. lifted its holdings in 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 purchasing an additional 2,126,668 shares in the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Trading Down 2.3 %

CSX stock opened at $35.63 on Friday. CSX Co. has a 12 month low of $30.86 and a 12 month high of $40.12. The firm’s 50-day moving average is $34.26 and its 200 day moving average is $33.87. The company has a market capitalization of $68.71 billion, a PE ratio of 19.16, a P/E/G ratio of 2.32 and a beta of 1.19. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23.

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). The company had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.68 billion. CSX had a return on equity of 28.92% and a net margin of 24.77%. The business’s revenue was up 1.3% compared to the same quarter last year. During the same period last year, the business posted $0.42 earnings per share. On average, research analysts anticipate that CSX Co. will post 1.84 EPS for the current year.

CSX Announces Dividend

The company 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 1.35%. CSX’s dividend payout ratio is currently 25.81%.

Analyst Upgrades and Downgrades

CSX has been the topic of a number of research reports. Stephens reduced their price target on shares of CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Benchmark reaffirmed a “buy” rating and issued a $40.00 price objective on shares of CSX in a research note on Wednesday, August 7th. Citigroup increased their target price on CSX from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday. Wells Fargo & Company reduced their price target on shares of CSX from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 17th. Finally, BMO Capital Markets lowered their price objective on shares of CSX from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, CSX has a consensus rating of “Moderate Buy” and a consensus price target of $38.78.

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.