HPM Partners LLC acquired a new stake in shares of CSX Co. (NASDAQ:CSX) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,264 shares of the transportation company’s stock, valued at approximately $208,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of CSX. Captrust Financial Advisors boosted its holdings in CSX by 10.7% in the 2nd quarter. Captrust Financial Advisors now owns 7,659 shares of the transportation company’s stock worth $488,000 after acquiring an additional 741 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in CSX by 0.8% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 96,848 shares of the transportation company’s stock worth $6,177,000 after acquiring an additional 748 shares during the period. Sumitomo Life Insurance Co. boosted its holdings in CSX by 4.1% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 19,295 shares of the transportation company’s stock worth $1,231,000 after acquiring an additional 768 shares during the period. CENTRAL TRUST Co boosted its holdings in CSX by 4.7% in the 2nd quarter. CENTRAL TRUST Co now owns 17,565 shares of the transportation company’s stock worth $1,120,000 after acquiring an additional 782 shares during the period. Finally, Wedbush Securities Inc. boosted its holdings in CSX by 5.8% in the 2nd quarter. Wedbush Securities Inc. now owns 15,218 shares of the transportation company’s stock worth $971,000 after acquiring an additional 833 shares during the period. 74.62% of the stock is owned by institutional investors.

Several equities analysts have recently commented on the company. Stifel Nicolaus increased their target price on CSX from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, July 18th. Raymond James increased their target price on CSX from $70.00 to $75.00 and gave the company a “$69.00” rating in a research note on Wednesday, July 18th. Scotiabank set a $72.00 target price on CSX and gave the company a “hold” rating in a research note on Wednesday, July 18th. BidaskClub raised CSX from a “hold” rating to a “buy” rating in a research report on Wednesday, August 15th. Finally, Cowen reissued a “$69.00” rating and set a $74.00 price target on shares of CSX in a research report on Wednesday, July 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $72.43.

Shares of NASDAQ:CSX traded up $1.43 on Friday, hitting $70.20. The company’s stock had a trading volume of 7,721,003 shares, compared to its average volume of 5,814,087. CSX Co. has a 12 month low of $48.26 and a 12 month high of $76.24. The stock has a market cap of $63.59 billion, a price-to-earnings ratio of 30.52, a PEG ratio of 1.54 and a beta of 1.24. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.48 and a current ratio of 1.66.

CSX (NASDAQ:CSX) last released its quarterly earnings results on Tuesday, July 17th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.15. CSX had a return on equity of 19.31% and a net margin of 53.27%. The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3 billion. During the same quarter in the prior year, the business posted $0.64 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, equities research analysts predict that CSX Co. will post 3.61 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, November 29th. This represents a $0.88 annualized dividend and a yield of 1.25%. CSX’s dividend payout ratio is currently 38.26%.

CSX Company Profile

CSX Corporation, together with its subsidiaries, provides rail-based transportation services in the United States and Canada. The company offers rail services, as well as transports intermodal containers and trailers. It transports agricultural and food products, fertilizers, chemicals, automotive, metals and equipment, minerals, and forest products; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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