CSX Co. (NASDAQ:CSX) Shares Acquired by Kintegral Advisory LLC

Kintegral Advisory LLC boosted its position in CSX Co. (NASDAQ:CSX) by 3.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 46,110 shares of the transportation company’s stock after purchasing an additional 1,594 shares during the quarter. Kintegral Advisory LLC’s holdings in CSX were worth $1,542,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Western Wealth Management LLC increased its holdings in CSX by 0.8% in the second quarter. Western Wealth Management LLC now owns 36,127 shares of the transportation company’s stock worth $1,208,000 after buying an additional 295 shares during the last quarter. TriaGen Wealth Management LLC increased its stake in shares of CSX by 2.7% during the 2nd quarter. TriaGen Wealth Management LLC now owns 11,524 shares of the transportation company’s stock worth $385,000 after purchasing an additional 300 shares during the last quarter. Miracle Mile Advisors LLC raised its holdings in shares of CSX by 0.3% during the 1st quarter. Miracle Mile Advisors LLC now owns 103,563 shares of the transportation company’s stock valued at $3,839,000 after purchasing an additional 303 shares in the last quarter. Team Hewins LLC lifted its stake in shares of CSX by 1.7% in the 1st quarter. Team Hewins LLC now owns 18,778 shares of the transportation company’s stock valued at $696,000 after purchasing an additional 306 shares during the last quarter. Finally, FCA Corp TX boosted its holdings in CSX by 0.3% in the fourth quarter. FCA Corp TX now owns 115,572 shares of the transportation company’s stock worth $4,007,000 after purchasing an additional 339 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CSX. Bank of America downgraded CSX from a “buy” rating to a “neutral” rating and set a $37.00 price objective on the stock. in a research note on Monday, July 8th. Sanford C. Bernstein boosted their price objective on shares of CSX from $35.00 to $36.00 and gave the stock a “market perform” rating in a research note on Monday, July 8th. BMO Capital Markets reiterated an “outperform” rating and issued a $40.00 target price on shares of CSX in a research note on Tuesday, August 6th. Stephens reissued an “overweight” rating and set a $42.00 target price on shares of CSX in a research report on Tuesday, August 6th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $36.00 price objective on shares of CSX in a research note on Tuesday, August 6th. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, CSX has a consensus rating of “Moderate Buy” and an average target price of $38.80.

CSX Price Performance

NASDAQ:CSX opened at $33.72 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.15 and a debt-to-equity ratio of 1.42. The firm has a market cap of $65.92 billion, a PE ratio of 18.53, a price-to-earnings-growth ratio of 1.89 and a beta of 1.20. CSX Co. has a 12 month low of $29.03 and a 12 month high of $40.12. The company’s 50-day moving average price is $33.76 and its two-hundred day moving average price is $34.79.

CSX (NASDAQ:CSX) last announced its earnings results on Monday, August 5th. The transportation company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. CSX had a return on equity of 29.58% and a net margin of 24.75%. The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.70 billion. During the same period in the previous year, the business earned $0.49 EPS. CSX’s revenue was up .0% compared to the same quarter last year. On average, equities analysts anticipate that CSX Co. will post 1.94 EPS for the current fiscal year.

CSX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Friday, August 30th. CSX’s dividend payout ratio is presently 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.