Kintegral Advisory LLC Has $859,000 Stock Position in CSX Corporation (NASDAQ:CSX)

Kintegral Advisory LLC lessened its holdings in shares of CSX Corporation (NASDAQ:CSX - Free Report) by 32.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,177 shares of the transportation company's stock after selling 14,310 shares during the quarter. Kintegral Advisory LLC's holdings in CSX were worth $859,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. bought a new stake in CSX during the 4th quarter valued at $27,000. Rossby Financial LCC acquired a new position in shares of CSX in the 1st quarter worth $28,000. Accredited Wealth Management LLC purchased a new position in shares of CSX during the fourth quarter valued at $29,000. Fourth Dimension Wealth LLC purchased a new position in shares of CSX during the fourth quarter valued at $29,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in shares of CSX during the first quarter valued at $30,000. Institutional investors and hedge funds own 73.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wells Fargo & Company lowered their target price on CSX from $31.00 to $28.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Argus set a $32.00 target price on CSX in a research note on Friday, April 25th. Royal Bank Of Canada lowered their target price on CSX from $31.00 to $30.00 and set a "sector perform" rating on the stock in a research note on Thursday, April 17th. Evercore ISI lowered their target price on CSX from $35.00 to $33.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. Finally, Susquehanna reissued a "neutral" rating and set a $35.00 price objective on shares of CSX in a report on Tuesday, June 24th. Nine research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, CSX currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.14.

CSX Stock Performance

Shares of NASDAQ CSX traded down $0.18 during trading hours on Friday, hitting $33.43. 5,638,784 shares of the company's stock were exchanged, compared to its average volume of 13,318,513. The company's 50-day moving average price is $31.20 and its 200-day moving average price is $31.06. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.88 and a quick ratio of 0.75. The stock has a market capitalization of $62.80 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 2.94 and a beta of 1.23. CSX Corporation has a 1-year low of $26.22 and a 1-year high of $37.10.

CSX (NASDAQ:CSX - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.05). The company had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.53 billion. CSX had a net margin of 22.66% and a return on equity of 26.42%. On average, sell-side analysts expect that CSX Corporation will post 1.83 earnings per share for the current fiscal year.

CSX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a $0.13 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a yield of 1.56%. CSX's payout ratio is 31.14%.

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.