CSX Corporation (NASDAQ:CSX) Shares Acquired by Factorial Partners LLC

Key Points

• Factorial Partners LLC increased its holdings in CSX Corporation by 17.1%, now owning a total of 116,500 shares valued at approximately $3,429,000.
• Institutional investors collectively hold 73.57% of CSX's stock, with several hedge funds recently boosting their stakes in the company during the fourth quarter.
• CSX Corporation reported an EPS of $0.44 for the last quarter, exceeding analyst estimates, and announced a $0.13 quarterly dividend with a yield of 1.5% to be paid in September.

Factorial Partners LLC raised its holdings in shares of CSX Corporation (NASDAQ:CSX - Free Report) by 17.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 116,500 shares of the transportation company's stock after buying an additional 17,000 shares during the quarter. CSX comprises about 2.1% of Factorial Partners LLC's holdings, making the stock its 21st largest position. Factorial Partners LLC's holdings in CSX were worth $3,429,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP boosted its holdings in shares of CSX by 14.7% in the 4th quarter. Wellington Management Group LLP now owns 117,579 shares of the transportation company's stock worth $3,794,000 after purchasing an additional 15,029 shares in the last quarter. CWA Asset Management Group LLC boosted its holdings in CSX by 15.1% during the 1st quarter. CWA Asset Management Group LLC now owns 12,514 shares of the transportation company's stock valued at $368,000 after acquiring an additional 1,642 shares during the period. Dynamic Advisor Solutions LLC boosted its holdings in CSX by 9.8% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 38,757 shares of the transportation company's stock valued at $1,141,000 after acquiring an additional 3,458 shares during the period. Farther Finance Advisors LLC boosted its holdings in CSX by 61.4% during the 1st quarter. Farther Finance Advisors LLC now owns 14,154 shares of the transportation company's stock valued at $418,000 after acquiring an additional 5,382 shares during the period. Finally, Cercano Management LLC purchased a new stake in CSX during the 4th quarter valued at about $4,869,000. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

CSX Stock Performance

CSX stock traded down $0.76 during trading on Thursday, reaching $35.25. The company had a trading volume of 14,529,707 shares, compared to its average volume of 21,311,464. CSX Corporation has a 52 week low of $26.22 and a 52 week high of $37.10. The firm's 50-day simple moving average is $33.49 and its 200 day simple moving average is $31.46. The firm has a market capitalization of $65.72 billion, a price-to-earnings ratio of 21.76, a price-to-earnings-growth ratio of 2.69 and a beta of 1.25. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.50.

CSX (NASDAQ:CSX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.02. The business had revenue of $3.57 billion for the quarter, compared to analysts' expectations of $3.57 billion. CSX had a return on equity of 25.48% and a net margin of 21.92%. The business's quarterly revenue was down 3.5% on a year-over-year basis. During the same period last year, the firm earned $0.49 earnings per share. Sell-side analysts forecast that CSX Corporation will post 1.83 earnings per share for the current fiscal year.

CSX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a $0.13 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.5%. CSX's payout ratio is presently 32.10%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Robert W. Baird upped their price target on CSX from $38.00 to $44.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Stifel Nicolaus decreased their target price on CSX from $37.00 to $34.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Baird R W raised CSX to a "strong-buy" rating in a research report on Tuesday, July 1st. UBS Group decreased their target price on CSX from $36.00 to $34.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Finally, Citigroup increased their target price on CSX from $36.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Seven investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, CSX presently has an average rating of "Moderate Buy" and an average target price of $37.00.

CSX Company 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.