Catalina Capital Group LLC Has $239,000 Stock Holdings in CSX Co. (NASDAQ:CSX)

Catalina Capital Group LLC raised its holdings in shares of CSX Co. (NASDAQ:CSX) by 12.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,925 shares of the transportation company’s stock after purchasing an additional 741 shares during the quarter. Catalina Capital Group LLC’s holdings in CSX were worth $239,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CSX. Price T Rowe Associates Inc. MD lifted its holdings in shares of CSX by 0.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 65,251,716 shares of the transportation company’s stock worth $2,418,883,000 after buying an additional 443,755 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of CSX by 6.6% in the second quarter. Bank of New York Mellon Corp now owns 17,133,857 shares of the transportation company’s stock worth $573,128,000 after purchasing an additional 1,060,204 shares during the period. Dimensional Fund Advisors LP increased its position in shares of CSX by 9.3% in the second quarter. Dimensional Fund Advisors LP now owns 12,421,862 shares of the transportation company’s stock worth $415,466,000 after purchasing an additional 1,060,617 shares during the period. Bank of Montreal Can increased its position in shares of CSX by 38.7% in the second quarter. Bank of Montreal Can now owns 6,749,827 shares of the transportation company’s stock worth $225,917,000 after purchasing an additional 1,884,998 shares during the period. Finally, Interval Partners LP increased its position in shares of CSX by 849.0% in the second quarter. Interval Partners LP now owns 5,118,751 shares of the transportation company’s stock worth $171,222,000 after purchasing an additional 4,579,344 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Stock Performance

NASDAQ:CSX opened at $36.88 on Thursday. The stock has a market cap of $71.12 billion, a P/E ratio of 19.83, a price-to-earnings-growth ratio of 2.10 and a beta of 1.19. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The stock’s 50-day moving average is $34.08 and its 200-day moving average is $33.80. CSX Co. has a 1-year low of $30.00 and a 1-year high of $40.12.

CSX (NASDAQ:CSX) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $3.68 billion. CSX had a return on equity of 28.92% and a net margin of 24.77%. CSX’s revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 earnings per share. Equities research analysts anticipate that CSX Co. will post 1.86 earnings per share for the current year.

CSX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Friday, November 29th. CSX’s dividend payout ratio is currently 25.81%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CSX shares. Loop Capital decreased their price target on CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. BMO Capital Markets decreased their price target on CSX from $40.00 to $39.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Evercore ISI decreased their price target on CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Stifel Nicolaus decreased their price target on CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Finally, Stephens decreased their price target on CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $38.61.

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.