Partners Group Holding AG Has $42.06 Million Position in CSX Co. (NASDAQ:CSX)

Partners Group Holding AG boosted its position in shares of CSX Co. (NASDAQ:CSX) by 67.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,218,143 shares of the transportation company’s stock after purchasing an additional 490,945 shares during the quarter. CSX comprises 2.8% of Partners Group Holding AG’s holdings, making the stock its 14th biggest position. Partners Group Holding AG owned 0.06% of CSX worth $42,062,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Valley Wealth Managers Inc. grew its position in shares of CSX by 177.8% during the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after buying an additional 480 shares during the period. Itau Unibanco Holding S.A. bought a new position in CSX during the 2nd quarter worth approximately $26,000. MFA Wealth Advisors LLC acquired a new position in CSX during the second quarter valued at approximately $27,000. Fairscale Capital LLC bought a new stake in CSX in the second quarter valued at approximately $32,000. Finally, Morton Brown Family Wealth LLC acquired a new stake in CSX in the third quarter worth $31,000. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Stock Up 2.3 %

CSX stock opened at $36.62 on Tuesday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23. The company’s 50-day moving average is $34.53 and its 200-day moving average is $33.96. The firm has a market capitalization of $70.62 billion, a PE ratio of 19.69, a P/E/G ratio of 2.27 and a beta of 1.19. CSX Co. has a fifty-two week low of $31.65 and a fifty-two week high of $40.12.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.02). The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.68 billion. CSX had a net margin of 24.77% and a return on equity of 28.92%. CSX’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 EPS. Sell-side analysts anticipate that CSX Co. will post 1.84 earnings per share for the current year.

CSX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Friday, November 29th. CSX’s payout ratio is 25.81%.

Analyst Ratings Changes

CSX has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on CSX from $39.00 to $42.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. Evercore ISI lowered their target price on CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Barclays lifted their price target on CSX from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Citigroup upped their price objective on CSX from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, TD Cowen dropped their target price on CSX from $36.00 to $35.00 and set a “hold” 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 given a buy rating to the stock. Based on data from MarketBeat.com, CSX currently has an average rating of “Moderate Buy” and an average target price of $38.78.

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.