Telemus Capital LLC Has $2.23 Million Stock Holdings in CSX Co. (NASDAQ:CSX)

Telemus Capital LLC trimmed its holdings in shares of CSX Co. (NASDAQ:CSX) by 1.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,300 shares of the transportation company’s stock after selling 941 shares during the period. Telemus Capital LLC’s holdings in CSX were worth $2,227,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CSX. ICA Group Wealth Management LLC lifted its stake in CSX by 7.2% in the 1st quarter. ICA Group Wealth Management LLC now owns 5,306 shares of the transportation company’s stock valued at $159,000 after purchasing an additional 356 shares during the last quarter. Czech National Bank lifted its stake in CSX by 0.6% in the 1st quarter. Czech National Bank now owns 247,675 shares of the transportation company’s stock valued at $7,415,000 after purchasing an additional 1,586 shares during the last quarter. TrueWealth Advisors LLC acquired a new stake in CSX in the 1st quarter valued at about $289,000. Point72 Asset Management L.P. lifted its stake in CSX by 3.9% in the 4th quarter. Point72 Asset Management L.P. now owns 4,994,715 shares of the transportation company’s stock valued at $154,736,000 after purchasing an additional 186,588 shares during the last quarter. Finally, Toroso Investments LLC lifted its stake in CSX by 13.2% in the 1st quarter. Toroso Investments LLC now owns 123,632 shares of the transportation company’s stock valued at $3,702,000 after purchasing an additional 14,416 shares during the last quarter. 72.76% of the stock is currently owned by institutional investors and hedge funds.

CSX Price Performance

Shares of CSX opened at $30.85 on Friday. CSX Co. has a 1 year low of $25.80 and a 1 year high of $34.38. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.42 and a quick ratio of 1.21. The company has a market capitalization of $61.90 billion, a price-to-earnings ratio of 15.58, a price-to-earnings-growth ratio of 2.63 and a beta of 1.22. The business has a 50-day moving average of $31.65 and a 200-day moving average of $31.37.

CSX (NASDAQ:CSX) last released its earnings results on Thursday, July 20th. The transportation company reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. CSX had a return on equity of 32.82% and a net margin of 27.36%. The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter last year, the firm posted $0.50 earnings per share. The firm’s revenue was down 3.1% on a year-over-year basis. As a group, equities research analysts anticipate that CSX Co. will post 1.9 earnings per share for the current year.

CSX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were paid a dividend of $0.11 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.44 annualized dividend and a yield of 1.43%. CSX’s dividend payout ratio is currently 22.22%.

Analyst Upgrades and Downgrades

CSX has been the subject of several research reports. Stephens restated an “overweight” rating and set a $39.00 price objective on shares of CSX in a research report on Friday, July 21st. BMO Capital Markets reaffirmed an “outperform” rating and set a $37.00 target price on shares of CSX in a report on Friday, July 21st. Bank of America raised shares of CSX from a “neutral” rating to a “buy” rating and raised their target price for the stock from $34.00 to $36.00 in a report on Friday, September 8th. Stifel Nicolaus raised their target price on shares of CSX from $37.00 to $38.00 in a report on Monday, July 17th. Finally, JPMorgan Chase & Co. raised their target price on shares of CSX from $35.00 to $37.00 and gave the stock a “neutral” rating in a report on Friday, July 21st. Nine research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $35.43.

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 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.