Calamos Wealth Management LLC Boosts Stock Holdings in CSX Co. (NASDAQ:CSX)

Calamos Wealth Management LLC grew its position in CSX Co. (NASDAQ:CSX) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 379,382 shares of the transportation company’s stock after acquiring an additional 5,420 shares during the quarter. Calamos Wealth Management LLC’s holdings in CSX were worth $12,690,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CSX. Ascent Group LLC boosted its holdings in shares of CSX by 559.7% during the 1st quarter. Ascent Group LLC now owns 58,779 shares of the transportation company’s stock worth $2,179,000 after purchasing an additional 49,869 shares during the last quarter. PFG Advisors grew its holdings in CSX by 2.1% in the 1st quarter. PFG Advisors now owns 18,880 shares of the transportation company’s stock valued at $700,000 after buying an additional 387 shares in the last quarter. Partners Group Holding AG increased its stake in shares of CSX by 26.8% in the 4th quarter. Partners Group Holding AG now owns 704,544 shares of the transportation company’s stock worth $24,427,000 after acquiring an additional 149,105 shares during the last quarter. Public Employees Retirement Association of Colorado raised its holdings in shares of CSX by 718.9% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 287,062 shares of the transportation company’s stock worth $9,952,000 after acquiring an additional 252,006 shares during the period. Finally, Sei Investments Co. boosted its position in shares of CSX by 4.2% during the 1st quarter. Sei Investments Co. now owns 597,426 shares of the transportation company’s stock valued at $22,146,000 after acquiring an additional 23,938 shares during the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CSX shares. Sanford C. Bernstein raised their price objective on shares of CSX from $35.00 to $36.00 and gave the stock a “market perform” rating in a research report on Monday, July 8th. BMO Capital Markets restated an “outperform” rating and set a $40.00 price target on shares of CSX in a report on Tuesday, August 6th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $36.00 price objective on shares of CSX in a report on Tuesday, August 6th. Bank of America cut CSX from a “buy” rating to a “neutral” rating and set a $37.00 target price for the company. in a research note on Monday, July 8th. Finally, Wells Fargo & Company began coverage on CSX in a research note on Friday, June 7th. They issued an “equal weight” rating and a $35.00 price target on the stock. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $38.80.

CSX Stock Up 1.4 %

Shares of NASDAQ:CSX traded up $0.46 during trading on Friday, hitting $33.69. The company’s stock had a trading volume of 10,397,905 shares, compared to its average volume of 11,735,369. The company has a market capitalization of $65.86 billion, a PE ratio of 18.51, a P/E/G ratio of 1.89 and a beta of 1.20. The business has a 50 day moving average price of $33.73 and a two-hundred day moving average price of $34.85. CSX Co. has a fifty-two week low of $29.03 and a fifty-two week high of $40.12. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.00 and a current ratio of 1.15.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Monday, August 5th. The transportation company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. CSX had a return on equity of 29.58% and a net margin of 24.75%. The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.70 billion. During the same quarter last year, the business posted $0.49 EPS. The business’s quarterly revenue was up .0% compared to the same quarter last year. As a group, research analysts expect that CSX Co. will post 1.94 EPS for the current fiscal year.

CSX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Friday, August 30th. CSX’s dividend payout ratio is presently 26.37%.

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.