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

Partners Group Holding AG grew its position in CSX Co. (NASDAQ:CSX - Free Report) by 67.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,218,143 shares of the transportation company's stock after acquiring an additional 490,945 shares during the quarter. CSX accounts for about 2.8% of Partners Group Holding AG's holdings, making the stock its 14th largest position. Partners Group Holding AG owned 0.06% of CSX worth $42,062,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CSX. Valley Wealth Managers Inc. lifted 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 shares of CSX during the second quarter valued at $26,000. MFA Wealth Advisors LLC acquired a new stake in shares of CSX in the 2nd quarter valued at $27,000. Fairscale Capital LLC bought a new stake in shares of CSX in the 2nd quarter worth about $32,000. Finally, Morton Brown Family Wealth LLC acquired a new stake in shares of CSX during the 3rd quarter worth about $31,000. Institutional investors and hedge funds own 73.57% of the company's stock.

Wall Street Analyst Weigh In

CSX has been the subject of several research reports. Loop Capital lowered their price objective on shares of CSX from $43.00 to $42.00 and set a "buy" rating for the company in a research report on Thursday, October 17th. Wells Fargo & Company decreased their target price on CSX from $35.00 to $34.00 and set an "equal weight" rating for the company in a research note on Thursday, October 17th. Evercore ISI reduced their target price on shares of CSX from $38.00 to $37.00 and set an "outperform" rating for the company in a research note on Thursday, October 17th. Barclays lifted their target price on CSX from $40.00 to $41.00 and gave the company an "overweight" rating in a research report on Wednesday, November 13th. Finally, Stifel Nicolaus dropped their price objective on CSX from $39.00 to $37.00 and set a "buy" rating on the stock in a research note on Thursday, October 17th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $38.78.

CSX Price Performance

CSX stock traded up $0.07 during midday trading on Tuesday, reaching $36.69. 9,605,613 shares of the stock were exchanged, compared to its average volume of 11,691,422. The company has a fifty day moving average price of $34.53 and a 200 day moving average price of $33.96. CSX Co. has a 52 week low of $31.65 and a 52 week high of $40.12. The stock has a market capitalization of $70.75 billion, a PE ratio of 19.69, a P/E/G ratio of 2.27 and a beta of 1.19. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23.

CSX (NASDAQ:CSX - Get Free Report) last posted its earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.48 by ($0.02). The business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.68 billion. CSX had a return on equity of 28.92% and a net margin of 24.77%. The company's revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.42 earnings per share. As a group, analysts expect that CSX Co. will post 1.84 EPS for the current fiscal year.

CSX Dividend Announcement

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

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.