InterOcean Capital LLC grew its position in shares of CSX Co. (NASDAQ:CSX) by 13.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 192,092 shares of the transportation company’s stock after purchasing an additional 22,672 shares during the period. CSX makes up about 1.4% of InterOcean Capital LLC’s investment portfolio, making the stock its 26th largest position. InterOcean Capital LLC’s holdings in CSX were worth $12,252,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CSX. Mackay Shields LLC bought a new stake in shares of CSX in the first quarter worth $9,692,000. Victory Capital Management Inc. increased its stake in shares of CSX by 19.0% in the first quarter. Victory Capital Management Inc. now owns 376,721 shares of the transportation company’s stock worth $20,988,000 after buying an additional 60,046 shares during the last quarter. Quantitative Systematic Strategies LLC bought a new stake in shares of CSX in the first quarter worth $1,453,000. Suffolk Capital Management LLC bought a new stake in shares of CSX in the first quarter worth $13,751,000. Finally, Eaton Vance Management increased its stake in shares of CSX by 3.6% in the first quarter. Eaton Vance Management now owns 5,298,524 shares of the transportation company’s stock worth $295,180,000 after buying an additional 185,534 shares during the last quarter. Institutional investors own 74.59% of the company’s stock.

CSX has been the subject of a number of research analyst reports. Royal Bank of Canada lifted their price target on shares of CSX from $71.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 18th. Scotiabank set a $72.00 price target on shares of CSX and gave the stock a “hold” rating in a research note on Wednesday, July 18th. TD Securities lifted their price target on shares of CSX from $68.00 to $71.00 and gave the stock a “$69.00” rating in a research note on Wednesday, July 18th. Stifel Nicolaus lifted their price target on shares of CSX from $74.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, July 18th. Finally, Morgan Stanley lifted their price target on shares of CSX from $49.00 to $52.00 and gave the stock a “sell” rating in a research note on Wednesday, July 18th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company. CSX presently has an average rating of “Buy” and an average target price of $69.45.

CSX stock opened at $74.06 on Friday. The firm has a market capitalization of $63.81 billion, a price-to-earnings ratio of 32.20, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.66 and a quick ratio of 1.48. CSX Co. has a 12 month low of $48.26 and a 12 month high of $76.24.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Tuesday, July 17th. The transportation company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.15. CSX had a net margin of 53.27% and a return on equity of 19.31%. The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3 billion. During the same quarter in the previous year, the company posted $0.64 earnings per share. The firm’s revenue was up 5.8% on a year-over-year basis. analysts anticipate that CSX Co. will post 3.59 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Friday, August 31st will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Thursday, August 30th. CSX’s dividend payout ratio (DPR) is 38.26%.

About CSX

CSX Corporation, together with its subsidiaries, provides rail-based transportation services in the United States and Canada. The company offers rail services, as well as transports intermodal containers and trailers. It transports agricultural and food products, fertilizers, chemicals, automotive, metals and equipment, minerals, and forest products; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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