CSX Co. (NASDAQ:CSX) Stock Position Decreased by Avestar Capital LLC

Avestar Capital LLC lessened its holdings in shares of CSX Co. (NASDAQ:CSX) by 9.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,200 shares of the transportation company’s stock after selling 940 shares during the period. Avestar Capital LLC’s holdings in CSX were worth $297,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Valley Wealth Managers Inc. grew its position in CSX by 177.8% in the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after purchasing an additional 480 shares during the last quarter. Morton Brown Family Wealth LLC bought a new position in CSX in the 3rd quarter worth about $31,000. Addison Advisors LLC grew its position in CSX by 348.5% in the 3rd quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock worth $36,000 after purchasing an additional 812 shares during the last quarter. Fortitude Family Office LLC grew its position in CSX by 43.4% in the 3rd quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock worth $38,000 after purchasing an additional 336 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new position in CSX in the 4th quarter worth about $39,000. Institutional investors own 73.57% of the company’s stock.

Analysts Set New Price Targets

CSX has been the subject of several recent analyst reports. Citigroup decreased their target price on shares of CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Jefferies Financial Group raised shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research note on Friday, January 10th. Susquehanna reduced their price target on shares of CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Loop Capital lowered shares of CSX from a “buy” rating to a “hold” rating and reduced their price target for the stock from $40.00 to $34.00 in a research note on Monday, February 3rd. Finally, Barclays reduced their price target on shares of CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $37.16.

CSX Stock Performance

CSX opened at $33.37 on Friday. The firm has a market cap of $64.35 billion, a PE ratio of 18.64, a P/E/G ratio of 1.91 and a beta of 1.23. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. The business has a fifty day simple moving average of $32.74 and a 200-day simple moving average of $33.83. CSX Co. has a fifty-two week low of $31.43 and a fifty-two week high of $40.12.

CSX (NASDAQ:CSX) last issued its earnings results on Thursday, January 23rd. The transportation company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. As a group, equities analysts predict that CSX Co. will post 1.86 EPS for the current fiscal year.

CSX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Friday, February 28th. This is a boost from CSX’s previous quarterly dividend of $0.12. CSX’s dividend payout ratio (DPR) is 29.05%.

CSX 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 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.