Quadrant Private Wealth Management LLC Has $256,000 Holdings in CSX Co. (NASDAQ:CSX)

Quadrant Private Wealth Management LLC increased its stake in shares of CSX Co. (NASDAQ:CSX) by 9.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,941 shares of the transportation company’s stock after purchasing an additional 695 shares during the period. Quadrant Private Wealth Management LLC’s holdings in CSX were worth $256,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Valley Wealth Managers Inc. grew its stake in CSX by 177.8% in the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 480 shares during the period. Morton Brown Family Wealth LLC acquired a new position in CSX in the third quarter valued at about $31,000. Addison Advisors LLC grew its stake in CSX by 348.5% in the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock valued at $36,000 after acquiring an additional 812 shares during the period. Fortitude Family Office LLC grew its stake in CSX by 43.4% in the third quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 336 shares during the period. Finally, Wingate Wealth Advisors Inc. acquired a new position in CSX in the fourth quarter valued at about $39,000. 73.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CSX. Stephens reaffirmed an “overweight” rating and set a $38.00 price objective on shares of CSX in a research report on Friday, January 24th. JPMorgan Chase & Co. reduced their price objective on CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Jefferies Financial Group raised CSX from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Friday, January 10th. Royal Bank of Canada reduced their price objective on CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a research report on Friday, January 24th. Finally, Wells Fargo & Company reduced their price objective on CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $37.16.

CSX Price Performance

NASDAQ:CSX opened at $33.37 on Friday. 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 stock’s 50 day moving average price is $32.72 and its two-hundred day moving average price is $33.82. The firm has a market capitalization of $64.35 billion, a price-to-earnings ratio of 18.64, a P/E/G ratio of 1.91 and a beta of 1.23. CSX Co. has a 12-month low of $31.43 and a 12-month high of $40.12.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. On average, analysts anticipate that CSX Co. will post 1.86 earnings per share for the current year.

CSX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.56%. This is a positive change from CSX’s previous quarterly dividend of $0.12. CSX’s dividend payout ratio (DPR) is 26.82%.

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.