CSX Co. (NASDAQ:CSX) Shares Acquired by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC lifted its position in shares of CSX Co. (NASDAQ:CSX) by 13.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,005 shares of the transportation company’s stock after purchasing an additional 13,836 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in CSX were worth $3,808,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Diversified Trust Co lifted its position in shares of CSX by 180.7% during the 4th quarter. Diversified Trust Co now owns 72,197 shares of the transportation company’s stock valued at $2,330,000 after buying an additional 46,473 shares in the last quarter. Marshall Financial Group LLC purchased a new position in shares of CSX during the 4th quarter valued at approximately $1,084,000. Thrivent Financial for Lutherans lifted its position in shares of CSX by 0.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 3,374,499 shares of the transportation company’s stock valued at $116,521,000 after buying an additional 24,430 shares in the last quarter. Carnegie Investment Counsel lifted its position in shares of CSX by 1.4% during the 4th quarter. Carnegie Investment Counsel now owns 612,051 shares of the transportation company’s stock valued at $19,751,000 after buying an additional 8,474 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of CSX by 3.4% during the 3rd quarter. Principal Financial Group Inc. now owns 2,348,543 shares of the transportation company’s stock valued at $81,095,000 after buying an additional 77,488 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Wells Fargo & Company decreased their target price on CSX from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Stephens restated an “overweight” rating and issued a $38.00 price objective on shares of CSX in a report on Friday, January 24th. Loop Capital lowered CSX from a “buy” rating to a “hold” rating and decreased their price objective for the company from $40.00 to $34.00 in a report on Monday, February 3rd. Raymond James restated an “outperform” rating and issued a $37.00 price objective (down previously from $38.00) on shares of CSX in a report on Friday, January 24th. Finally, Benchmark restated a “buy” rating and issued a $38.00 price objective on shares of CSX in a report on Monday, January 27th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, CSX presently has an average rating of “Moderate Buy” and a consensus price target of $37.16.

CSX Stock Up 0.0 %

Shares of NASDAQ:CSX opened at $30.93 on Friday. The business has a 50-day moving average price of $32.50 and a 200 day moving average price of $33.64. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The company has a market capitalization of $59.65 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 1.92 and a beta of 1.23. CSX Co. has a 12-month low of $30.55 and a 12-month high of $38.46.

CSX (NASDAQ:CSX) last released its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share 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%. Sell-side analysts expect that CSX Co. will post 1.83 EPS for the current year.

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.68%. 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 presently 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.