CSX Co. (NASDAQ:CSX) Shares Acquired by Mystic Asset Management Inc.

Mystic Asset Management Inc. increased its holdings in shares of CSX Co. (NASDAQ:CSX) by 11.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,558 shares of the transportation company’s stock after purchasing an additional 2,550 shares during the quarter. Mystic Asset Management Inc.’s holdings in CSX were worth $792,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in CSX in the fourth quarter valued at about $31,000. Sierra Ocean LLC acquired a new stake in shares of CSX in the fourth quarter valued at about $33,000. Center for Financial Planning Inc. raised its holdings in shares of CSX by 205.7% during the 4th quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company’s stock valued at $35,000 after buying an additional 720 shares during the period. Atala Financial Inc acquired a new position in CSX during the 4th quarter worth approximately $36,000. Finally, Wingate Wealth Advisors Inc. purchased a new position in CSX in the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CSX shares. Royal Bank of Canada dropped their price objective on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research note on Friday, January 24th. Wells Fargo & Company dropped their price target on shares of CSX from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Loop Capital lowered shares of CSX from a “buy” rating to a “hold” rating and cut their price objective for the stock from $40.00 to $34.00 in a report on Monday, February 3rd. Citigroup lowered their target price on CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Finally, Robert W. Baird dropped their target price on CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $37.00.

CSX Stock Performance

CSX stock opened at $30.33 on Tuesday. The company has a market cap of $57.46 billion, a PE ratio of 16.94, a P/E/G ratio of 1.92 and a beta of 1.25. CSX Co. has a 12 month low of $28.98 and a 12 month high of $38.03. The company has a fifty day moving average price of $32.20 and a two-hundred day moving average price of $33.46. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23.

CSX (NASDAQ:CSX) last posted its quarterly 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 net margin of 23.95% and a return on equity of 28.15%. Research analysts expect that CSX Co. will post 1.83 earnings per share for the current year.

CSX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.71%. This is a boost from CSX’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, February 28th. CSX’s dividend payout ratio is presently 29.05%.

CSX Company 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.