Family Legacy Inc. Purchases 375 Shares of CSX Co. (NASDAQ:CSX)

Family Legacy Inc. lifted its position in shares of CSX Co. (NASDAQ:CSX) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,009 shares of the transportation company’s stock after purchasing an additional 375 shares during the period. Family Legacy Inc.’s holdings in CSX were worth $2,190,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in CSX during the fourth quarter worth $31,000. Sierra Ocean LLC acquired a new stake in shares of CSX during the 4th quarter worth about $33,000. Center for Financial Planning Inc. lifted its stake 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 worth $35,000 after buying an additional 720 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of CSX by 216.2% during the 4th quarter. Meeder Asset Management Inc. now owns 1,091 shares of the transportation company’s stock worth $35,000 after buying an additional 746 shares during the period. Finally, Atala Financial Inc acquired a new position in CSX in the 4th quarter valued at about $36,000. 73.57% of the stock is owned by institutional investors.

Analyst Ratings Changes

CSX has been the subject of a number of research analyst reports. BMO Capital Markets reduced their price objective on CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, January 24th. Citigroup reduced their price target on CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Raymond James reiterated an “outperform” rating and set a $37.00 price objective (down previously from $38.00) on shares of CSX in a research report on Friday, January 24th. Barclays dropped their target price on CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Finally, Benchmark restated a “buy” rating and issued a $38.00 price target on shares of CSX in a research note on Monday, January 27th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.75.

CSX Stock Down 2.7 %

Shares of CSX opened at $29.11 on Monday. The firm has a 50 day simple moving average of $31.75 and a two-hundred day simple moving average of $33.20. 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 Co. has a one year low of $28.93 and a one year high of $37.10. The company has a market cap of $54.86 billion, a P/E ratio of 16.26, a P/E/G ratio of 1.92 and a beta of 1.25.

CSX (NASDAQ:CSX) last posted its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. Research analysts forecast that CSX Co. will post 1.83 EPS for the current fiscal 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 paid a $0.13 dividend. This is an increase from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend was Friday, February 28th. 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.