FAS Wealth Partners Inc. Makes New $203,000 Investment in CSX Co. (NASDAQ:CSX)

FAS Wealth Partners Inc. bought a new stake in CSX Co. (NASDAQ:CSXFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,858 shares of the transportation company’s stock, valued at approximately $203,000.

Several other large investors also recently modified their holdings of CSX. High Net Worth Advisory Group LLC lifted its stake in CSX by 1.7% in the fourth quarter. High Net Worth Advisory Group LLC now owns 17,704 shares of the transportation company’s stock valued at $614,000 after buying an additional 304 shares in the last quarter. Park Place Capital Corp lifted its stake in CSX by 12.1% in the third quarter. Park Place Capital Corp now owns 3,064 shares of the transportation company’s stock valued at $94,000 after buying an additional 330 shares in the last quarter. Astoria Portfolio Advisors LLC. lifted its stake in CSX by 2.4% in the third quarter. Astoria Portfolio Advisors LLC. now owns 14,672 shares of the transportation company’s stock valued at $434,000 after buying an additional 349 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in CSX by 2.0% in the third quarter. Parkside Financial Bank & Trust now owns 17,967 shares of the transportation company’s stock valued at $552,000 after buying an additional 352 shares in the last quarter. Finally, Hancock Whitney Corp lifted its stake in CSX by 0.3% in the first quarter. Hancock Whitney Corp now owns 102,289 shares of the transportation company’s stock valued at $3,063,000 after buying an additional 355 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CSX shares. Stifel Nicolaus cut their price target on shares of CSX from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, January 25th. TD Cowen boosted their price objective on shares of CSX from $32.00 to $36.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. BMO Capital Markets boosted their price objective on shares of CSX from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Raymond James boosted their price objective on shares of CSX from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 16th. Finally, Susquehanna boosted their price objective on shares of CSX from $42.00 to $44.00 and gave the stock a “positive” rating in a research report on Thursday, March 28th. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $36.88.

Read Our Latest Report on CSX

CSX Stock Performance

NASDAQ CSX opened at $36.51 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 0.91 and a debt-to-equity ratio of 1.48. The firm’s fifty day moving average price is $37.03 and its two-hundred day moving average price is $33.94. CSX Co. has a 1 year low of $29.03 and a 1 year high of $40.12. The firm has a market capitalization of $71.47 billion, a P/E ratio of 19.84, a price-to-earnings-growth ratio of 2.15 and a beta of 1.18.

CSX (NASDAQ:CSXGet Free Report) last posted its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.01. CSX had a net margin of 25.35% and a return on equity of 30.52%. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.63 billion. During the same period in the prior year, the firm posted $0.49 earnings per share. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. As a group, research analysts anticipate that CSX Co. will post 1.96 EPS for the current year.

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were issued a $0.12 dividend. This is an increase from CSX’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 1.31%. The ex-dividend date was Wednesday, February 28th. CSX’s payout ratio is currently 26.09%.

About CSX

(Free Report)

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.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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