J.W. Cole Advisors Inc. Purchases 7,912 Shares of CSX Co. (NASDAQ:CSX)

J.W. Cole Advisors Inc. boosted its position in shares of CSX Co. (NASDAQ:CSX) by 56.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,043 shares of the transportation company’s stock after purchasing an additional 7,912 shares during the period. J.W. Cole Advisors Inc.’s holdings in CSX were worth $764,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC acquired a new stake in CSX in the 4th quarter valued at about $27,000. Life Planning Partners Inc acquired a new stake in CSX in the 4th quarter valued at about $27,000. Turtle Creek Wealth Advisors LLC acquired a new stake in CSX in the 4th quarter valued at about $34,000. Venturi Wealth Management LLC increased its position in CSX by 228.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 995 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 692 shares in the last quarter. Finally, Avion Wealth increased its position in CSX by 450.5% in the 4th quarter. Avion Wealth now owns 1,002 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 820 shares in the last quarter. 73.57% of the stock is owned by institutional investors.

CSX Stock Up 0.8 %

Shares of NASDAQ CSX opened at $34.62 on Tuesday. The stock has a market cap of $67.68 billion, a P/E ratio of 19.02, a P/E/G ratio of 2.05 and a beta of 1.18. The firm has a 50 day moving average price of $36.83 and a 200 day moving average price of $34.43. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.00 and a current ratio of 1.15. CSX Co. has a 52-week low of $29.03 and a 52-week high of $40.12.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Wednesday, April 17th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. CSX had a net margin of 24.75% and a return on equity of 29.58%. The firm had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.66 billion. During the same quarter in the previous year, the company earned $0.48 earnings per share. The business’s revenue for the quarter was down .8% on a year-over-year basis. Analysts expect that CSX Co. will post 1.95 EPS for the current year.

CSX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.48 dividend on an annualized basis and a yield of 1.39%. This is a positive change from CSX’s previous quarterly dividend of $0.11. CSX’s payout ratio is presently 26.37%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CSX shares. Jefferies Financial Group lowered their price objective on shares of CSX from $40.00 to $38.00 and set a “hold” rating for the company in a research report on Thursday, April 18th. BMO Capital Markets raised their price objective on shares of CSX from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. StockNews.com cut shares of CSX from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Raymond James lifted their price target 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 lifted their price target 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. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.00.

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.