Venturi Wealth Management LLC Has $483,000 Stake in CSX Co. (NASDAQ:CSX)

Venturi Wealth Management LLC lifted its stake in shares of CSX Co. (NASDAQ:CSX) by 17.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,978 shares of the transportation company’s stock after buying an additional 2,233 shares during the quarter. Venturi Wealth Management LLC’s holdings in CSX were worth $483,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of CSX. Allspring Global Investments Holdings LLC grew its position in shares of CSX by 9.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 322,810 shares of the transportation company’s stock worth $11,147,000 after buying an additional 29,161 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of CSX by 13.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 114,523 shares of the transportation company’s stock worth $3,954,000 after buying an additional 13,523 shares during the period. Eastern Bank acquired a new stake in shares of CSX during the 3rd quarter worth approximately $1,761,000. Leo Wealth LLC grew its position in shares of CSX by 17.2% during the 3rd quarter. Leo Wealth LLC now owns 24,998 shares of the transportation company’s stock worth $863,000 after buying an additional 3,665 shares during the period. Finally, Community Trust & Investment Co. grew its position in shares of CSX by 7.7% during the 3rd quarter. Community Trust & Investment Co. now owns 29,454 shares of the transportation company’s stock worth $1,017,000 after buying an additional 2,100 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Stock Down 3.7 %

CSX stock opened at $32.41 on Thursday. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $62.50 billion, a PE ratio of 18.11, a PEG ratio of 1.97 and a beta of 1.23. CSX Co. has a twelve month low of $31.43 and a twelve month high of $40.12. The stock has a 50-day simple moving average of $32.67 and a two-hundred day simple moving average of $33.78.

CSX (NASDAQ:CSX) last posted its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. On average, equities analysts predict that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from CSX’s previous quarterly dividend of $0.12. CSX’s payout ratio is presently 29.05%.

Analyst Ratings Changes

Several analysts recently issued reports on CSX shares. JPMorgan Chase & Co. reduced their price target on shares of CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Royal Bank of Canada reduced their price target on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a research report on Friday, January 24th. Raymond James reissued an “outperform” rating and issued a $37.00 price target (down previously from $38.00) on shares of CSX in a research report on Friday, January 24th. Wells Fargo & Company reduced their price target on shares of CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Finally, Citigroup reduced their price target on shares of CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Six research 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 currently has a consensus rating of “Moderate Buy” and an average target price of $37.16.

About CSX

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.