Lido Advisors LLC Purchases 1,027 Shares of CSX Co. (NASDAQ:CSX)

Lido Advisors LLC lifted its holdings in CSX Co. (NASDAQ:CSX) by 1.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 54,573 shares of the transportation company’s stock after purchasing an additional 1,027 shares during the period. Lido Advisors LLC’s holdings in CSX were worth $1,761,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Joel Isaacson & Co. LLC grew its position in shares of CSX by 2.4% during the 4th quarter. Joel Isaacson & Co. LLC now owns 13,036 shares of the transportation company’s stock valued at $421,000 after acquiring an additional 310 shares during the period. Patrick M Sweeney & Associates Inc. increased its position in CSX by 1.0% in the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 31,827 shares of the transportation company’s stock worth $1,027,000 after buying an additional 313 shares in the last quarter. West Branch Capital LLC raised its stake in shares of CSX by 3.3% in the fourth quarter. West Branch Capital LLC now owns 10,317 shares of the transportation company’s stock worth $333,000 after buying an additional 332 shares during the period. Alhambra Investment Management LLC lifted its position in shares of CSX by 4.3% during the 4th quarter. Alhambra Investment Management LLC now owns 8,292 shares of the transportation company’s stock valued at $268,000 after buying an additional 342 shares in the last quarter. Finally, Trust Point Inc. grew its stake in shares of CSX by 2.6% during the 4th quarter. Trust Point Inc. now owns 13,722 shares of the transportation company’s stock valued at $443,000 after acquiring an additional 344 shares during the period. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Price Performance

CSX stock opened at $28.11 on Friday. CSX Co. has a 52 week low of $26.22 and a 52 week high of $37.10. The firm has a market capitalization of $52.81 billion, a P/E ratio of 15.70, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23. The company has a fifty day simple moving average of $29.18 and a two-hundred day simple moving average of $32.10. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Wednesday, April 16th. The transportation company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). CSX had a net margin of 23.95% and a return on equity of 28.15%. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.53 billion. Analysts anticipate that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 annualized dividend and a dividend yield of 1.85%. This is an increase from CSX’s previous quarterly dividend of $0.12. CSX’s payout ratio is currently 31.14%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Robert W. Baird lowered their price target on shares of CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, January 24th. JPMorgan Chase & Co. lowered their target price on shares of CSX from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Loop Capital lowered CSX from a “buy” rating to a “hold” rating and cut their price target for the stock from $40.00 to $34.00 in a research note on Monday, February 3rd. Susquehanna lowered their price objective on CSX from $37.00 to $35.00 and set a “positive” rating on the stock in a research report on Thursday, April 17th. Finally, Citigroup cut their target price on CSX from $39.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, CSX currently has an average rating of “Moderate Buy” and a consensus target price of $33.86.

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.