9,010 Shares in CSX Co. (NASDAQ:CSX) Acquired by Investor s Fiduciary Advisor Network LLC

Investor s Fiduciary Advisor Network LLC purchased a new position in shares of CSX Co. (NASDAQ:CSX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,010 shares of the transportation company’s stock, valued at approximately $290,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of CSX in the 4th quarter valued at approximately $27,000. Accredited Wealth Management LLC bought a new stake in shares of CSX in the 4th quarter valued at approximately $29,000. SBI Securities Co. Ltd. bought a new stake in shares of CSX in the 4th quarter valued at approximately $31,000. Sierra Ocean LLC bought a new stake in shares of CSX in the 4th quarter valued at approximately $33,000. Finally, Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of CSX by 219.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,040 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 714 shares during the last quarter. 73.57% of the stock is owned by institutional investors and hedge funds.

CSX Price Performance

Shares of NASDAQ:CSX opened at $28.74 on Monday. The business has a 50 day moving average price of $28.78 and a 200 day moving average price of $31.84. CSX Co. has a twelve month low of $26.22 and a twelve month high of $37.10. The company has a market cap of $53.99 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 1.92 and a beta of 1.22. 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 earnings results on Wednesday, April 16th. The transportation company reported $0.34 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.53 billion. Research analysts predict that CSX Co. will post 1.83 earnings per share for the current year.

CSX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.13 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.81%. CSX’s dividend payout ratio is currently 31.14%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CSX shares. Bank of America lowered their price objective on CSX from $33.00 to $30.00 and set a “neutral” rating for the company in a research note on Thursday, April 17th. JPMorgan Chase & Co. lowered their price objective on CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Stifel Nicolaus lowered their price objective on CSX from $37.00 to $34.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Loop Capital lowered CSX from a “buy” rating to a “hold” rating and reduced their price target for the stock from $40.00 to $34.00 in a research report on Monday, February 3rd. Finally, Raymond James reiterated an “outperform” rating and set a $33.00 price target (down previously from $34.00) on shares of CSX in a research report on Thursday, April 17th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $33.86.

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.