Revolve Wealth Partners LLC Has $472,000 Holdings in CSX Co. (NASDAQ:CSX)

Revolve Wealth Partners LLC boosted its stake in shares of CSX Co. (NASDAQ:CSX) by 8.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,042 shares of the transportation company’s stock after purchasing an additional 1,313 shares during the quarter. Revolve Wealth Partners LLC’s holdings in CSX were worth $472,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of CSX in the 4th quarter valued at $27,000. Accredited Wealth Management LLC acquired a new position in shares of CSX in the 4th quarter valued at $29,000. Fourth Dimension Wealth LLC acquired a new position in shares of CSX in the 4th quarter valued at $29,000. SBI Securities Co. Ltd. acquired a new position in shares of CSX in the 4th quarter valued at $31,000. Finally, Sierra Ocean LLC acquired a new position in shares of CSX in the 4th quarter valued at $33,000. 73.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CSX. Royal Bank of Canada dropped their price objective on shares of CSX from $31.00 to $30.00 and set a “sector perform” rating for the company in a research note on Thursday, April 17th. Jefferies Financial Group dropped their price objective on shares of CSX from $37.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. UBS Group dropped their price objective on shares of CSX from $36.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Citigroup dropped their target price on shares of CSX from $39.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Finally, Raymond James reiterated an “outperform” rating and set a $33.00 target price (down previously from $34.00) on shares of CSX in a research report on Thursday, April 17th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $33.95.

CSX Stock Up 1.5%

Shares of NASDAQ:CSX opened at $32.23 on Friday. CSX Co. has a 12 month low of $26.22 and a 12 month high of $37.10. The company’s 50-day moving average price is $29.28 and its two-hundred day moving average price is $31.37. 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 cap of $60.55 billion, a P/E ratio of 18.01, a P/E/G ratio of 1.92 and a beta of 1.24.

CSX (NASDAQ:CSX) last issued its quarterly earnings data 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 return on equity of 28.15% and a net margin of 23.95%. The company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.53 billion. As a group, research analysts forecast that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Friday, May 30th. CSX’s dividend payout ratio (DPR) is presently 31.14%.

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.