Stonebridge Financial Group LLC Makes New Investment in CSX Co. (NASDAQ:CSX)

Stonebridge Financial Group LLC purchased a new stake in shares of CSX Co. (NASDAQ:CSX) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,887 shares of the transportation company’s stock, valued at approximately $93,000.

A number of other large investors have also recently made changes to their positions in CSX. Exchange Traded Concepts LLC grew its position in CSX by 255.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 7,505 shares of the transportation company’s stock worth $259,000 after purchasing an additional 5,396 shares during the period. Creative Planning grew its holdings in shares of CSX by 2.2% in the third quarter. Creative Planning now owns 634,696 shares of the transportation company’s stock worth $21,916,000 after acquiring an additional 13,613 shares during the period. NBC Securities Inc. increased its position in CSX by 8.3% during the third quarter. NBC Securities Inc. now owns 7,323 shares of the transportation company’s stock valued at $252,000 after acquiring an additional 560 shares during the last quarter. Mason & Associates LLC lifted its holdings in CSX by 23.9% in the third quarter. Mason & Associates LLC now owns 15,121 shares of the transportation company’s stock valued at $522,000 after acquiring an additional 2,920 shares during the period. Finally, Jamison Private Wealth Management Inc. boosted its position in CSX by 33.7% in the third quarter. Jamison Private Wealth Management Inc. now owns 1,253 shares of the transportation company’s stock worth $43,000 after purchasing an additional 316 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Raymond James reiterated an “outperform” rating and issued a $37.00 price objective (down previously from $38.00) on shares of CSX in a research note on Friday, January 24th. Loop Capital downgraded shares of CSX from a “buy” rating to a “hold” rating and decreased their price target for the stock from $40.00 to $34.00 in a research report on Monday, February 3rd. Wells Fargo & Company cut their price objective 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. Benchmark reaffirmed a “buy” rating and issued a $38.00 target price on shares of CSX in a report on Monday, January 27th. Finally, Evercore ISI lowered their target price on CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, CSX presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.16.

CSX Stock Performance

Shares of NASDAQ CSX opened at $32.92 on Thursday. The firm’s fifty day moving average is $32.82 and its two-hundred day moving average is $33.84. CSX Co. has a 52-week low of $31.43 and a 52-week high of $40.12. The company has a market cap of $63.48 billion, a P/E ratio of 18.39, a P/E/G ratio of 1.91 and a beta of 1.23. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86.

CSX (NASDAQ:CSX) last posted its earnings results on Thursday, January 23rd. The transportation company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. As a group, analysts anticipate that CSX Co. will post 1.86 EPS for the current fiscal year.

CSX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.13 dividend. This is a positive change from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.58%. CSX’s dividend payout ratio (DPR) is 26.82%.

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.