Private Advisor Group LLC Acquires 52,714 Shares of CSX Co. (NASDAQ:CSX)

Private Advisor Group LLC raised its position in shares of CSX Co. (NASDAQ:CSX) by 45.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 167,552 shares of the transportation company’s stock after acquiring an additional 52,714 shares during the quarter. Private Advisor Group LLC’s holdings in CSX were worth $5,407,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Valley Wealth Managers Inc. boosted its position in CSX by 177.8% during the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 480 shares in the last quarter. Morton Brown Family Wealth LLC bought a new stake in CSX during the 3rd quarter valued at approximately $31,000. Sierra Ocean LLC bought a new stake in CSX during the 4th quarter valued at approximately $33,000. Addison Advisors LLC boosted its position in shares of CSX by 348.5% in the 3rd quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock worth $36,000 after purchasing an additional 812 shares in the last quarter. Finally, Center for Financial Planning Inc. boosted its position in shares of CSX by 205.7% in the 4th quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company’s stock worth $35,000 after purchasing an additional 720 shares in the last quarter. 73.57% of the stock is owned by institutional investors.

CSX Price Performance

Shares of CSX opened at $32.30 on Friday. The firm has a market cap of $62.29 billion, a PE ratio of 18.04, a P/E/G ratio of 1.92 and a beta of 1.23. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The firm has a fifty day simple moving average of $32.63 and a two-hundred day simple moving average of $33.77. CSX Co. has a 1-year low of $31.43 and a 1-year high of $40.12.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) 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 anticipate that CSX Co. will post 1.83 EPS for the current year.

CSX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.61%. This is a boost from CSX’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, February 28th. CSX’s dividend payout ratio is currently 26.82%.

Wall Street Analysts Forecast Growth

CSX has been the topic of a number of analyst reports. Barclays dropped their price target on CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Citigroup dropped their price target on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Loop Capital cut CSX from a “buy” rating to a “hold” rating and dropped their price target for the stock from $40.00 to $34.00 in a research report on Monday, February 3rd. Wells Fargo & Company dropped their price target on CSX from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Finally, Royal Bank of Canada dropped their price target on CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research report on Friday, January 24th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $37.16.

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.