Fifth Third Wealth Advisors LLC Has $720,000 Stock Holdings in CSX Co. (NASDAQ:CSX)

Fifth Third Wealth Advisors LLC lifted its stake in CSX Co. (NASDAQ:CSX) by 33.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,423 shares of the transportation company’s stock after acquiring an additional 4,822 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in CSX were worth $720,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. High Net Worth Advisory Group LLC raised its position in CSX by 1.7% in the 4th quarter. High Net Worth Advisory Group LLC now owns 17,704 shares of the transportation company’s stock valued at $614,000 after purchasing an additional 304 shares during the last quarter. Stratos Wealth Advisors LLC increased its stake in shares of CSX by 1.1% in the 4th quarter. Stratos Wealth Advisors LLC now owns 28,210 shares of the transportation company’s stock valued at $978,000 after buying an additional 304 shares during the period. Cornercap Investment Counsel Inc. increased its stake in shares of CSX by 0.3% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 120,244 shares of the transportation company’s stock valued at $4,169,000 after buying an additional 309 shares during the period. FCA Corp TX increased its stake in shares of CSX by 0.3% in the 4th quarter. FCA Corp TX now owns 115,572 shares of the transportation company’s stock valued at $4,007,000 after buying an additional 339 shares during the period. Finally, Castle Wealth Management LLC increased its stake in shares of CSX by 2.4% in the 4th quarter. Castle Wealth Management LLC now owns 15,413 shares of the transportation company’s stock valued at $534,000 after buying an additional 367 shares during the period. 73.57% of the stock is owned by institutional investors and hedge funds.

CSX Stock Up 0.1 %

CSX traded up $0.02 on Thursday, hitting $33.03. 14,252,710 shares of the company were exchanged, compared to its average volume of 11,959,551. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.00 and a current ratio of 1.15. The stock’s fifty day moving average is $33.51 and its 200-day moving average is $35.12. The company has a market cap of $64.57 billion, a PE ratio of 18.15, a PEG ratio of 1.69 and a beta of 1.19. CSX Co. has a 12 month low of $29.03 and a 12 month high of $40.12.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Wednesday, April 17th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.01. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.66 billion. CSX had a return on equity of 29.58% and a net margin of 24.75%. The business’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.48 earnings per share. Equities research analysts predict that CSX Co. will post 1.96 EPS for the current fiscal year.

CSX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.45%. The ex-dividend date was Friday, May 31st. CSX’s payout ratio is 26.37%.

Analysts Set New Price Targets

CSX has been the subject of several research reports. Royal Bank of Canada lowered their target price on CSX from $37.00 to $36.00 and set a “sector perform” rating for the company in a research note on Thursday, April 18th. Stifel Nicolaus lifted their price objective on CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Benchmark reaffirmed a “buy” rating and set a $40.00 price objective on shares of CSX in a research note on Thursday, April 18th. Bank of America decreased their price objective on CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Finally, Jefferies Financial Group decreased their price objective on CSX from $40.00 to $38.00 and set a “hold” rating for the company in a research note on Thursday, April 18th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, CSX has a consensus rating of “Moderate Buy” and an average target price of $37.59.

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.