FourThought Financial Partners LLC Has $3.05 Million Stock Holdings in CSX Co. (NASDAQ:CSX)

FourThought Financial Partners LLC raised its holdings in shares of CSX Co. (NASDAQ:CSX) by 2.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,506 shares of the transportation company’s stock after purchasing an additional 1,951 shares during the quarter. FourThought Financial Partners LLC’s holdings in CSX were worth $3,050,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Valley Wealth Managers Inc. lifted its holdings in shares of CSX by 177.8% during the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after buying an additional 480 shares in the last quarter. Morton Brown Family Wealth LLC bought a new position in shares of CSX in the third quarter worth $31,000. Sierra Ocean LLC bought a new position in shares of CSX in the fourth quarter worth $33,000. Center for Financial Planning Inc. increased its position in shares of CSX by 205.7% in the fourth 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 during the period. Finally, Addison Advisors LLC increased its position in shares of CSX by 348.5% in the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock worth $36,000 after purchasing an additional 812 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CSX shares. JPMorgan Chase & Co. decreased their price target on CSX from $38.00 to $37.00 and set an “overweight” 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 decreased their price target for the stock from $40.00 to $34.00 in a research report on Monday, February 3rd. Barclays decreased their target price on CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Wells Fargo & Company decreased their target price 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, BMO Capital Markets decreased their target price on CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, CSX currently has a consensus rating of “Moderate Buy” and an average target price of $37.16.

CSX Price Performance

CSX stock opened at $31.81 on Tuesday. 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 Co. has a 52-week low of $31.43 and a 52-week high of $38.70. The stock’s 50 day moving average price is $32.61 and its two-hundred day moving average price is $33.75. The stock has a market capitalization of $61.34 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 1.92 and a beta of 1.23.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing the consensus estimate 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 predict that CSX Co. will post 1.83 earnings per share for the current year.

CSX Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Friday, February 28th. This is a positive change from CSX’s previous quarterly dividend of $0.12. CSX’s payout ratio is 29.05%.

CSX 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.