Isthmus Partners LLC Acquires Shares of 12,050 CSX Co. (NASDAQ:CSX)

Isthmus Partners LLC acquired a new stake in shares of CSX Co. (NASDAQ:CSX) during the fourth quarter, Holdings Channel reports. The fund acquired 12,050 shares of the transportation company’s stock, valued at approximately $389,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Valley Wealth Managers Inc. lifted its position in shares of CSX by 177.8% in the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after buying an additional 480 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of CSX in the 4th quarter worth about $31,000. Sierra Ocean LLC bought a new position in shares of CSX in the 4th quarter worth about $33,000. Addison Advisors LLC lifted 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 buying an additional 812 shares during the last quarter. Finally, Center for Financial Planning Inc. lifted 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 buying an additional 720 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors.

CSX Stock Down 2.0 %

CSX stock opened at $30.65 on Tuesday. The stock has a market cap of $58.07 billion, a price-to-earnings ratio of 17.12, a PEG ratio of 1.92 and a beta of 1.25. 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 company’s 50-day moving average price is $32.45 and its two-hundred day moving average price is $33.61. CSX Co. has a 52 week low of $30.55 and a 52 week high of $38.35.

CSX (NASDAQ:CSX) last released 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%. On average, analysts expect that CSX Co. will post 1.83 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 an increase from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Friday, February 28th. CSX’s payout ratio is presently 29.05%.

Analyst Ratings Changes

A number of research firms have recently issued reports on CSX. Jefferies Financial Group upgraded shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Friday, January 10th. Benchmark restated a “buy” rating and issued a $38.00 price target on shares of CSX in a research report on Monday, January 27th. Susquehanna cut their price objective on shares of CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Barclays cut their price objective on shares of CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Finally, Stephens reiterated an “overweight” rating and issued a $38.00 price objective on shares of CSX in a research report on Friday, January 24th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, CSX has an average rating of “Moderate Buy” and a consensus price target of $37.00.

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.