CSX Co. (NASDAQ:CSX) Shares Bought by Sage Mountain Advisors LLC

Sage Mountain Advisors LLC raised its holdings in CSX Co. (NASDAQ:CSX) by 52.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,466 shares of the transportation company’s stock after buying an additional 3,590 shares during the period. Sage Mountain Advisors LLC’s holdings in CSX were worth $338,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vista Investment Partners II LLC acquired a new stake in CSX in the fourth quarter valued at $479,000. Johnson Investment Counsel Inc. raised its stake in CSX by 8.2% in the fourth quarter. Johnson Investment Counsel Inc. now owns 108,096 shares of the transportation company’s stock valued at $3,488,000 after buying an additional 8,177 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of CSX by 3.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 449,113 shares of the transportation company’s stock worth $14,493,000 after purchasing an additional 16,032 shares during the last quarter. FWG Holdings LLC grew its holdings in shares of CSX by 4.8% during the fourth quarter. FWG Holdings LLC now owns 13,402 shares of the transportation company’s stock worth $436,000 after purchasing an additional 614 shares during the last quarter. Finally, Isthmus Partners LLC purchased a new position in shares of CSX during the fourth quarter worth about $389,000. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Price Performance

Shares of CSX opened at $29.55 on Thursday. CSX Co. has a twelve month low of $29.29 and a twelve month high of $38.03. The stock’s 50 day moving average is $32.34 and its two-hundred day moving average is $33.55. The firm has a market capitalization of $55.99 billion, a PE ratio of 16.51, a P/E/G 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.

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 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%. Research analysts anticipate that CSX Co. will post 1.83 earnings per share for the current year.

CSX Increases Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.76%. This is an increase 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 (DPR) is presently 29.05%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Raymond James reaffirmed an “outperform” rating and set a $37.00 price objective (down previously from $38.00) on shares of CSX in a report on Friday, January 24th. Robert W. Baird dropped their price objective on CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, January 24th. Citigroup dropped their price objective on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Wells Fargo & Company dropped their price objective on CSX from $36.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on CSX in a report on Friday, March 7th. They set a “hold” rating and a $34.00 price objective on the stock. Seven 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.com, CSX has an average rating of “Moderate Buy” and an average target price 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.