Cetera Advisors LLC Grows Stake in CSX Co. (NASDAQ:CSX)

Cetera Advisors LLC increased its holdings in CSX Co. (NASDAQ:CSX) by 59.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,265 shares of the transportation company’s stock after purchasing an additional 40,201 shares during the period. Cetera Advisors LLC’s holdings in CSX were worth $4,013,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Ascent Group LLC grew its holdings in CSX by 559.7% during the 1st quarter. Ascent Group LLC now owns 58,779 shares of the transportation company’s stock valued at $2,179,000 after buying an additional 49,869 shares in the last quarter. International Assets Investment Management LLC increased its position in CSX by 3,241.9% in the fourth quarter. International Assets Investment Management LLC now owns 235,304 shares of the transportation company’s stock worth $8,158,000 after purchasing an additional 228,263 shares during the last quarter. PFG Advisors raised its stake in CSX by 2.1% during the first quarter. PFG Advisors now owns 18,880 shares of the transportation company’s stock valued at $700,000 after purchasing an additional 387 shares in the last quarter. Partners Group Holding AG lifted its position in CSX by 26.8% during the fourth quarter. Partners Group Holding AG now owns 704,544 shares of the transportation company’s stock valued at $24,427,000 after purchasing an additional 149,105 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of CSX by 5.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 723,344 shares of the transportation company’s stock worth $25,078,000 after buying an additional 34,730 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors.

CSX Stock Down 2.0 %

NASDAQ:CSX traded down $0.69 during midday trading on Friday, reaching $34.08. 13,305,920 shares of the stock traded hands, compared to its average volume of 10,860,391. The business has a 50-day moving average of $33.56 and a two-hundred day moving average of $35.04. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.00 and a current ratio of 1.15. CSX Co. has a 12-month low of $29.03 and a 12-month high of $40.12. The stock has a market capitalization of $66.62 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 1.89 and a beta of 1.20.

CSX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.48 annualized dividend and a yield of 1.41%. CSX’s dividend payout ratio (DPR) is 26.37%.

Wall Street Analysts Forecast Growth

CSX has been the subject of a number of analyst reports. Benchmark restated a “buy” rating and issued a $40.00 price target on shares of CSX in a research report on Thursday, April 18th. Sanford C. Bernstein lifted their price target on shares of CSX from $35.00 to $36.00 and gave the stock a “market perform” rating in a research note on Monday, July 8th. Stifel Nicolaus increased their price objective on shares of CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Royal Bank of Canada decreased their price target 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. Finally, UBS Group dropped their target price on shares of CSX from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $38.14.

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.