CSX Co. (NASDAQ:CSX) Stock Position Lifted by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC boosted its stake in CSX Co. (NASDAQ:CSX) by 3.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,013 shares of the transportation company’s stock after buying an additional 934 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in CSX were worth $871,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Rehmann Capital Advisory Group increased its holdings in CSX by 1.3% in the third quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company’s stock worth $830,000 after buying an additional 306 shares during the last quarter. Joel Isaacson & Co. LLC raised its holdings in shares of CSX by 2.4% during the 4th quarter. Joel Isaacson & Co. LLC now owns 13,036 shares of the transportation company’s stock valued at $421,000 after purchasing an additional 310 shares in the last quarter. Patrick M Sweeney & Associates Inc. lifted its stake in shares of CSX by 1.0% in the 4th quarter. Patrick M Sweeney & Associates Inc. now owns 31,827 shares of the transportation company’s stock valued at $1,027,000 after purchasing an additional 313 shares during the last quarter. West Branch Capital LLC boosted its holdings in CSX by 3.3% in the fourth quarter. West Branch Capital LLC now owns 10,317 shares of the transportation company’s stock worth $333,000 after purchasing an additional 332 shares in the last quarter. Finally, Alhambra Investment Management LLC increased its position in CSX by 4.3% during the fourth quarter. Alhambra Investment Management LLC now owns 8,292 shares of the transportation company’s stock worth $268,000 after buying an additional 342 shares during the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on CSX. Deutsche Bank Aktiengesellschaft started coverage on CSX in a research note on Friday, March 7th. They set a “hold” rating and a $34.00 price target for the company. Jefferies Financial Group upgraded CSX from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Friday, January 10th. Benchmark restated a “buy” rating and issued a $38.00 price objective on shares of CSX in a research note on Monday, January 27th. Wells Fargo & Company lowered their target price on shares of CSX from $34.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 27th. Finally, Susquehanna cut their target price on shares of CSX from $39.00 to $37.00 and set a “positive” rating for the company in a research report on Thursday, March 27th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, CSX currently has an average rating of “Moderate Buy” and a consensus target price of $36.20.

CSX Stock Down 2.8 %

CSX opened at $27.21 on Friday. The company has a market capitalization of $51.28 billion, a P/E ratio of 15.20, a P/E/G ratio of 1.92 and a beta of 1.22. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. The firm’s fifty day moving average price is $31.32 and its two-hundred day moving average price is $33.03. CSX Co. has a fifty-two week low of $26.95 and a fifty-two week high of $37.10.

CSX (NASDAQ:CSX) last issued its earnings results 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, analysts anticipate that CSX Co. will post 1.83 EPS for the current year.

CSX Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.13 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.91%. CSX’s dividend payout ratio is presently 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.