Hemington Wealth Management Increases Stock Holdings in CSX Co. (NASDAQ:CSX)

Hemington Wealth Management grew its holdings in shares of CSX Co. (NASDAQ:CSX) by 14.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,865 shares of the transportation company’s stock after purchasing an additional 365 shares during the quarter. Hemington Wealth Management’s holdings in CSX were worth $92,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Exchange Traded Concepts LLC raised its stake in shares of CSX by 255.9% in the third quarter. Exchange Traded Concepts LLC now owns 7,505 shares of the transportation company’s stock worth $259,000 after buying an additional 5,396 shares during the period. Creative Planning raised its stake in CSX by 2.2% during the 3rd quarter. Creative Planning now owns 634,696 shares of the transportation company’s stock worth $21,916,000 after acquiring an additional 13,613 shares during the period. NBC Securities Inc. lifted its holdings in CSX by 8.3% during the third quarter. NBC Securities Inc. now owns 7,323 shares of the transportation company’s stock valued at $252,000 after purchasing an additional 560 shares in the last quarter. Mason & Associates LLC boosted its position in shares of CSX by 23.9% in the third quarter. Mason & Associates LLC now owns 15,121 shares of the transportation company’s stock worth $522,000 after purchasing an additional 2,920 shares during the period. Finally, Jamison Private Wealth Management Inc. raised its position in shares of CSX by 33.7% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 1,253 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 316 shares during the period. Institutional investors own 73.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on CSX. Wells Fargo & Company decreased their price target on CSX from $36.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Citigroup decreased their target price on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Robert W. Baird dropped their price target on CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, January 24th. Raymond James reiterated an “outperform” rating and set a $37.00 price objective (down previously from $38.00) on shares of CSX in a research report on Friday, January 24th. Finally, Stifel Nicolaus dropped their target price on shares of CSX from $39.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, CSX has a consensus rating of “Moderate Buy” and a consensus target price of $37.16.

CSX Price Performance

CSX opened at $32.92 on Thursday. The stock has a market cap of $63.48 billion, a P/E ratio of 18.39, a PEG ratio of 1.91 and a beta of 1.23. CSX Co. has a 52-week low of $31.43 and a 52-week high of $40.12. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. The business has a fifty day moving average of $32.82 and a 200 day moving average of $33.84.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) 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%. As a group, sell-side analysts anticipate that CSX Co. will post 1.86 EPS for the current year.

CSX Increases Dividend

The company also recently declared 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 a positive change from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.58%. CSX’s payout ratio is presently 26.82%.

About CSX

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.