Mindset Wealth Management LLC Increases Stock Position in CSX Co. (NASDAQ:CSX)

Mindset Wealth Management LLC raised its stake in shares of CSX Co. (NASDAQ:CSX) by 135.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,912 shares of the transportation company’s stock after acquiring an additional 8,000 shares during the quarter. Mindset Wealth Management LLC’s holdings in CSX were worth $449,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Avior Wealth Management LLC boosted its stake in CSX by 2.5% during the 3rd quarter. Avior Wealth Management LLC now owns 11,790 shares of the transportation company’s stock valued at $407,000 after acquiring an additional 293 shares during the last quarter. Rehmann Capital Advisory Group boosted its stake in CSX by 1.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company’s stock valued at $830,000 after acquiring an additional 306 shares during the last quarter. Associated Banc Corp boosted its stake in CSX by 0.6% during the 3rd quarter. Associated Banc Corp now owns 55,534 shares of the transportation company’s stock valued at $1,918,000 after acquiring an additional 310 shares during the last quarter. Joel Isaacson & Co. LLC boosted its stake in 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 acquiring an additional 310 shares during the last quarter. Finally, Patrick M Sweeney & Associates Inc. boosted its stake in CSX by 1.0% during 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 acquiring an additional 313 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CSX has been the topic of a number of research analyst reports. Susquehanna reduced their price objective on shares of CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Stephens restated an “overweight” rating and issued a $38.00 price target on shares of CSX in a research report on Friday, January 24th. Barclays reduced their price target 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. Wells Fargo & Company reduced their price target on shares of CSX from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Finally, Loop Capital downgraded shares of CSX from a “buy” rating to a “hold” rating and reduced their price target for the stock from $40.00 to $34.00 in a research report on Monday, February 3rd. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CSX presently has a consensus rating of “Moderate Buy” and an average target price of $37.00.

CSX Stock Performance

Shares of CSX opened at $29.98 on Friday. The firm’s 50 day moving average is $32.07 and its 200-day moving average is $33.39. The stock has a market capitalization of $56.80 billion, a P/E ratio of 16.75, a P/E/G ratio of 1.92 and a beta of 1.25. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. CSX Co. has a 12-month low of $28.98 and a 12-month high of $38.03.

CSX (NASDAQ:CSX) last announced 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 return on equity of 28.15% and a net margin of 23.95%. Equities research analysts anticipate that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.73%. This is a boost from CSX’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, February 28th. CSX’s dividend payout ratio (DPR) 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.