Sage Capital Advisors llc Buys 577 Shares of CSX Co. (NASDAQ:CSX)

Sage Capital Advisors llc increased its stake in CSX Co. (NASDAQ:CSXFree Report) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 111,642 shares of the transportation company’s stock after acquiring an additional 577 shares during the period. CSX comprises about 1.3% of Sage Capital Advisors llc’s holdings, making the stock its 26th largest holding. Sage Capital Advisors llc’s holdings in CSX were worth $3,871,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Value Partners Investments Inc. bought a new stake in shares of CSX in the 3rd quarter valued at about $1,172,000. Morgan Stanley lifted its stake in shares of CSX by 3.1% in the 3rd quarter. Morgan Stanley now owns 24,340,514 shares of the transportation company’s stock valued at $748,471,000 after acquiring an additional 739,411 shares during the last quarter. National Bank of Canada FI lifted its stake in shares of CSX by 142.9% in the 3rd quarter. National Bank of Canada FI now owns 3,278,601 shares of the transportation company’s stock valued at $100,147,000 after acquiring an additional 1,928,891 shares during the last quarter. EP Wealth Advisors LLC lifted its stake in shares of CSX by 414.8% in the 3rd quarter. EP Wealth Advisors LLC now owns 51,534 shares of the transportation company’s stock valued at $1,585,000 after acquiring an additional 41,524 shares during the last quarter. Finally, Homestead Advisers Corp lifted its stake in shares of CSX by 1.6% in the 3rd quarter. Homestead Advisers Corp now owns 2,399,536 shares of the transportation company’s stock valued at $73,786,000 after acquiring an additional 37,400 shares during the last quarter. Institutional investors own 72.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus lowered their target price on CSX from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, January 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $34.00 price target on shares of CSX in a research report on Thursday, January 25th. Benchmark reaffirmed a “buy” rating and set a $38.00 price target on shares of CSX in a research report on Thursday, January 25th. BMO Capital Markets upped their price target on CSX from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Finally, JPMorgan Chase & Co. lowered their price target on CSX from $40.00 to $39.00 and set an “overweight” rating for the company in a research report on Thursday, December 21st. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $36.24.

Get Our Latest Report on CSX

CSX Stock Down 0.2 %

CSX stock opened at $36.97 on Friday. CSX Co. has a twelve month low of $27.60 and a twelve month high of $40.12. The company has a quick ratio of 0.91, a current ratio of 1.05 and a debt-to-equity ratio of 1.48. The firm has a market cap of $72.43 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 2.19 and a beta of 1.18. The business has a 50 day moving average of $36.50 and a 200 day moving average of $33.40.

CSX (NASDAQ:CSXGet Free Report) last posted its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. CSX had a return on equity of 30.52% and a net margin of 25.35%. The company had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.63 billion. During the same quarter last year, the company earned $0.49 EPS. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. On average, research analysts forecast that CSX Co. will post 1.96 EPS for the current fiscal year.

CSX Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were issued a $0.12 dividend. This is a positive change from CSX’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.30%. CSX’s dividend payout ratio (DPR) is presently 26.09%.

About CSX

(Free Report)

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.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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