8,210 Shares in CSX Co. (NASDAQ:CSX) Acquired by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC acquired a new position in CSX Co. (NASDAQ:CSXFree Report) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 8,210 shares of the transportation company’s stock, valued at approximately $285,000.

Other institutional investors have also recently bought and sold shares of the company. Fortitude Family Office LLC acquired a new stake in CSX during the 4th quarter worth $27,000. Life Planning Partners Inc acquired a new stake in CSX during the 4th quarter worth $27,000. Fortis Capital Advisors LLC acquired a new stake in CSX during the 4th quarter worth $27,000. Venturi Wealth Management LLC grew its holdings in CSX by 228.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 995 shares of the transportation company’s stock worth $31,000 after acquiring an additional 692 shares during the period. Finally, Janiczek Wealth Management LLC grew its holdings in shares of CSX by 897.2% in the 3rd quarter. Janiczek Wealth Management LLC now owns 1,067 shares of the transportation company’s stock valued at $33,000 after buying an additional 960 shares during the period. Institutional investors own 73.57% of the company’s stock.

CSX Price Performance

Shares of NASDAQ CSX opened at $34.16 on Thursday. The company has a fifty day moving average price of $36.98 and a 200 day moving average price of $34.32. The company has a current ratio of 1.05, a quick ratio of 0.91 and a debt-to-equity ratio of 1.48. CSX Co. has a 1-year low of $29.03 and a 1-year high of $40.12. The firm has a market cap of $66.87 billion, a PE ratio of 18.57, a PEG ratio of 2.01 and a beta of 1.18.

CSX (NASDAQ:CSXGet Free Report) last issued its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. CSX had a net margin of 25.35% and a return on equity of 30.52%. The firm had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.63 billion. During the same period in the previous year, the firm posted $0.49 EPS. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. Research analysts predict that CSX Co. will post 1.97 earnings per share for the current fiscal year.

CSX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given a dividend of $0.12 per share. The ex-dividend date was Wednesday, February 28th. This is a boost from CSX’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 1.41%. CSX’s payout ratio is 26.09%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Raymond James boosted their price target on shares of CSX from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Tuesday, January 16th. Jefferies Financial Group assumed coverage on shares of CSX in a report on Monday, April 8th. They issued a “hold” rating and a $40.00 price target for the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $34.00 price target on shares of CSX in a report on Thursday, January 25th. BMO Capital Markets boosted their price target on shares of CSX from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Finally, Benchmark boosted their price target on shares of CSX from $38.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, CSX presently has a consensus rating of “Moderate Buy” and an average target price of $37.28.

Check Out Our Latest Report on CSX

CSX Company Profile

(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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