TFO Wealth Partners LLC Has $1.71 Million Stock Holdings in CSX Co. (NASDAQ:CSX)

TFO Wealth Partners LLC increased its holdings in shares of CSX Co. (NASDAQ:CSXFree Report) by 176,053.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 49,323 shares of the transportation company’s stock after purchasing an additional 49,295 shares during the quarter. TFO Wealth Partners LLC’s holdings in CSX were worth $1,710,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Focus Financial Network Inc. ADV acquired a new position in CSX in the 4th quarter valued at approximately $480,000. Stifel Financial Corp grew its position in CSX by 4.2% during the 4th quarter. Stifel Financial Corp now owns 949,992 shares of the transportation company’s stock worth $32,937,000 after acquiring an additional 38,690 shares during the last quarter. TD Asset Management Inc grew its position in CSX by 26.1% during the 4th quarter. TD Asset Management Inc now owns 2,052,203 shares of the transportation company’s stock worth $71,150,000 after acquiring an additional 424,278 shares during the last quarter. Proquility Private Wealth Partners LLC boosted its position in CSX by 18.3% in the 4th quarter. Proquility Private Wealth Partners LLC now owns 65,070 shares of the transportation company’s stock valued at $2,256,000 after buying an additional 10,047 shares during the last quarter. Finally, United Services Automobile Association raised its stake in CSX by 7.0% during the 4th quarter. United Services Automobile Association now owns 56,382 shares of the transportation company’s stock worth $1,955,000 after buying an additional 3,669 shares during the period. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CSX shares. Stifel Nicolaus lifted their price target on CSX from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Jefferies Financial Group decreased their price objective on CSX from $40.00 to $38.00 and set a “hold” rating for the company in a report on Thursday, April 18th. StockNews.com cut CSX from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Susquehanna upped their price objective on shares of CSX from $42.00 to $44.00 and gave the stock a “positive” rating in a research report on Thursday, March 28th. Finally, Bank of America dropped their target price on shares of CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $38.00.

View Our Latest Analysis on CSX

CSX Stock Down 0.7 %

NASDAQ:CSX traded down $0.24 during trading hours on Wednesday, reaching $33.24. The company had a trading volume of 8,653,326 shares, compared to its average volume of 11,979,551. The firm has a market cap of $64.98 billion, a price-to-earnings ratio of 18.23, a P/E/G ratio of 1.75 and a beta of 1.19. CSX Co. has a twelve month low of $29.03 and a twelve month high of $40.12. The business’s 50-day simple moving average is $34.89 and its two-hundred day simple moving average is $35.04. The company has a quick ratio of 1.00, a current ratio of 1.15 and a debt-to-equity ratio of 1.42.

CSX (NASDAQ:CSXGet Free Report) last released its earnings results on Wednesday, April 17th. The transportation company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. The company had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.66 billion. CSX had a return on equity of 29.58% and a net margin of 24.75%. The business’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.48 EPS. On average, equities analysts expect that CSX Co. will post 1.96 earnings per share for the current year.

CSX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, May 31st. This represents a $0.48 annualized dividend and a dividend yield of 1.44%. CSX’s payout ratio is 26.37%.

CSX 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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