First National Advisers LLC Boosts Stock Position in CSX Co. (NASDAQ:CSX)

First National Advisers LLC lifted its holdings in CSX Co. (NASDAQ:CSX) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 144,646 shares of the transportation company’s stock after purchasing an additional 6,375 shares during the quarter. First National Advisers LLC’s holdings in CSX were worth $4,668,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CSX. Valley Wealth Managers Inc. grew its holdings in shares of CSX by 177.8% in the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 480 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in CSX in the fourth quarter worth $31,000. Sierra Ocean LLC bought a new stake in CSX in the fourth quarter worth $33,000. Center for Financial Planning Inc. lifted its position in CSX by 205.7% in the fourth quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company’s stock worth $35,000 after buying an additional 720 shares during the last quarter. Finally, Atala Financial Inc bought a new stake in CSX in the fourth quarter worth $36,000. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Stock Performance

CSX stock opened at $30.01 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. The business has a 50-day moving average price of $32.23 and a 200 day moving average price of $33.49. The company has a market capitalization of $56.86 billion, a P/E ratio of 16.77, a PEG ratio of 1.92 and a beta of 1.25. CSX Co. has a 1-year low of $28.98 and a 1-year high of $38.03.

CSX (NASDAQ:CSX) last posted its earnings results 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, equities research analysts forecast that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.73%. The ex-dividend date was Friday, February 28th. This is a positive change from CSX’s previous quarterly dividend of $0.12. CSX’s payout ratio is 29.05%.

Analyst Ratings Changes

A number of analysts recently issued reports on CSX shares. Benchmark restated a “buy” rating and issued a $38.00 price target on shares of CSX in a research report on Monday, January 27th. Barclays lowered their price target on CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. BMO Capital Markets lowered their price target on CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, January 24th. Loop Capital downgraded CSX from a “buy” rating to a “hold” rating and lowered their price target for the stock from $40.00 to $34.00 in a research report on Monday, February 3rd. Finally, Raymond James reiterated an “outperform” rating and set a $37.00 target price (down from $38.00) on shares of CSX in a research report on Friday, January 24th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, CSX has a consensus rating of “Moderate Buy” and a consensus target price of $37.00.

CSX Company 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.