CSX Co. (NASDAQ:CSX) Shares Acquired by Edgemoor Investment Advisors Inc.

Edgemoor Investment Advisors Inc. grew its holdings in CSX Co. (NASDAQ:CSX) by 37.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,750 shares of the transportation company’s stock after purchasing an additional 7,500 shares during the quarter. Edgemoor Investment Advisors Inc.’s holdings in CSX were worth $895,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Flagship Wealth Advisors LLC acquired a new stake in shares of CSX in the fourth quarter valued at approximately $383,000. Parallel Advisors LLC grew its position in shares of CSX by 6.5% in the fourth quarter. Parallel Advisors LLC now owns 18,629 shares of the transportation company’s stock valued at $601,000 after purchasing an additional 1,135 shares during the last quarter. Cibc World Markets Corp grew its position in shares of CSX by 13.3% in the fourth quarter. Cibc World Markets Corp now owns 347,475 shares of the transportation company’s stock valued at $11,213,000 after purchasing an additional 40,873 shares during the last quarter. Gold Investment Management Ltd. grew its position in shares of CSX by 0.6% in the fourth quarter. Gold Investment Management Ltd. now owns 117,387 shares of the transportation company’s stock valued at $3,788,000 after purchasing an additional 660 shares during the last quarter. Finally, First National Advisers LLC grew its position in shares of CSX by 4.6% in the fourth quarter. First National Advisers LLC now owns 144,646 shares of the transportation company’s stock valued at $4,668,000 after purchasing an additional 6,375 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Trading Up 3.0 %

Shares of NASDAQ:CSX opened at $30.01 on Monday. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The company has a 50 day moving average of $32.23 and a 200-day moving average of $33.49. CSX Co. has a twelve month low of $28.98 and a twelve month high of $38.03. The firm has a market cap of $56.86 billion, a P/E ratio of 16.77, a P/E/G ratio of 1.92 and a beta of 1.25.

CSX (NASDAQ:CSX) last released its earnings results on Thursday, January 23rd. The transportation company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. As a group, analysts anticipate that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.13 per share. The ex-dividend date was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.73%. This is a positive change from CSX’s previous quarterly dividend of $0.12. CSX’s payout ratio is currently 29.05%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Wells Fargo & Company reduced their price objective on shares of CSX from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Stephens reissued an “overweight” rating and set a $38.00 price objective on shares of CSX in a research note on Friday, January 24th. JPMorgan Chase & Co. reduced their price objective on shares of CSX from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. BMO Capital Markets reduced their price objective on shares of CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, January 24th. Finally, Robert W. Baird reduced their price objective on shares of CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, January 24th. Seven research 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, CSX has a consensus rating of “Moderate Buy” and an average target price of $37.00.

About CSX

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.