Fiduciary Group LLC Acquires 953 Shares of CSX Co. (NASDAQ:CSX)

Fiduciary Group LLC lifted its stake in CSX Co. (NASDAQ:CSX) by 2.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 42,601 shares of the transportation company’s stock after purchasing an additional 953 shares during the quarter. Fiduciary Group LLC’s holdings in CSX were worth $1,375,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CSX. SBI Securities Co. Ltd. bought a new stake in CSX in the fourth quarter worth $31,000. Sierra Ocean LLC purchased a new position in shares of CSX in the 4th quarter worth about $33,000. Center for Financial Planning Inc. boosted its stake in CSX by 205.7% in the 4th quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company’s stock worth $35,000 after purchasing an additional 720 shares in the last quarter. Atala Financial Inc purchased a new stake in CSX during the 4th quarter valued at about $36,000. Finally, Wingate Wealth Advisors Inc. purchased a new position in CSX in the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Price Performance

Shares of CSX stock opened at $29.98 on Friday. The stock’s fifty day moving average is $32.07 and its 200 day moving average is $33.39. CSX Co. has a one year low of $28.98 and a one year high of $38.03. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. The stock has a market cap of $56.80 billion, a P/E ratio of 16.75, a P/E/G ratio of 1.92 and a beta of 1.25.

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

CSX Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Loop Capital downgraded shares of CSX from a “buy” rating to a “hold” rating and reduced their price target for the company from $40.00 to $34.00 in a research report on Monday, February 3rd. Susquehanna reduced their target price on CSX from $40.00 to $39.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Raymond James reaffirmed an “outperform” rating and set a $37.00 price target (down from $38.00) on shares of CSX in a report on Friday, January 24th. Robert W. Baird reduced their price objective on CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, January 24th. Finally, Wells Fargo & Company lowered their target price 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. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.