Bryce Point Capital LLC Makes New $479,000 Investment in CSX Co. (NASDAQ:CSX)

Bryce Point Capital LLC acquired a new position in shares of CSX Co. (NASDAQ:CSX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,846 shares of the transportation company’s stock, valued at approximately $479,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Rehmann Capital Advisory Group grew its stake in shares of CSX by 1.3% in the third quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company’s stock valued at $830,000 after buying an additional 306 shares in the last quarter. Joel Isaacson & Co. LLC grew its position in CSX by 2.4% during the fourth quarter. Joel Isaacson & Co. LLC now owns 13,036 shares of the transportation company’s stock worth $421,000 after buying an additional 310 shares in the last quarter. Patrick M Sweeney & Associates Inc. grew its stake in CSX by 1.0% during the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 31,827 shares of the transportation company’s stock worth $1,027,000 after buying an additional 313 shares in the last quarter. West Branch Capital LLC boosted its position in shares of CSX by 3.3% during the 4th quarter. West Branch Capital LLC now owns 10,317 shares of the transportation company’s stock worth $333,000 after acquiring an additional 332 shares in the last quarter. Finally, Alhambra Investment Management LLC boosted its holdings in shares of CSX by 4.3% in the 4th quarter. Alhambra Investment Management LLC now owns 8,292 shares of the transportation company’s stock valued at $268,000 after purchasing an additional 342 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

Analysts Set New Price Targets

CSX has been the topic of several recent research reports. Stephens reissued an “overweight” rating and set a $38.00 price objective on shares of CSX in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft initiated coverage on CSX in a research report on Friday, March 7th. They issued a “hold” rating and a $34.00 price objective for the company. Susquehanna dropped their target price on shares of CSX from $39.00 to $37.00 and set a “positive” rating on the stock in a research report on Thursday, March 27th. Citigroup dropped their price target on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Finally, Robert W. Baird dropped 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $36.20.

CSX Stock Down 2.8 %

CSX opened at $27.21 on Friday. CSX Co. has a twelve month low of $26.95 and a twelve month high of $37.10. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. The company’s 50-day moving average price is $31.32 and its two-hundred day moving average price is $33.04. The stock has a market cap of $51.28 billion, a price-to-earnings ratio of 15.20, a PEG ratio of 1.92 and a beta of 1.22.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 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 analysts expect that CSX Co. will post 1.83 earnings per share for the current year.

CSX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.13 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 1.91%. CSX’s payout ratio is 29.05%.

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.