Legacy Financial Advisors Inc. Has $322,000 Stock Holdings in CSX Co. (NASDAQ:CSX)

Legacy Financial Advisors Inc. lowered its stake in CSX Co. (NASDAQ:CSX) by 3.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,976 shares of the transportation company’s stock after selling 363 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in CSX were worth $322,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CSX. Joel Isaacson & Co. LLC grew its holdings in CSX by 2.4% during the fourth quarter. Joel Isaacson & Co. LLC now owns 13,036 shares of the transportation company’s stock valued at $421,000 after purchasing an additional 310 shares during the period. Patrick M Sweeney & Associates Inc. grew its holdings in shares of CSX by 1.0% in the 4th quarter. Patrick M Sweeney & Associates Inc. now owns 31,827 shares of the transportation company’s stock valued at $1,027,000 after buying an additional 313 shares during the period. West Branch Capital LLC increased its position in shares of CSX by 3.3% in the 4th quarter. West Branch Capital LLC now owns 10,317 shares of the transportation company’s stock valued at $333,000 after buying an additional 332 shares in the last quarter. Alhambra Investment Management LLC raised its stake in CSX by 4.3% during the 4th quarter. Alhambra Investment Management LLC now owns 8,292 shares of the transportation company’s stock worth $268,000 after buying an additional 342 shares during the period. Finally, Trust Point Inc. lifted its holdings in CSX by 2.6% during the fourth quarter. Trust Point Inc. now owns 13,722 shares of the transportation company’s stock worth $443,000 after acquiring an additional 344 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CSX has been the subject of several recent analyst reports. 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 report on Monday, February 3rd. Raymond James dropped their target price on shares of CSX from $37.00 to $34.00 and set an “outperform” rating on the stock in a report on Friday. Susquehanna cut their price target on shares of CSX from $39.00 to $37.00 and set a “positive” rating on the stock in a research note on Thursday, March 27th. Barclays lowered their price objective on shares of CSX from $38.00 to $35.00 and set an “overweight” rating for the company in a research report on Wednesday, April 2nd. Finally, Royal Bank of Canada cut their price objective on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $35.70.

CSX Stock Up 0.7 %

NASDAQ:CSX opened at $28.01 on Friday. CSX Co. has a twelve month low of $26.22 and a twelve month high of $37.10. The firm has a market capitalization of $52.79 billion, a price-to-earnings ratio of 15.65, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23. 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 stock’s 50 day moving average price is $30.58 and its two-hundred day moving average price is $32.72.

CSX (NASDAQ:CSX) last issued its earnings results 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 return on equity of 28.15% and a net margin of 23.95%. Equities research analysts expect that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.86%. This is a boost from CSX’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, February 28th. CSX’s dividend payout ratio is presently 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.