CSX Co. (NASDAQ:CSX) Shares Purchased by Procyon Advisors LLC

Procyon Advisors LLC increased its holdings in shares of CSX Co. (NASDAQ:CSX) by 3.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,492 shares of the transportation company’s stock after purchasing an additional 3,282 shares during the period. Procyon Advisors LLC’s holdings in CSX were worth $3,345,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Fortitude Family Office LLC acquired a new stake in shares of CSX in the 4th quarter worth $27,000. Fortis Capital Advisors LLC acquired a new stake in shares of CSX in the 4th quarter worth $27,000. Venturi Wealth Management LLC lifted its stake in shares of CSX by 228.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 995 shares of the transportation company’s stock worth $31,000 after acquiring an additional 692 shares during the period. Janiczek Wealth Management LLC lifted its stake in shares of CSX by 897.2% in the 3rd quarter. Janiczek Wealth Management LLC now owns 1,067 shares of the transportation company’s stock worth $33,000 after acquiring an additional 960 shares during the period. Finally, Cornerstone Planning Group LLC purchased a new position in shares of CSX in the 2nd quarter valued at about $41,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Trading Down 0.1 %

Shares of NASDAQ CSX traded down $0.02 during midday trading on Thursday, reaching $36.82. 1,017,863 shares of the stock were exchanged, compared to its average volume of 11,535,067. The company has a market capitalization of $72.08 billion, a P/E ratio of 20.02, a P/E/G ratio of 2.09 and a beta of 1.18. CSX Co. has a 52-week low of $29.03 and a 52-week high of $40.12. The company has a current ratio of 1.05, a quick ratio of 0.91 and a debt-to-equity ratio of 1.48. The stock has a 50 day moving average price of $36.84 and a 200-day moving average price of $33.76.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.63 billion. CSX had a net margin of 25.35% and a return on equity of 30.52%. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 earnings per share. Equities research analysts expect that CSX Co. will post 1.96 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 15th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This is an increase from CSX’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.30%. CSX’s payout ratio is 26.09%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus cut their price target on shares of CSX from $38.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, January 25th. Raymond James increased their price target on shares of CSX from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Tuesday, January 16th. JPMorgan Chase & Co. cut their price target on shares of CSX from $40.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, December 21st. BMO Capital Markets increased their price target on shares of CSX from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Finally, TD Cowen increased their price target on shares of CSX from $32.00 to $36.00 and gave the company a “market perform” rating in a report on Thursday, January 25th. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.24.

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.