5,951 Shares in CSX Co. (NASDAQ:CSX) Purchased by Keel Point LLC

Keel Point LLC purchased a new stake in CSX Co. (NASDAQ:CSX) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,951 shares of the transportation company’s stock, valued at approximately $206,000.

A number of other hedge funds also recently modified their holdings of CSX. Fortitude Family Office LLC bought a new stake in shares of CSX in the 4th quarter valued at approximately $27,000. Life Planning Partners Inc bought a new stake in CSX during the 4th quarter worth approximately $27,000. Fortis Capital Advisors LLC acquired a new position in CSX in the fourth quarter worth $27,000. Venturi Wealth Management LLC increased its stake in shares of CSX by 228.4% in the third quarter. Venturi Wealth Management LLC now owns 995 shares of the transportation company’s stock valued at $31,000 after buying an additional 692 shares in the last quarter. Finally, Janiczek Wealth Management LLC grew its holdings in CSX by 897.2% during 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 last quarter. Institutional investors own 73.57% of the company’s stock.

CSX Stock Performance

Shares of NASDAQ:CSX opened at $34.16 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.05 and a debt-to-equity ratio of 1.48. CSX Co. has a 12-month low of $29.03 and a 12-month high of $40.12. The company’s 50 day moving average price is $36.98 and its two-hundred day moving average price is $34.32. The firm has a market cap of $66.87 billion, a PE ratio of 18.57, a PEG ratio of 2.03 and a beta of 1.18.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.63 billion. CSX had a return on equity of 30.52% and a net margin of 25.35%. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.49 earnings per share. Equities research analysts predict that CSX Co. will post 1.97 earnings per share for the current year.

CSX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were issued a $0.12 dividend. This is a positive change from CSX’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 1.41%. The ex-dividend date was Wednesday, February 28th. CSX’s dividend payout ratio (DPR) is currently 26.09%.

Analyst Upgrades and Downgrades

Several brokerages have commented on CSX. Stifel Nicolaus raised their target price on shares of CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Susquehanna lifted their price target on CSX from $42.00 to $44.00 and gave the company a “positive” rating in a research note on Thursday, March 28th. Royal Bank of Canada restated a “sector perform” rating and issued a $34.00 target price on shares of CSX in a research note 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 research note on Tuesday, January 16th. Finally, JPMorgan Chase & Co. dropped their target price on shares of CSX from $40.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, December 21st. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CSX has an average rating of “Moderate Buy” and a consensus price target of $37.28.

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.