9258 Wealth Management LLC Acquires 900 Shares of CSX Co. (NASDAQ:CSX)

9258 Wealth Management LLC boosted its holdings in shares of CSX Co. (NASDAQ:CSXFree Report) by 8.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,184 shares of the transportation company’s stock after purchasing an additional 900 shares during the period. 9258 Wealth Management LLC’s holdings in CSX were worth $422,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CSX. Lazard Asset Management LLC lifted its stake in CSX by 10.4% during the third quarter. Lazard Asset Management LLC now owns 29,191,044 shares of the transportation company’s stock worth $897,624,000 after purchasing an additional 2,748,738 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of CSX by 68.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,234,797 shares of the transportation company’s stock valued at $160,970,000 after acquiring an additional 2,119,965 shares during the last quarter. Adage Capital Partners GP L.L.C. lifted its stake in shares of CSX by 43.8% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 4,752,117 shares of the transportation company’s stock valued at $146,128,000 after acquiring an additional 1,446,685 shares during the last quarter. Alua Capital Management LP bought a new position in shares of CSX in the 3rd quarter valued at $38,631,000. Finally, Nordea Investment Management AB lifted its stake in shares of CSX by 85.7% in the 3rd quarter. Nordea Investment Management AB now owns 1,865,006 shares of the transportation company’s stock valued at $57,964,000 after acquiring an additional 860,880 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CSX has been the subject of a number of research reports. Susquehanna increased 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. Stifel Nicolaus increased their price target on CSX from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, April 12th. UBS Group dropped their price target on CSX from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Benchmark restated a “buy” rating and issued a $40.00 price objective on shares of CSX in a report on Thursday, April 18th. Finally, Bank of America decreased their price objective on CSX from $40.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $38.00.

Read Our Latest Analysis on CSX

CSX Stock Performance

Shares of CSX stock opened at $33.75 on Monday. The company has a current ratio of 1.15, a quick ratio of 1.00 and a debt-to-equity ratio of 1.42. The business has a 50-day moving average price of $34.64 and a two-hundred day moving average price of $35.10. CSX Co. has a 1-year low of $29.03 and a 1-year high of $40.12. The company has a market cap of $65.98 billion, a P/E ratio of 18.54, a PEG ratio of 1.75 and a beta of 1.19.

CSX (NASDAQ:CSXGet Free Report) last issued its quarterly earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. The firm had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.66 billion. CSX had a return on equity of 29.58% and a net margin of 24.75%. The business’s revenue was down .8% compared to the same quarter last year. During the same period last year, the business posted $0.48 EPS. As a group, analysts anticipate that CSX Co. will post 1.96 EPS for the current year.

CSX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.42%. CSX’s dividend payout ratio (DPR) is presently 26.37%.

CSX Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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