Morningstar Investment Services LLC Acquires Shares of 9,975 CSX Co. (NASDAQ:CSX)

Morningstar Investment Services LLC bought a new position in CSX Co. (NASDAQ:CSXFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 9,975 shares of the transportation company’s stock, valued at approximately $347,000.

A number of other institutional investors have also made changes to their positions in the company. High Net Worth Advisory Group LLC boosted its stake in CSX by 1.7% in the 4th quarter. High Net Worth Advisory Group LLC now owns 17,704 shares of the transportation company’s stock worth $614,000 after purchasing an additional 304 shares during the period. Stratos Wealth Advisors LLC boosted its position in shares of CSX by 1.1% in the fourth quarter. Stratos Wealth Advisors LLC now owns 28,210 shares of the transportation company’s stock worth $978,000 after buying an additional 304 shares during the period. Cornercap Investment Counsel Inc. grew its holdings in shares of CSX by 0.3% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 120,244 shares of the transportation company’s stock valued at $4,169,000 after buying an additional 309 shares in the last quarter. FCA Corp TX raised its position in CSX by 0.3% during the fourth quarter. FCA Corp TX now owns 115,572 shares of the transportation company’s stock valued at $4,007,000 after buying an additional 339 shares during the period. Finally, Parkside Financial Bank & Trust lifted its stake in CSX by 2.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 17,967 shares of the transportation company’s stock worth $552,000 after acquiring an additional 352 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors.

CSX Stock Down 0.7 %

Shares of CSX stock opened at $32.75 on Friday. CSX Co. has a 12-month low of $29.03 and a 12-month high of $40.12. The company has a quick ratio of 1.00, a current ratio of 1.15 and a debt-to-equity ratio of 1.42. The stock has a 50 day moving average price of $34.25 and a two-hundred day moving average price of $35.12. The stock has a market capitalization of $64.02 billion, a P/E ratio of 17.99, a PEG ratio of 1.70 and a beta of 1.19.

CSX (NASDAQ:CSXGet Free Report) last issued its quarterly earnings data 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. CSX had a net margin of 24.75% and a return on equity of 29.58%. The business had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.66 billion. During the same period in the previous year, the company earned $0.48 earnings per share. CSX’s revenue for the quarter was down .8% on a year-over-year basis. Equities analysts expect that CSX Co. will post 1.96 earnings per share for the current year.

CSX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Friday, May 31st. CSX’s dividend payout ratio is currently 26.37%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Susquehanna lifted their target price on CSX from $42.00 to $44.00 and gave the company a “positive” rating in a research note on Thursday, March 28th. Jefferies Financial Group dropped their price objective on shares of CSX from $40.00 to $38.00 and set a “hold” rating on the stock in a research note on Thursday, April 18th. Wells Fargo & Company initiated coverage on shares of CSX in a research note on Friday. They set an “equal weight” rating and a $35.00 target price for the company. UBS Group dropped their price target on shares of CSX from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Finally, Royal Bank of Canada reduced their price objective on CSX from $37.00 to $36.00 and set a “sector perform” rating for the company in a research report on Thursday, April 18th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $37.82.

View Our Latest Analysis on CSX

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.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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