Dynamic Advisor Solutions LLC Buys 3,458 Shares of CSX Corporation (NASDAQ:CSX)

Dynamic Advisor Solutions LLC grew its stake in CSX Corporation (NASDAQ:CSX) by 9.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,757 shares of the transportation company’s stock after purchasing an additional 3,458 shares during the period. Dynamic Advisor Solutions LLC’s holdings in CSX were worth $1,141,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. New England Research & Management Inc. lifted its stake in shares of CSX by 1.9% in the 1st quarter. New England Research & Management Inc. now owns 114,110 shares of the transportation company’s stock valued at $3,358,000 after purchasing an additional 2,100 shares during the last quarter. Caldwell Sutter Capital Inc. lifted its stake in shares of CSX by 87.7% during the 1st quarter. Caldwell Sutter Capital Inc. now owns 1,541 shares of the transportation company’s stock worth $45,000 after acquiring an additional 720 shares during the last quarter. Everhart Financial Group Inc. lifted its stake in shares of CSX by 4.8% during the 1st quarter. Everhart Financial Group Inc. now owns 33,312 shares of the transportation company’s stock worth $980,000 after acquiring an additional 1,537 shares during the last quarter. Marshall Financial Group LLC lifted its stake in shares of CSX by 5.4% during the 1st quarter. Marshall Financial Group LLC now owns 35,405 shares of the transportation company’s stock worth $1,042,000 after acquiring an additional 1,804 shares during the last quarter. Finally, Sanchez Wealth Management Group lifted its stake in shares of CSX by 8.8% during the 1st quarter. Sanchez Wealth Management Group now owns 48,169 shares of the transportation company’s stock worth $1,418,000 after acquiring an additional 3,897 shares during the last quarter. 73.57% of the stock is owned by institutional investors.

CSX Stock Performance

NASDAQ CSX opened at $32.12 on Wednesday. The stock has a market cap of $60.34 billion, a PE ratio of 19.23, a P/E/G ratio of 2.85 and a beta of 1.24. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 1.52. CSX Corporation has a twelve month low of $26.22 and a twelve month high of $37.10. The stock has a fifty day simple moving average of $29.92 and a 200-day simple moving average of $31.18.

CSX (NASDAQ:CSX) last released its quarterly earnings results on Wednesday, April 16th. The transportation company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). The business had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.53 billion. CSX had a return on equity of 26.42% and a net margin of 22.66%. Equities analysts anticipate that CSX Corporation will post 1.83 earnings per share for the current year.

CSX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.62%. The ex-dividend date was Friday, May 30th. CSX’s payout ratio is 31.14%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CSX shares. Barclays decreased their price target on CSX from $35.00 to $31.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Stifel Nicolaus decreased their price target on CSX from $37.00 to $34.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Citigroup decreased their price target on CSX from $39.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Royal Bank Of Canada decreased their price target on CSX from $31.00 to $30.00 and set a “sector perform” rating for the company in a research note on Thursday, April 17th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $35.00 target price on shares of CSX in a research report on Monday, June 2nd. Eight 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.14.

About CSX

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.