Castle Wealth Management LLC Purchases 367 Shares of CSX Co. (NASDAQ:CSX)

Castle Wealth Management LLC lifted its position in shares of CSX Co. (NASDAQ:CSX) by 2.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 15,413 shares of the transportation company’s stock after buying an additional 367 shares during the period. Castle Wealth Management LLC’s holdings in CSX were worth $534,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Value Partners Investments Inc. bought a new position in CSX in the 3rd quarter valued at approximately $1,172,000. Morgan Stanley increased its position in CSX by 3.1% in the 3rd quarter. Morgan Stanley now owns 24,340,514 shares of the transportation company’s stock valued at $748,471,000 after acquiring an additional 739,411 shares during the period. International Assets Investment Management LLC increased its position in CSX by 3,241.9% in the 4th quarter. International Assets Investment Management LLC now owns 235,304 shares of the transportation company’s stock valued at $8,158,000 after acquiring an additional 228,263 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in CSX by 5.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 723,344 shares of the transportation company’s stock valued at $25,078,000 after acquiring an additional 34,730 shares during the period. Finally, Sapient Capital LLC acquired a new position in CSX in the 4th quarter valued at approximately $1,279,000. Institutional investors own 73.57% of the company’s stock.

CSX Stock Down 0.1 %

Shares of CSX stock traded down $0.05 during trading hours on Friday, reaching $34.34. The company’s stock had a trading volume of 13,613,593 shares, compared to its average volume of 12,126,607. CSX Co. has a one year low of $29.03 and a one year high of $40.12. The company has a market capitalization of $67.22 billion, a P/E ratio of 18.87, a P/E/G ratio of 1.97 and a beta of 1.18. The stock’s fifty day simple moving average is $36.88 and its two-hundred day simple moving average is $34.35. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.91 and a current ratio of 1.05.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Wednesday, April 17th. The transportation company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. CSX had a net margin of 24.75% and a return on equity of 29.88%. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.66 billion. During the same period last year, the firm earned $0.48 earnings per share. The business’s quarterly revenue was down .8% compared to the same quarter last year. On average, research analysts forecast that CSX Co. will post 1.97 earnings per share for the current year.

CSX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a dividend of $0.12 per share. This is a positive change from CSX’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Wednesday, February 28th. CSX’s dividend payout ratio (DPR) is presently 26.37%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Bank of America decreased their price target on shares of CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday. BMO Capital Markets increased their price objective on shares of CSX from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. UBS Group decreased their price objective on shares of CSX from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday. Raymond James increased their price objective on shares of CSX from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 16th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of CSX from $40.00 to $39.00 and set an “overweight” rating for the company in a research report on Thursday, December 21st. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.72.

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.