CSX Co. (NASDAQ:CSX) Shares Bought by Waycross Partners LLC

Waycross Partners LLC lifted its position in CSX Co. (NASDAQ:CSX) by 7.0% in the fourth quarter, HoldingsChannel reports. The firm owned 619,471 shares of the transportation company’s stock after buying an additional 40,611 shares during the period. CSX makes up about 2.6% of Waycross Partners LLC’s portfolio, making the stock its 17th biggest holding. Waycross Partners LLC’s holdings in CSX were worth $19,990,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CSX. Valley Wealth Managers Inc. lifted its stake in CSX by 177.8% during the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after acquiring an additional 480 shares in the last quarter. Morton Brown Family Wealth LLC acquired a new stake in CSX during the third quarter worth approximately $31,000. Sierra Ocean LLC purchased a new stake in CSX in the fourth quarter valued at $33,000. Center for Financial Planning Inc. lifted its holdings in shares of CSX by 205.7% in the 4th quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 720 shares during the last quarter. Finally, Addison Advisors LLC boosted its holdings in shares of CSX by 348.5% in the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock valued at $36,000 after acquiring an additional 812 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on CSX shares. Robert W. Baird dropped their price objective on shares of CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, January 24th. Loop Capital downgraded CSX from a “buy” rating to a “hold” rating and reduced their price objective for the company from $40.00 to $34.00 in a research note on Monday, February 3rd. Benchmark reiterated a “buy” rating and issued a $38.00 target price on shares of CSX in a research note on Monday, January 27th. Royal Bank of Canada dropped their target price on CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a report on Friday, January 24th. Finally, Wells Fargo & Company decreased their price target on CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $37.16.

CSX Trading Up 0.8 %

Shares of CSX opened at $33.37 on Tuesday. CSX Co. has a twelve month low of $31.43 and a twelve month high of $40.12. The firm has a market capitalization of $64.35 billion, a P/E ratio of 18.64, a PEG ratio of 1.91 and a beta of 1.23. The firm’s 50-day moving average is $32.72 and its two-hundred day moving average is $33.80. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX) last announced its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. On average, research analysts predict that CSX Co. will post 1.86 earnings per share for the current fiscal year.

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.13 dividend. This is an increase from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, February 28th. CSX’s dividend payout ratio is currently 26.82%.

CSX 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.