CSX Co. (NASDAQ:CSX) Shares Bought by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC lifted its holdings in shares of CSX Co. (NASDAQ:CSX) by 12.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 552,342 shares of the transportation company’s stock after buying an additional 62,455 shares during the period. Aptus Capital Advisors LLC’s holdings in CSX were worth $17,824,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of CSX in the fourth quarter valued at approximately $27,000. Accredited Wealth Management LLC bought a new position in CSX during the 4th quarter valued at $29,000. SBI Securities Co. Ltd. acquired a new position in shares of CSX during the 4th quarter valued at $31,000. Sierra Ocean LLC bought a new stake in shares of CSX in the 4th quarter worth $33,000. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of CSX by 219.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,040 shares of the transportation company’s stock valued at $34,000 after buying an additional 714 shares during the period. 73.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CSX shares. Deutsche Bank Aktiengesellschaft initiated coverage on shares of CSX in a report on Friday, March 7th. They issued a “hold” rating and a $34.00 price target for the company. Wells Fargo & Company reduced their target price on shares of CSX from $31.00 to $28.00 and set an “equal weight” rating for the company in a report on Thursday, April 17th. Stifel Nicolaus dropped their price target on CSX from $37.00 to $34.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Benchmark reissued a “buy” rating and set a $35.00 price objective on shares of CSX in a research note on Thursday, April 17th. Finally, JPMorgan Chase & Co. reduced their target price on CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, CSX presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.86.

CSX Stock Performance

CSX stock opened at $28.70 on Friday. CSX Co. has a 1-year low of $26.22 and a 1-year high of $37.10. The business’s 50-day moving average price is $29.11 and its two-hundred day moving average price is $32.05. The firm has a market cap of $53.91 billion, a PE ratio of 16.03, a P/E/G ratio of 1.92 and a beta of 1.22. 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 issued its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.05). The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.53 billion. CSX had a net margin of 23.95% and a return on equity of 28.15%. As a group, research analysts forecast that CSX Co. will post 1.83 earnings per share for the current year.

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.13 dividend. This is a boost from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 1.81%. The ex-dividend date was Friday, February 28th. CSX’s payout ratio is currently 31.14%.

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.