Investor s Fiduciary Advisor Network LLC Makes New $290,000 Investment in CSX Co. (NASDAQ:CSX)

Investor s Fiduciary Advisor Network LLC bought a new position in CSX Co. (NASDAQ:CSX) in the fourth quarter, HoldingsChannel.com reports. The fund bought 9,010 shares of the transportation company’s stock, valued at approximately $290,000.

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

CSX Stock Down 0.8%

NASDAQ CSX opened at $28.74 on Monday. The stock has a fifty day moving average of $28.78 and a 200-day moving average of $31.84. The stock has a market capitalization of $53.99 billion, a P/E ratio of 16.06, a price-to-earnings-growth ratio of 1.92 and a beta of 1.22. CSX Co. has a 52 week low of $26.22 and a 52 week high of $37.10. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86.

CSX (NASDAQ:CSX) last released its earnings results on Wednesday, April 16th. The transportation company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). The firm 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%. On average, equities research analysts forecast that CSX Co. will post 1.83 EPS for the current year.

CSX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $0.13 per share. The ex-dividend date is Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.81%. CSX’s dividend payout ratio (DPR) is presently 31.14%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Benchmark reissued a “buy” rating and issued a $35.00 target price on shares of CSX in a report on Thursday, April 17th. Argus set a $32.00 target price on CSX in a report on Friday, April 25th. Robert W. Baird dropped their target price on CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft initiated coverage on CSX in a report on Friday, March 7th. They set a “hold” rating and a $34.00 price target for the company. Finally, Loop Capital cut CSX from a “buy” rating to a “hold” rating and dropped their price target for the company from $40.00 to $34.00 in a report on Monday, February 3rd. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.86.

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.