Antonelli Financial Advisors LLC Buys New Shares in CSX Co. (NASDAQ:CSX)

Antonelli Financial Advisors LLC purchased a new stake in shares of CSX Co. (NASDAQ:CSX) during the fourth quarter, HoldingsChannel reports. The fund purchased 10,087 shares of the transportation company’s stock, valued at approximately $325,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Bank of New York Mellon Corp raised its position in shares of CSX by 40.5% during the fourth quarter. Bank of New York Mellon Corp now owns 23,350,087 shares of the transportation company’s stock valued at $753,507,000 after buying an additional 6,730,316 shares during the last quarter. Raymond James Financial Inc. bought a new stake in CSX in the 4th quarter valued at $85,959,000. Perpetual Ltd purchased a new stake in CSX in the 4th quarter worth $83,301,000. River Road Asset Management LLC bought a new position in shares of CSX during the 4th quarter valued at about $46,861,000. Finally, FMR LLC boosted its holdings in shares of CSX by 10.2% during the 3rd quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock valued at $539,112,000 after purchasing an additional 1,447,651 shares during the last quarter. 73.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Robert W. Baird decreased their target price on CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. BMO Capital Markets lowered their target price on CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, January 24th. Loop Capital cut shares of CSX from a “buy” rating to a “hold” rating and reduced their price target for the stock from $40.00 to $34.00 in a research report on Monday, February 3rd. Royal Bank of Canada lowered their price objective on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a research report on Friday, January 24th. Finally, Citigroup reduced their target price on shares of CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Seven 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $37.00.

CSX Stock Performance

CSX stock opened at $29.98 on Friday. CSX Co. has a 1-year low of $28.98 and a 1-year high of $38.03. The business has a 50-day moving average price of $32.07 and a 200 day moving average price of $33.39. The company has a market capitalization of $56.80 billion, a P/E ratio of 16.75, a PEG ratio of 1.92 and a beta of 1.25. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 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%. As a group, equities research analysts forecast that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.73%. This is a positive change from CSX’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, February 28th. CSX’s dividend payout ratio is presently 29.05%.

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.