CSX Co. (NASDAQ:CSX) Shares Bought by Advisor Group Holdings Inc.

Advisor Group Holdings Inc. grew its position in shares of CSX Co. (NASDAQ:CSX – Get Rating) by 11.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 614,916 shares of the transportation company’s stock after acquiring an additional 64,799 shares during the quarter. Advisor Group Holdings Inc.’s holdings in CSX were worth $19,053,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Macquarie Group Ltd. raised its position in CSX by 3.9% in the third quarter. Macquarie Group Ltd. now owns 950,618 shares of the transportation company’s stock worth $25,929,000 after acquiring an additional 35,388 shares in the last quarter. Wedbush Securities Inc. raised its position in CSX by 8.7% in the fourth quarter. Wedbush Securities Inc. now owns 61,169 shares of the transportation company’s stock worth $1,895,000 after acquiring an additional 4,901 shares in the last quarter. Aspiriant LLC bought a new stake in CSX in the fourth quarter worth about $220,000. Ronald Blue Trust Inc. raised its position in CSX by 8.0% in the fourth quarter. Ronald Blue Trust Inc. now owns 26,232 shares of the transportation company’s stock worth $699,000 after acquiring an additional 1,943 shares in the last quarter. Finally, Prospera Financial Services Inc raised its position in CSX by 51.9% in the fourth quarter. Prospera Financial Services Inc now owns 15,430 shares of the transportation company’s stock worth $478,000 after acquiring an additional 5,275 shares in the last quarter. Institutional investors and hedge funds own 72.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CSX shares. TD Cowen boosted their price target on shares of CSX from $35.00 to $37.00 and gave the stock a “market perform” rating in a research report on Friday, April 21st. Credit Suisse Group restated an “outperform” rating and set a $37.00 price objective on shares of CSX in a report on Friday, April 21st. UBS Group boosted their price objective on CSX from $31.00 to $33.00 and gave the stock a “neutral” rating in a report on Friday, April 21st. JPMorgan Chase & Co. boosted their price objective on CSX from $33.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, April 21st. Finally, Stifel Nicolaus boosted their price objective on CSX from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, April 21st. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $34.76.

CSX Stock Up 0.1 %

Shares of CSX stock opened at $30.92 on Friday. The stock has a market capitalization of $62.86 billion, a P/E ratio of 15.23, a PEG ratio of 2.18 and a beta of 1.23. The company has a quick ratio of 1.28, a current ratio of 1.45 and a debt-to-equity ratio of 1.45. The stock has a 50 day moving average price of $30.56 and a two-hundred day moving average price of $31.02. CSX Co. has a 12-month low of $25.80 and a 12-month high of $34.71.

CSX (NASDAQ:CSX – Get Rating) last announced its earnings results on Thursday, April 20th. The transportation company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. The firm had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.58 billion. CSX had a return on equity of 33.01% and a net margin of 28.35%. The company’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 earnings per share. Equities analysts expect that CSX Co. will post 1.94 earnings per share for the current year.

CSX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.42%. CSX’s dividend payout ratio (DPR) is presently 21.67%.

CSX Profile

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CSX Corp. engages in the provision of rail-based freight transportation services. Its services include rail service, the transport of intermodal containers and trailers, rail-to-truck transfers and bulk commodity operations. The company was founded in 1827 and is headquartered in Jacksonville, FL.