CSX Co. (NASDAQ:CSX) Shares Purchased by HUB Investment Partners LLC

HUB Investment Partners LLC raised its position in CSX Co. (NASDAQ:CSX) by 8.5% in the 4th quarter, Holdings Channel reports. The fund owned 8,842 shares of the transportation company’s stock after purchasing an additional 689 shares during the period. HUB Investment Partners LLC’s holdings in CSX were worth $285,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in CSX during the 4th quarter valued at $31,000. Sierra Ocean LLC purchased a new position in CSX in the 4th quarter valued at about $33,000. Center for Financial Planning Inc. grew its stake in shares of CSX by 205.7% during the fourth quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 720 shares in the last quarter. Atala Financial Inc purchased a new stake in shares of CSX during the fourth quarter worth about $36,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in shares of CSX in the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CSX shares. Stephens restated an “overweight” rating and set a $38.00 price objective on shares of CSX in a research note on Friday, January 24th. Barclays decreased their price target on shares of CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Citigroup decreased their price target on CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Raymond James restated an “outperform” rating and set a $37.00 price objective (down previously from $38.00) on shares of CSX in a research note on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft started coverage on CSX in a report on Friday, March 7th. They issued a “hold” rating and a $34.00 price target for the company. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, CSX has an average rating of “Moderate Buy” and an average price target of $37.00.

CSX Stock Down 1.4 %

CSX stock opened at $29.57 on Friday. The firm has a market capitalization of $56.02 billion, a P/E ratio of 16.52, a P/E/G ratio of 1.92 and a beta of 1.25. The company has a 50-day simple moving average of $32.03 and a 200-day simple moving average of $33.35. CSX Co. has a one year low of $28.98 and a one year high of $37.40. 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 announced its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. As a group, equities analysts expect that CSX Co. will post 1.83 earnings per share for the current year.

CSX Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.13 per share. The ex-dividend date was Friday, February 28th. This represents a $0.52 annualized dividend and a yield of 1.76%. This is an increase from CSX’s previous quarterly dividend of $0.12. CSX’s 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.