Jacobi Capital Management LLC Increases Stock Holdings in CSX Co. (NASDAQ:CSX)

Jacobi Capital Management LLC increased its stake in shares of CSX Co. (NASDAQ:CSX) by 1.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 39,522 shares of the transportation company’s stock after acquiring an additional 404 shares during the quarter. Jacobi Capital Management LLC’s holdings in CSX were worth $1,275,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Avior Wealth Management LLC grew its stake in CSX by 2.5% in the 3rd quarter. Avior Wealth Management LLC now owns 11,790 shares of the transportation company’s stock valued at $407,000 after purchasing an additional 293 shares during the period. Rehmann Capital Advisory Group grew its stake in CSX by 1.3% in the 3rd quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company’s stock valued at $830,000 after purchasing an additional 306 shares during the period. Associated Banc Corp grew its stake in CSX by 0.6% in the 3rd quarter. Associated Banc Corp now owns 55,534 shares of the transportation company’s stock valued at $1,918,000 after purchasing an additional 310 shares during the period. Joel Isaacson & Co. LLC grew its stake in CSX by 2.4% in the 4th quarter. Joel Isaacson & Co. LLC now owns 13,036 shares of the transportation company’s stock valued at $421,000 after purchasing an additional 310 shares during the period. Finally, Patrick M Sweeney & Associates Inc. grew its stake in CSX by 1.0% in the 4th quarter. Patrick M Sweeney & Associates Inc. now owns 31,827 shares of the transportation company’s stock valued at $1,027,000 after purchasing an additional 313 shares during the period. Institutional investors own 73.57% of the company’s stock.

CSX Price Performance

Shares of CSX stock opened at $32.01 on Friday. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $61.72 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23. The business’s 50-day moving average price is $32.60 and its 200-day moving average price is $33.70. CSX Co. has a 12 month low of $31.43 and a 12 month high of $38.61.

CSX (NASDAQ:CSX) last announced its quarterly earnings data 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%. Sell-side analysts forecast that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 1.62%. CSX’s dividend payout ratio is 29.05%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CSX shares. Robert W. Baird reduced their price objective on CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, January 24th. JPMorgan Chase & Co. cut their price target on CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Barclays cut their price target on CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. BMO Capital Markets cut their price target on CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, January 24th. Finally, Benchmark reiterated a “buy” rating and set a $38.00 price target on shares of CSX in a research note on Monday, January 27th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, CSX presently has an average rating of “Moderate Buy” and an average target price of $37.16.

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.