Romano Brothers AND Company Invests $222,000 in CSX Co. (NASDAQ:CSX)

Romano Brothers AND Company purchased a new position in shares of CSX Co. (NASDAQ:CSXFree Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,411 shares of the transportation company’s stock, valued at approximately $222,000.

A number of other institutional investors also recently added to or reduced their stakes in CSX. Capital Advisors Inc. OK purchased a new stake in shares of CSX during the 4th quarter worth approximately $303,000. Louisiana State Employees Retirement System acquired a new stake in shares of CSX during the 4th quarter worth about $9,586,000. Simplicity Solutions LLC raised its position in shares of CSX by 31.1% in the fourth quarter. Simplicity Solutions LLC now owns 90,050 shares of the transportation company’s stock valued at $3,122,000 after buying an additional 21,384 shares during the last quarter. Graypoint LLC lifted its stake in shares of CSX by 12.3% during the fourth quarter. Graypoint LLC now owns 11,010 shares of the transportation company’s stock valued at $382,000 after buying an additional 1,206 shares during the period. Finally, Costello Asset Management INC boosted its position in CSX by 30.4% during the fourth quarter. Costello Asset Management INC now owns 84,444 shares of the transportation company’s stock worth $2,928,000 after acquiring an additional 19,700 shares during the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CSX. Raymond James boosted their price target on CSX from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Tuesday, January 16th. BMO Capital Markets raised their price target on CSX from $37.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. StockNews.com cut CSX from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Susquehanna increased their price objective on shares of CSX from $42.00 to $44.00 and gave the stock a “positive” rating in a report on Thursday, March 28th. Finally, Benchmark boosted their target price on shares of CSX from $38.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, CSX currently has an average rating of “Moderate Buy” and an average price target of $37.28.

Check Out Our Latest Report on CSX

CSX Stock Down 0.3 %

NASDAQ CSX opened at $35.34 on Monday. The company has a quick ratio of 0.91, a current ratio of 1.05 and a debt-to-equity ratio of 1.48. CSX Co. has a fifty-two week low of $29.03 and a fifty-two week high of $40.12. The business has a 50 day moving average price of $37.11 and a two-hundred day moving average price of $34.26. The stock has a market cap of $69.18 billion, a PE ratio of 19.21, a P/E/G ratio of 2.04 and a beta of 1.18.

CSX (NASDAQ:CSXGet Free Report) last announced its earnings results on Tuesday, January 23rd. The transportation company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.01. The business had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.63 billion. CSX had a net margin of 25.35% and a return on equity of 30.52%. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.49 earnings per share. As a group, sell-side analysts predict that CSX Co. will post 1.97 EPS for the current fiscal year.

CSX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given a $0.12 dividend. This is a boost from CSX’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Wednesday, February 28th. CSX’s dividend payout ratio is presently 26.09%.

CSX Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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