Wallace Advisory Group LLC Acquires 1,114 Shares of CSX Co. (NASDAQ:CSX)

Wallace Advisory Group LLC raised its holdings in shares of CSX Co. (NASDAQ:CSX) by 10.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 11,928 shares of the transportation company’s stock after acquiring an additional 1,114 shares during the period. Wallace Advisory Group LLC’s holdings in CSX were worth $385,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of CSX during the 4th quarter valued at $27,000. Accredited Wealth Management LLC bought a new stake in shares of CSX during the 4th quarter valued at $29,000. Fourth Dimension Wealth LLC acquired a new position in shares of CSX in the 4th quarter valued at $29,000. SBI Securities Co. Ltd. bought a new stake in shares of CSX in the 4th quarter valued at $31,000. Finally, Sierra Ocean LLC bought a new stake in shares of CSX in the 4th quarter valued at $33,000. Institutional investors own 73.57% of the company’s stock.

CSX Price Performance

Shares of NASDAQ CSX opened at $31.50 on Friday. The firm has a market cap of $59.17 billion, a PE ratio of 17.60, a PEG ratio of 1.92 and a beta of 1.22. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. CSX Co. has a 1-year low of $26.22 and a 1-year high of $37.10. The company has a fifty day moving average price of $29.06 and a 200 day moving average price of $31.48.

CSX (NASDAQ:CSX) last announced its earnings results on Wednesday, April 16th. The transportation company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). CSX had a return on equity of 28.15% and a net margin of 23.95%. The company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.53 billion. Research analysts predict that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.13 per share. The ex-dividend date is Friday, May 30th. This represents a $0.52 annualized dividend and a yield of 1.65%. CSX’s dividend payout ratio (DPR) is presently 31.14%.

Analyst Ratings Changes

CSX has been the subject of a number of recent analyst reports. Susquehanna lowered their price objective on shares of CSX from $37.00 to $35.00 and set a “positive” rating for the company in a research report on Thursday, April 17th. Evercore ISI lowered their price objective on shares of CSX from $35.00 to $33.00 and set an “outperform” rating for the company in a research report on Thursday, April 17th. Wells Fargo & Company lowered their price objective on shares of CSX from $31.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, April 17th. Citigroup lowered their price objective on shares of CSX from $39.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Finally, UBS Group lowered their price objective on shares of CSX from $36.00 to $34.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Seven 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.90.

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.