Wealthspire Advisors LLC Has $934,000 Stock Position in CSX Co. (NASDAQ:CSX)

Wealthspire Advisors LLC grew its stake in shares of CSX Co. (NASDAQ:CSX) by 7.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,948 shares of the transportation company’s stock after purchasing an additional 2,021 shares during the quarter. Wealthspire Advisors LLC’s holdings in CSX were worth $934,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Diversified Trust Co increased its position in shares of CSX by 180.7% during the 4th quarter. Diversified Trust Co now owns 72,197 shares of the transportation company’s stock worth $2,330,000 after purchasing an additional 46,473 shares during the last quarter. Marshall Financial Group LLC bought a new position in shares of CSX during the 4th quarter worth approximately $1,084,000. Thrivent Financial for Lutherans boosted its stake in shares of CSX by 0.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 3,374,499 shares of the transportation company’s stock worth $116,521,000 after acquiring an additional 24,430 shares during the period. Carnegie Investment Counsel boosted its stake in shares of CSX by 1.4% during the 4th quarter. Carnegie Investment Counsel now owns 612,051 shares of the transportation company’s stock worth $19,751,000 after acquiring an additional 8,474 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of CSX by 3.4% during the 3rd quarter. Principal Financial Group Inc. now owns 2,348,543 shares of the transportation company’s stock worth $81,095,000 after acquiring an additional 77,488 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Price Performance

Shares of NASDAQ CSX opened at $32.09 on Wednesday. The stock has a market capitalization of $61.88 billion, a PE ratio of 17.93, a P/E/G ratio of 1.92 and a beta of 1.23. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. The business has a fifty day moving average price of $32.59 and a two-hundred day moving average price of $33.74. CSX Co. has a fifty-two week low of $31.43 and a fifty-two week high of $38.70.

CSX (NASDAQ:CSX) last posted its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. As a group, equities analysts predict that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.13 per share. The ex-dividend date is Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.62%. This is a boost from CSX’s previous quarterly dividend of $0.12. CSX’s payout ratio is 29.05%.

Analysts Set New Price Targets

CSX has been the subject of several research analyst reports. Raymond James reiterated an “outperform” rating and set a $37.00 target price (down from $38.00) on shares of CSX in a research note on Friday, January 24th. Citigroup reduced their target price on CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, January 24th. BMO Capital Markets reduced their target price on CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, January 24th. Royal Bank of Canada reduced their price target on CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a research note on Friday, January 24th. Finally, Robert W. Baird reduced their price target on CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, January 24th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $37.16.

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.