CSX Co. (NASDAQ:CSX) Shares Acquired by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. lifted its stake in shares of CSX Co. (NASDAQ:CSX) by 544.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,200 shares of the transportation company’s stock after purchasing an additional 11,153 shares during the quarter. SRS Capital Advisors Inc.’s holdings in CSX were worth $426,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Valley Wealth Managers Inc. raised its position in shares of CSX by 177.8% during the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after purchasing an additional 480 shares during the period. Sierra Ocean LLC bought a new position in CSX in the 4th quarter worth approximately $33,000. Center for Financial Planning Inc. grew its holdings in CSX by 205.7% in the 4th quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company’s stock worth $35,000 after buying an additional 720 shares in the last quarter. Addison Advisors LLC grew its holdings in CSX by 348.5% in the 3rd quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock worth $36,000 after buying an additional 812 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new position in CSX in the 4th quarter worth approximately $39,000. 73.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Jefferies Financial Group raised CSX from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Friday, January 10th. Robert W. Baird decreased their price objective on CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, January 24th. Loop Capital lowered CSX from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $40.00 to $34.00 in a report on Monday, February 3rd. Barclays decreased their price objective on CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Finally, Stephens reissued an “overweight” rating and issued a $38.00 price objective on shares of CSX in a report on Friday, January 24th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $37.16.

CSX Stock Performance

CSX opened at $31.93 on Tuesday. The firm has a market cap of $61.57 billion, a PE ratio of 17.84, a P/E/G ratio of 1.92 and a beta of 1.23. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. The business has a fifty day simple moving average of $32.59 and a 200-day simple moving average of $33.69. CSX Co. has a fifty-two week low of $31.43 and a fifty-two week high of $38.61.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing the consensus estimate 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 EPS for the current fiscal year.

CSX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.63%. This is a positive change from CSX’s previous quarterly dividend of $0.12. CSX’s dividend payout ratio is presently 29.05%.

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.