3,400 Shares in CSX Co. (NASDAQ:CSX) Acquired by Vision Financial Markets LLC

Vision Financial Markets LLC purchased a new stake in CSX Co. (NASDAQ:CSX) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 3,400 shares of the transportation company’s stock, valued at approximately $110,000.

Several other institutional investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC boosted its stake in CSX by 20.9% in the 4th quarter. Proficio Capital Partners LLC now owns 18,257 shares of the transportation company’s stock valued at $589,000 after purchasing an additional 3,159 shares during the period. Cbre Investment Management Listed Real Assets LLC boosted its stake in CSX by 19.4% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 4,295,064 shares of the transportation company’s stock valued at $138,602,000 after purchasing an additional 696,584 shares during the period. Atria Investments Inc boosted its stake in CSX by 40.2% in the 4th quarter. Atria Investments Inc now owns 96,224 shares of the transportation company’s stock valued at $3,105,000 after purchasing an additional 27,606 shares during the period. Assetmark Inc. boosted its stake in CSX by 14.8% in the 4th quarter. Assetmark Inc. now owns 424,399 shares of the transportation company’s stock valued at $13,695,000 after purchasing an additional 54,719 shares during the period. Finally, Snider Financial Group bought a new stake in CSX in the 4th quarter valued at $230,000. 73.57% of the stock is currently owned by institutional investors.

CSX Price Performance

Shares of CSX stock opened at $30.92 on Thursday. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. CSX Co. has a twelve month low of $30.62 and a twelve month high of $38.51. The company has a market cap of $59.63 billion, a P/E ratio of 17.27, a P/E/G ratio of 1.92 and a beta of 1.23. The business has a fifty day simple moving average of $32.53 and a 200 day simple moving average of $33.66.

CSX (NASDAQ:CSX) last issued its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (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%. On average, sell-side analysts forecast that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from CSX’s previous quarterly dividend of $0.12. CSX’s dividend payout ratio is presently 29.05%.

Analyst Ratings Changes

Several analysts recently issued reports on CSX shares. Loop Capital downgraded CSX from a “buy” rating to a “hold” rating and reduced their price target for the company from $40.00 to $34.00 in a research note on Monday, February 3rd. Wells Fargo & Company cut their target price on CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Jefferies Financial Group upgraded CSX from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research report on Friday, January 10th. Citigroup cut their target price on CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Finally, Susquehanna cut their target price on CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. 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 data from MarketBeat.com, CSX has a consensus rating of “Moderate Buy” and an average price target of $37.16.

About CSX

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.