Sequoia Financial Advisors LLC Has $4.08 Million Stake in CSX Co. (NASDAQ:CSX)

Sequoia Financial Advisors LLC grew its holdings in shares of CSX Co. (NASDAQ:CSX) by 10.4% in the 4th quarter, Holdings Channel reports. The fund owned 126,446 shares of the transportation company’s stock after buying an additional 11,923 shares during the period. Sequoia Financial Advisors LLC’s holdings in CSX were worth $4,080,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Valley Wealth Managers Inc. grew its holdings in shares of CSX by 177.8% during the third 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 last quarter. SBI Securities Co. Ltd. bought a new stake in shares of CSX during the fourth quarter worth about $31,000. Sierra Ocean LLC bought a new stake in shares of CSX during the fourth quarter worth about $33,000. Center for Financial Planning Inc. grew its holdings in shares of CSX by 205.7% during the fourth quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company’s stock worth $35,000 after purchasing an additional 720 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of CSX during the fourth quarter worth about $39,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Citigroup reduced their price target on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Barclays reduced their target price on CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Robert W. Baird reduced their target price on CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft started coverage on CSX in a report on Friday, March 7th. They issued a “hold” rating and a $34.00 target price on the stock. Finally, Susquehanna reduced their target price on CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $37.00.

CSX Trading Down 1.4 %

NASDAQ CSX opened at $29.13 on Friday. The firm has a market capitalization of $55.19 billion, a P/E ratio of 16.27, a PEG ratio of 1.92 and a beta of 1.25. The business has a fifty day simple moving average of $32.28 and a 200 day simple moving average of $33.52. CSX Co. has a 12 month low of $28.98 and a 12 month high of $38.03. 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 (NASDAQ:CSX) last released 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 net margin of 23.95% and a return on equity of 28.15%. On average, analysts predict that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.13 dividend. This is a positive change from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Friday, February 28th. CSX’s dividend payout ratio is presently 29.05%.

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.