Lee Danner & Bass Inc. Makes New $177,000 Investment in CSX Co. (NASDAQ:CSX)

Lee Danner & Bass Inc. bought a new position in shares of CSX Co. (NASDAQ:CSX) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 5,494 shares of the transportation company’s stock, valued at approximately $177,000.

Several other institutional investors also recently made changes to their positions in the stock. Antonelli Financial Advisors LLC purchased a new stake in shares of CSX during the 4th quarter worth $325,000. Whittier Trust Co. of Nevada Inc. boosted its position in shares of CSX by 6.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 9,193 shares of the transportation company’s stock worth $297,000 after purchasing an additional 522 shares in the last quarter. Douglass Winthrop Advisors LLC boosted its position in shares of CSX by 70.6% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 58,311 shares of the transportation company’s stock worth $1,882,000 after purchasing an additional 24,135 shares in the last quarter. HUB Investment Partners LLC boosted its position in shares of CSX by 8.5% during the 4th quarter. HUB Investment Partners LLC now owns 8,842 shares of the transportation company’s stock worth $285,000 after purchasing an additional 689 shares in the last quarter. Finally, Wilkins Investment Counsel Inc. boosted its position in shares of CSX by 32.5% during the 4th quarter. Wilkins Investment Counsel Inc. now owns 31,000 shares of the transportation company’s stock worth $1,000,000 after purchasing an additional 7,600 shares in the last quarter. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on CSX shares. BMO Capital Markets decreased their price objective on shares of CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. Citigroup decreased their price objective on shares of CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. JPMorgan Chase & Co. decreased their price objective on shares of CSX from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Loop Capital lowered shares of 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 research report on Monday, February 3rd. Finally, Barclays cut their target price on shares of CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $37.00.

CSX Trading Down 1.4 %

NASDAQ CSX opened at $29.57 on Friday. The company has a 50-day moving average of $32.03 and a 200-day moving average of $33.36. The company has a market cap of $56.02 billion, a P/E ratio of 16.52, a P/E/G ratio of 1.92 and a beta of 1.25. CSX Co. has a 12 month low of $28.98 and a 12 month high of $38.03. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23.

CSX (NASDAQ:CSX) last posted 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%. As a group, equities analysts predict that CSX Co. will post 1.83 earnings per share for the current year.

CSX Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from CSX’s previous quarterly dividend of $0.12. CSX’s dividend payout ratio is 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.