Lowe Brockenbrough & Co. Inc. Has $946,000 Stock Position in CSX Co. (NASDAQ:CSX)

Lowe Brockenbrough & Co. Inc. cut its stake in shares of CSX Co. (NASDAQ:CSX) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,318 shares of the transportation company’s stock after selling 448 shares during the period. Lowe Brockenbrough & Co. Inc.’s holdings in CSX were worth $946,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Avior Wealth Management LLC raised its stake in CSX by 2.5% in the 3rd quarter. Avior Wealth Management LLC now owns 11,790 shares of the transportation company’s stock worth $407,000 after purchasing an additional 293 shares in the last quarter. Rehmann Capital Advisory Group raised its position in shares of CSX by 1.3% in the third quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company’s stock valued at $830,000 after buying an additional 306 shares in the last quarter. Associated Banc Corp boosted its stake in shares of CSX by 0.6% in the third quarter. Associated Banc Corp now owns 55,534 shares of the transportation company’s stock valued at $1,918,000 after buying an additional 310 shares during the period. Joel Isaacson & Co. LLC grew its position in CSX by 2.4% during the fourth quarter. Joel Isaacson & Co. LLC now owns 13,036 shares of the transportation company’s stock worth $421,000 after buying an additional 310 shares in the last quarter. Finally, Patrick M Sweeney & Associates Inc. increased its stake in CSX by 1.0% during the 4th quarter. Patrick M Sweeney & Associates Inc. now owns 31,827 shares of the transportation company’s stock worth $1,027,000 after acquiring an additional 313 shares during the period. Institutional investors own 73.57% of the company’s stock.

CSX Price Performance

CSX stock opened at $29.57 on Friday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. CSX Co. has a 52-week low of $28.98 and a 52-week high of $38.03. The company has a market capitalization of $56.02 billion, a P/E ratio of 16.52, a PEG ratio of 1.92 and a beta of 1.25. The company has a fifty day moving average price of $32.03 and a 200-day moving average price of $33.36.

CSX (NASDAQ:CSX) last announced its earnings results on Thursday, January 23rd. The transportation company reported $0.42 EPS 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 expect that CSX Co. will post 1.83 EPS for the current year.

CSX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.13 per share. This is a positive change from CSX’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, February 28th. This represents a $0.52 annualized dividend and a yield of 1.76%. CSX’s dividend payout ratio (DPR) is presently 29.05%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Stephens reissued an “overweight” rating and set a $38.00 target price on shares of CSX in a report on Friday, January 24th. Susquehanna reduced their price objective on shares of CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Robert W. Baird dropped their target price on shares of CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, January 24th. Barclays reduced their price target on shares of CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Finally, Raymond James restated an “outperform” rating and set a $37.00 price objective (down from $38.00) on shares of CSX in a research report on Friday, January 24th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CSX has an average rating of “Moderate Buy” and a consensus target price of $37.00.

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.