Farther Finance Advisors LLC Buys 518 Shares of CSX Co. (NASDAQ:CSX)

Farther Finance Advisors LLC boosted its stake in CSX Co. (NASDAQ:CSX) by 6.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,772 shares of the transportation company’s stock after purchasing an additional 518 shares during the period. Farther Finance Advisors LLC’s holdings in CSX were worth $283,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. SBI Securities Co. Ltd. bought a new stake in shares of CSX during the 4th quarter valued at $31,000. Sierra Ocean LLC bought a new stake in shares of CSX during the 4th quarter valued at $33,000. Center for Financial Planning Inc. grew its position in shares of CSX by 205.7% during the 4th quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 720 shares during the period. Wingate Wealth Advisors Inc. bought a new stake in shares of CSX during the 4th quarter valued at $39,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of CSX during the 4th quarter valued at $39,000. Institutional investors own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CSX shares. Citigroup lowered their target price on shares of CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. BMO Capital Markets lowered their target price on shares of CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, January 24th. Wells Fargo & Company lowered their target price on shares of CSX from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft started coverage on shares of CSX in a research note on Friday, March 7th. They set a “hold” rating and a $34.00 target price on the stock. Finally, Royal Bank of Canada lowered their target price on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research note on Friday, January 24th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, CSX currently has an average rating of “Moderate Buy” and a consensus target price of $37.00.

CSX Stock Down 0.2 %

Shares of NASDAQ CSX opened at $30.26 on Wednesday. The firm’s 50-day moving average price is $32.16 and its 200-day moving average price is $33.44. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $57.33 billion, a price-to-earnings ratio of 16.91, 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.

CSX (NASDAQ:CSX) last issued its quarterly 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 net margin of 23.95% and a return on equity of 28.15%. On average, equities research analysts anticipate that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.72%. This is an increase from CSX’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, February 28th. 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.