First Horizon Advisors Inc. Purchases 585 Shares of CSX Co. (NASDAQ:CSX)

First Horizon Advisors Inc. increased its stake in shares of CSX Co. (NASDAQ:CSX – Get Rating) by 1.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 52,578 shares of the transportation company’s stock after purchasing an additional 585 shares during the quarter. First Horizon Advisors Inc.’s holdings in CSX were worth $1,629,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. WFA of San Diego LLC bought a new position in CSX during the 4th quarter worth approximately $26,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of CSX during the fourth quarter valued at approximately $32,000. Centerpoint Advisors LLC purchased a new position in shares of CSX during the fourth quarter valued at approximately $46,000. Bourgeon Capital Management LLC purchased a new position in shares of CSX during the fourth quarter valued at approximately $54,000. Finally, Mondrian Investment Partners LTD purchased a new position in shares of CSX during the fourth quarter valued at approximately $57,000. 72.91% of the stock is currently owned by institutional investors.

CSX Stock Down 0.6 %

NASDAQ CSX traded down $0.20 during midday trading on Friday, hitting $30.72. 4,227,831 shares of the company traded hands, compared to its average volume of 13,236,267. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.45 and a quick ratio of 1.28. The company has a market cap of $62.46 billion, a PE ratio of 15.23, a price-to-earnings-growth ratio of 2.18 and a beta of 1.23. The company’s 50-day simple moving average is $30.56 and its 200-day simple moving average is $31.02. CSX Co. has a 52 week low of $25.80 and a 52 week high of $34.71.

CSX (NASDAQ:CSX – Get Rating) last announced its earnings results on Thursday, April 20th. The transportation company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.05. The business had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.58 billion. CSX had a return on equity of 33.01% and a net margin of 28.35%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 EPS. As a group, equities research analysts forecast that CSX Co. will post 1.94 earnings per share for the current year.

CSX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st will be given a dividend of $0.11 per share. The ex-dividend date is Tuesday, May 30th. This represents a $0.44 annualized dividend and a yield of 1.43%. CSX’s dividend payout ratio (DPR) is presently 21.67%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CSX shares. StockNews.com upgraded CSX from a “hold” rating to a “buy” rating in a research report on Thursday. Bank of America lifted their price target on CSX from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, April 21st. Evercore ISI boosted their target price on CSX from $33.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, April 21st. Cowen boosted their price target on CSX from $33.00 to $35.00 and gave the stock a “market perform” rating in a research note on Thursday, January 26th. Finally, Susquehanna boosted their price target on CSX from $32.00 to $34.00 and gave the stock a “neutral” rating in a research note on Friday, April 21st. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, CSX presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.76.

CSX Profile

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CSX Corp. engages in the provision of rail-based freight transportation services. Its services include rail service, the transport of intermodal containers and trailers, rail-to-truck transfers and bulk commodity operations. The company was founded in 1827 and is headquartered in Jacksonville, FL.