FAS Wealth Partners Inc. Invests $203,000 in CSX Co. (NASDAQ:CSX)

FAS Wealth Partners Inc. bought a new position in CSX Co. (NASDAQ:CSXFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,858 shares of the transportation company’s stock, valued at approximately $203,000.

A number of other hedge funds have also modified their holdings of CSX. Fortitude Family Office LLC acquired a new position in shares of CSX in the 4th quarter worth $27,000. Life Planning Partners Inc acquired a new position in shares of CSX in the 4th quarter worth $27,000. Fortis Capital Advisors LLC acquired a new position in shares of CSX in the 4th quarter worth $27,000. Venturi Wealth Management LLC grew its holdings in shares of CSX by 228.4% during the third quarter. Venturi Wealth Management LLC now owns 995 shares of the transportation company’s stock valued at $31,000 after buying an additional 692 shares in the last quarter. Finally, Janiczek Wealth Management LLC grew its holdings in shares of CSX by 897.2% during the third quarter. Janiczek Wealth Management LLC now owns 1,067 shares of the transportation company’s stock valued at $33,000 after buying an additional 960 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Stock Performance

NASDAQ:CSX opened at $36.51 on Wednesday. CSX Co. has a 1 year low of $29.03 and a 1 year high of $40.12. The firm’s fifty day simple moving average is $37.03 and its 200 day simple moving average is $33.94. The company has a current ratio of 1.05, a quick ratio of 0.91 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $71.47 billion, a PE ratio of 19.84, a PEG ratio of 2.15 and a beta of 1.18.

CSX (NASDAQ:CSXGet Free Report) last posted its earnings results on Tuesday, January 23rd. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. CSX had a net margin of 25.35% and a return on equity of 30.52%. The business had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.63 billion. During the same period last year, the business posted $0.49 EPS. CSX’s revenue was down 1.3% compared to the same quarter last year. On average, sell-side analysts anticipate that CSX Co. will post 1.96 EPS for the current year.

CSX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This is a positive change from CSX’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a yield of 1.31%. CSX’s dividend payout ratio (DPR) is presently 26.09%.

Analyst Ratings Changes

CSX has been the subject of a number of research reports. Raymond James raised their price objective on CSX from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 16th. Benchmark reaffirmed a “buy” rating and set a $38.00 price objective on shares of CSX in a research report on Thursday, January 25th. StockNews.com lowered shares of CSX from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $34.00 price objective on shares of CSX in a research note on Thursday, January 25th. Finally, Susquehanna upped their price objective on shares of CSX from $42.00 to $44.00 and gave the company a “positive” rating in a research note on Thursday, March 28th. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $36.88.

Get Our Latest Research Report on CSX

CSX Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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