CSX Co. (NASDAQ:CSX) Shares Acquired by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. grew its stake in CSX Co. (NASDAQ:CSX) by 56.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,043 shares of the transportation company’s stock after purchasing an additional 7,912 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in CSX were worth $764,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of CSX. Lazard Asset Management LLC raised its stake in CSX by 10.4% during the third quarter. Lazard Asset Management LLC now owns 29,191,044 shares of the transportation company’s stock worth $897,624,000 after acquiring an additional 2,748,738 shares during the period. Morgan Stanley raised its stake in CSX by 3.1% during the third quarter. Morgan Stanley now owns 24,340,514 shares of the transportation company’s stock worth $748,471,000 after acquiring an additional 739,411 shares during the period. Northern Trust Corp raised its stake in CSX by 1.4% during the third quarter. Northern Trust Corp now owns 21,307,242 shares of the transportation company’s stock worth $655,198,000 after acquiring an additional 303,684 shares during the period. Charles Schwab Investment Management Inc. raised its stake in CSX by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 11,082,663 shares of the transportation company’s stock worth $340,792,000 after acquiring an additional 56,856 shares during the period. Finally, Maj Invest Holding A S raised its stake in CSX by 19.8% during the third quarter. Maj Invest Holding A S now owns 8,383,233 shares of the transportation company’s stock worth $257,785,000 after acquiring an additional 1,383,086 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Stock Up 0.8 %

CSX stock opened at $34.62 on Tuesday. CSX Co. has a 12 month low of $29.03 and a 12 month high of $40.12. The firm has a market cap of $67.68 billion, a PE ratio of 19.02, a P/E/G ratio of 2.05 and a beta of 1.18. The firm has a 50 day simple moving average of $36.83 and a 200 day simple moving average of $34.43. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.15 and a quick ratio of 1.00.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Wednesday, April 17th. The transportation company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.45 by $0.01. The business had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.66 billion. CSX had a net margin of 24.75% and a return on equity of 29.58%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.48 EPS. Equities research analysts forecast that CSX Co. will post 1.95 earnings per share for the current fiscal year.

CSX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.39%. The ex-dividend date was Wednesday, February 28th. This is an increase from CSX’s previous quarterly dividend of $0.11. CSX’s dividend payout ratio is 26.37%.

Wall Street Analyst Weigh In

CSX has been the subject of several recent analyst reports. Susquehanna upped their target price on shares of CSX from $42.00 to $44.00 and gave the stock a “positive” rating in a research report on Thursday, March 28th. TD Cowen upped their target price on shares of CSX from $32.00 to $36.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. BMO Capital Markets upped their target price on shares of CSX from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Jefferies Financial Group decreased their target price on shares of CSX from $40.00 to $38.00 and set a “hold” rating for the company in a research report on Thursday, April 18th. Finally, Stifel Nicolaus increased their price objective on shares of CSX from $37.00 to $39.00 and gave the company a “buy” rating in a report on Friday, April 12th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $38.00.

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.