Willner & Heller LLC Makes New $266,000 Investment in CSX Co. (NASDAQ:CSX)

Willner & Heller LLC acquired a new stake in CSX Co. (NASDAQ:CSX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,658 shares of the transportation company’s stock, valued at approximately $266,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CSX. Fortitude Family Office LLC purchased a new position in shares of CSX in the fourth quarter valued at approximately $27,000. Life Planning Partners Inc acquired a new stake in CSX in the fourth quarter valued at approximately $27,000. Turtle Creek Wealth Advisors LLC acquired a new stake in CSX in the fourth quarter valued at approximately $34,000. Burkett Financial Services LLC acquired a new stake in CSX in the fourth quarter valued at approximately $34,000. Finally, Avion Wealth raised its holdings in CSX by 450.5% in the fourth quarter. Avion Wealth now owns 1,002 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 820 shares in the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Stock Performance

Shares of CSX stock traded down $0.35 during trading on Friday, reaching $32.18. The company’s stock had a trading volume of 13,292,007 shares, compared to its average volume of 9,948,660. The company has a 50-day moving average price of $33.87 and a two-hundred day moving average price of $35.15. The firm has a market cap of $62.91 billion, a PE ratio of 17.68, a P/E/G ratio of 1.67 and a beta of 1.19. CSX Co. has a fifty-two week low of $29.03 and a fifty-two week high of $40.12. The company has a current ratio of 1.15, a quick ratio of 1.00 and a debt-to-equity ratio of 1.42.

CSX (NASDAQ:CSX) last announced its earnings results on Wednesday, April 17th. The transportation company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. CSX had a net margin of 24.75% and a return on equity of 29.58%. The business had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.66 billion. During the same period in the previous year, the company posted $0.48 EPS. The company’s quarterly revenue was down .8% on a year-over-year basis. On average, analysts forecast that CSX Co. will post 1.96 EPS for the current year.

CSX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a $0.12 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.48 dividend on an annualized basis and a yield of 1.49%. CSX’s dividend payout ratio (DPR) is 26.37%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CSX shares. UBS Group reduced their target price on shares of CSX from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Bank of America reduced their target price on shares of CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Susquehanna raised their target price on shares of CSX from $42.00 to $44.00 and gave the company a “positive” rating in a report on Thursday, March 28th. Royal Bank of Canada reduced their target price on shares of CSX from $37.00 to $36.00 and set a “sector perform” rating on the stock in a report on Thursday, April 18th. Finally, Wells Fargo & Company assumed coverage on shares of CSX in a report on Friday, June 7th. They set an “equal weight” rating and a $35.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $37.82.

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.