Cetera Investment Advisers Has $13.14 Million Stake in CSX Co. (NASDAQ:CSX)

Cetera Investment Advisers lifted its holdings in CSX Co. (NASDAQ:CSX - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 407,245 shares of the transportation company's stock after purchasing an additional 10,913 shares during the period. Cetera Investment Advisers' holdings in CSX were worth $13,142,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CSX. Marshall & Sterling Wealth Advisors Inc. bought a new position in CSX in the 4th quarter worth $27,000. Accredited Wealth Management LLC bought a new position in shares of CSX during the 4th quarter worth about $29,000. SBI Securities Co. Ltd. bought a new position in shares of CSX during the 4th quarter worth about $31,000. Sierra Ocean LLC bought a new position in shares of CSX during the 4th quarter worth about $33,000. Finally, Kayne Anderson Rudnick Investment Management LLC increased its stake in CSX by 219.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,040 shares of the transportation company's stock valued at $34,000 after acquiring an additional 714 shares during the period. Institutional investors and hedge funds own 73.57% of the company's stock.

CSX Stock Performance

Shares of NASDAQ CSX traded up $0.49 during mid-day trading on Wednesday, reaching $31.03. 21,881,532 shares of the company were exchanged, compared to its average volume of 12,815,213. The company's 50-day simple moving average is $28.76 and its 200-day simple moving average is $31.81. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $58.29 billion, a P/E ratio of 17.34, a P/E/G ratio of 1.92 and a beta of 1.22. CSX Co. has a twelve month low of $26.22 and a twelve month high of $37.10.

CSX (NASDAQ:CSX - Get Free Report) last posted its earnings results on Wednesday, April 16th. The transportation company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.53 billion. CSX had a return on equity of 28.15% and a net margin of 23.95%. As a group, research analysts predict that CSX Co. will post 1.83 earnings per share for the current year.

CSX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Friday, May 30th. CSX's dividend payout ratio is presently 31.14%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Stifel Nicolaus lowered their target price on shares of CSX from $37.00 to $34.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Citigroup lowered their target price on shares of CSX from $39.00 to $36.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. lowered their price objective on shares of CSX from $38.00 to $37.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. BMO Capital Markets decreased their target price on shares of CSX from $36.00 to $35.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. Finally, Robert W. Baird decreased their target price on shares of CSX from $39.00 to $38.00 and set an "outperform" rating for the company in a research report on Friday, January 24th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.90.

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.