Yoffe Investment Management LLC Makes New Investment in CSX Co. (NASDAQ:CSX)

Yoffe Investment Management LLC purchased a new stake in CSX Co. (NASDAQ:CSX - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 31,770 shares of the transportation company's stock, valued at approximately $1,025,000. CSX accounts for about 1.5% of Yoffe Investment Management LLC's investment portfolio, making the stock its 14th largest holding.

A number of other institutional investors have also added to or reduced their stakes in the stock. Marshall & Sterling Wealth Advisors Inc. purchased a new position in CSX during the fourth quarter worth about $27,000. Accredited Wealth Management LLC bought a new position in shares of CSX in the fourth quarter worth approximately $29,000. Fourth Dimension Wealth LLC purchased a new stake in CSX in the fourth quarter valued at approximately $29,000. SBI Securities Co. Ltd. bought a new stake in CSX during the fourth quarter valued at approximately $31,000. Finally, Sierra Ocean LLC purchased a new position in CSX in the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 73.57% of the company's stock.

CSX Price Performance

CSX traded up $0.08 during trading on Thursday, hitting $31.42. 15,013,334 shares of the company traded hands, compared to its average volume of 13,004,903. The company has a market cap of $59.02 billion, a PE ratio of 17.55, a P/E/G ratio of 1.92 and a beta of 1.22. CSX Co. has a 1 year low of $26.22 and a 1 year high of $37.10. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The stock's 50-day simple moving average is $28.99 and its two-hundred day simple moving average is $31.58.

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

CSX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Friday, May 30th. CSX's dividend payout ratio (DPR) is currently 31.14%.

Analysts Set New Price Targets

A number of research firms have weighed in on CSX. Stifel Nicolaus lowered their price target on CSX from $37.00 to $34.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Barclays reduced their price objective on CSX from $35.00 to $31.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of CSX in a report on Friday, March 7th. They issued a "hold" rating and a $34.00 target price on the stock. Wells Fargo & Company dropped their target price on shares of CSX from $31.00 to $28.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Finally, Royal Bank of Canada reduced their price target on CSX from $31.00 to $30.00 and set a "sector perform" rating on the stock in a report on Thursday, April 17th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $33.90.

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.