CSX Co. (NASDAQ:CSX) Shares Acquired by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC increased its stake in CSX Co. (NASDAQ:CSX - Free Report) by 64.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,687 shares of the transportation company's stock after buying an additional 11,636 shares during the period. Snowden Capital Advisors LLC's holdings in CSX were worth $958,000 at the end of the most recent reporting period.

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

CSX Trading Down 0.4%

CSX stock opened at $31.21 on Tuesday. CSX Co. has a 12-month low of $26.22 and a 12-month high of $37.10. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. The stock has a market capitalization of $58.63 billion, a PE ratio of 17.44, a price-to-earnings-growth ratio of 1.92 and a beta of 1.22. The firm has a 50 day simple moving average of $28.84 and a 200-day simple moving average of $31.74.

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

CSX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Friday, May 30th. CSX's dividend payout ratio (DPR) is presently 31.14%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CSX shares. Deutsche Bank Aktiengesellschaft assumed coverage on CSX in a research note on Friday, March 7th. They set a "hold" rating and a $34.00 price objective on the stock. Royal Bank of Canada reduced their price target on shares of CSX from $31.00 to $30.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 17th. Evercore ISI decreased their price target on shares of CSX from $35.00 to $33.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. UBS Group dropped their price objective on shares of CSX from $36.00 to $34.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Finally, JPMorgan Chase & Co. decreased their target price on CSX from $38.00 to $37.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average 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.

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