CSX Co. (NASDAQ:CSX) Shares Purchased by Waverly Advisors LLC

Waverly Advisors LLC increased its stake in shares of CSX Co. (NASDAQ:CSX - Free Report) by 94.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 91,145 shares of the transportation company's stock after purchasing an additional 44,298 shares during the period. Waverly Advisors LLC's holdings in CSX were worth $2,941,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of CSX during the 4th quarter worth about $27,000. Accredited Wealth Management LLC acquired a new position in shares of CSX during the 4th quarter worth about $29,000. SBI Securities Co. Ltd. purchased a new stake in CSX during the 4th quarter valued at about $31,000. Sierra Ocean LLC purchased a new stake in CSX during the 4th quarter valued at about $33,000. Finally, Kayne Anderson Rudnick Investment Management LLC grew its stake in CSX by 219.0% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 73.57% of the company's stock.

CSX Trading Up 0.6%

Shares of CSX stock traded up $0.18 during mid-day trading on Friday, hitting $30.82. The stock had a trading volume of 21,148,953 shares, compared to its average volume of 12,943,997. The firm has a 50-day moving average of $28.91 and a two-hundred day moving average of $31.69. CSX Co. has a 12-month low of $26.22 and a 12-month high of $37.10. 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 firm has a market cap of $57.90 billion, a P/E ratio of 17.22, a price-to-earnings-growth ratio of 1.92 and a beta of 1.22.

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 the consensus estimate of $0.39 by ($0.05). CSX had a return on equity of 28.15% and a net margin of 23.95%. The company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.53 billion. Sell-side analysts forecast that CSX Co. will post 1.83 earnings per share for the current year.

CSX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.52 annualized dividend and a dividend yield of 1.69%. CSX's dividend payout ratio is currently 31.14%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CSX. Wells Fargo & Company dropped their price objective on shares of CSX from $31.00 to $28.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Robert W. Baird dropped their price objective on shares of CSX from $39.00 to $38.00 and set an "outperform" rating for the company in a research note on Friday, January 24th. UBS Group dropped their price objective on shares of CSX from $36.00 to $34.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Benchmark reaffirmed a "buy" rating and set a $35.00 price objective on shares of CSX in a research note on Thursday, April 17th. Finally, Barclays dropped their price objective on shares of CSX from $35.00 to $31.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, CSX has a consensus rating of "Moderate Buy" and a consensus price target of $33.90.

About CSX

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.