New Age Alpha Advisors LLC Purchases 86,180 Shares of CSX Corporation (NASDAQ:CSX)

New Age Alpha Advisors LLC boosted its position in shares of CSX Corporation (NASDAQ:CSX - Free Report) by 33,664.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,436 shares of the transportation company's stock after acquiring an additional 86,180 shares during the period. New Age Alpha Advisors LLC's holdings in CSX were worth $2,544,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Marshall & Sterling Wealth Advisors Inc. acquired a new position in CSX during the fourth quarter worth $27,000. Rossby Financial LCC bought a new stake in CSX during the first quarter worth about $28,000. Accredited Wealth Management LLC acquired a new stake in shares of CSX during the fourth quarter worth approximately $29,000. Fourth Dimension Wealth LLC acquired a new stake in shares of CSX during the fourth quarter worth approximately $29,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in shares of CSX in the first quarter valued at approximately $30,000. Institutional investors and hedge funds own 73.57% of the company's stock.

Analysts Set New Price Targets

CSX has been the topic of a number of research analyst reports. Sanford C. Bernstein restated a "market perform" rating and set a $36.00 price target (up from $33.00) on shares of CSX in a research report on Tuesday, July 8th. Wall Street Zen upgraded CSX from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $35.00 price target on shares of CSX in a report on Monday, June 2nd. Benchmark increased their price objective on shares of CSX from $37.00 to $40.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Finally, TD Cowen raised shares of CSX from a "hold" rating to a "buy" rating and boosted their target price for the stock from $32.00 to $45.00 in a research note on Monday, July 21st. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $37.00.

CSX Trading Up 0.5%

CSX traded up $0.18 during mid-day trading on Friday, hitting $35.43. The stock had a trading volume of 10,864,400 shares, compared to its average volume of 21,548,876. The stock's fifty day simple moving average is $33.56 and its 200-day simple moving average is $31.47. The firm has a market capitalization of $66.05 billion, a price-to-earnings ratio of 21.87, a price-to-earnings-growth ratio of 2.63 and a beta of 1.25. CSX Corporation has a 1-year low of $26.22 and a 1-year high of $37.10. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.77 and a quick ratio of 0.63.

CSX (NASDAQ:CSX - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The transportation company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02. CSX had a return on equity of 25.48% and a net margin of 21.92%. The firm had revenue of $3.57 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same period in the previous year, the company posted $0.49 earnings per share. The company's revenue for the quarter was down 3.5% on a year-over-year basis. As a group, research analysts forecast that CSX Corporation will post 1.83 EPS for the current fiscal year.

CSX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.52 dividend on an annualized basis and a yield of 1.5%. CSX's payout ratio is presently 32.10%.

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.