CSX Corporation (NASDAQ:CSX) Stake Lifted by OneAscent Financial Services LLC

OneAscent Financial Services LLC lifted its holdings in CSX Corporation (NASDAQ:CSX - Free Report) by 105.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,898 shares of the transportation company's stock after purchasing an additional 10,233 shares during the period. OneAscent Financial Services LLC's holdings in CSX were worth $586,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP lifted its position in shares of CSX by 14.7% in the 4th quarter. Wellington Management Group LLP now owns 117,579 shares of the transportation company's stock worth $3,794,000 after purchasing an additional 15,029 shares during the period. CWA Asset Management Group LLC grew its position in shares of CSX by 15.1% during the 1st quarter. CWA Asset Management Group LLC now owns 12,514 shares of the transportation company's stock worth $368,000 after buying an additional 1,642 shares in the last quarter. Dynamic Advisor Solutions LLC grew its holdings in CSX by 9.8% in the first quarter. Dynamic Advisor Solutions LLC now owns 38,757 shares of the transportation company's stock valued at $1,141,000 after purchasing an additional 3,458 shares during the period. Farther Finance Advisors LLC lifted its position in CSX by 61.4% during the first quarter. Farther Finance Advisors LLC now owns 14,154 shares of the transportation company's stock worth $418,000 after buying an additional 5,382 shares in the last quarter. Finally, Cercano Management LLC acquired a new position in CSX during the 4th quarter worth about $4,869,000. Institutional investors own 73.57% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on CSX. TD Cowen upgraded CSX from a "hold" rating to a "buy" rating and raised their target price for the company from $32.00 to $45.00 in a report on Monday. Robert W. Baird began coverage on shares of CSX in a research report on Tuesday, July 1st. They set an "outperform" rating and a $38.00 target price for the company. Raymond James Financial increased their price target on shares of CSX from $33.00 to $37.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. BMO Capital Markets decreased their price target on shares of CSX from $36.00 to $35.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. Finally, Argus set a $32.00 price target on shares of CSX in a research report on Friday, April 25th. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, CSX has an average rating of "Moderate Buy" and an average price target of $35.59.

CSX Trading Down 0.1%

NASDAQ CSX opened at $34.36 on Tuesday. The firm's fifty day moving average price is $32.27 and its 200 day moving average price is $31.15. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.88 and a quick ratio of 0.75. The company has a market capitalization of $64.55 billion, a price-to-earnings ratio of 20.57, a price-to-earnings-growth ratio of 3.08 and a beta of 1.23. CSX Corporation has a 12 month low of $26.22 and a 12 month high of $37.10.

CSX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders 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 annualized dividend and a dividend yield of 1.51%. CSX's payout ratio is 31.14%.

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.

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