51,323 Shares in CSX Co. (NASDAQ:CSX) Bought by Curat Global LLC

Curat Global LLC bought a new position in shares of CSX Co. (NASDAQ:CSX - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 51,323 shares of the transportation company's stock, valued at approximately $1,510,000. CSX comprises 1.8% of Curat Global LLC's portfolio, making the stock its 8th largest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of CSX during the fourth quarter valued at about $27,000. Accredited Wealth Management LLC acquired a new position in CSX in the fourth quarter worth about $29,000. Fourth Dimension Wealth LLC acquired a new position in CSX in the fourth quarter worth about $29,000. SBI Securities Co. Ltd. acquired a new position in CSX in the fourth quarter worth about $31,000. Finally, Sierra Ocean LLC acquired a new position in CSX in the fourth quarter worth about $33,000. Institutional investors and hedge funds own 73.57% of the company's stock.

CSX Trading Up 1.5%

CSX stock traded up $0.49 during midday trading on Friday, reaching $32.23. The company's stock had a trading volume of 16,163,880 shares, compared to its average volume of 13,131,328. CSX Co. has a 52 week low of $26.22 and a 52 week high of $37.10. The stock has a market cap of $60.55 billion, a PE ratio of 18.01, a price-to-earnings-growth ratio of 1.92 and a beta of 1.24. 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 business's 50-day simple moving average is $29.28 and its 200-day simple moving average is $31.39.

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

CSX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.13 per share. The ex-dividend date is Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.61%. CSX's dividend payout ratio is 31.14%.

Analyst Ratings Changes

Several research analysts recently issued reports on CSX shares. Raymond James reissued an "outperform" rating and issued a $33.00 price target (down previously from $34.00) on shares of CSX in a research report on Thursday, April 17th. Citigroup dropped their price target on shares of CSX from $39.00 to $36.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Evercore ISI decreased their price objective on shares of CSX from $35.00 to $33.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. UBS Group decreased 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, Benchmark reaffirmed a "buy" rating and set a $35.00 price objective on shares of CSX in a research note on Thursday, April 17th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $33.95.

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.