Hohimer Wealth Management LLC purchased a new stake in CSX Corporation (NASDAQ:CSX - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,502 shares of the transportation company's stock, valued at approximately $221,000.
A number of other large investors have also recently modified their holdings of CSX. Portside Wealth Group LLC increased its holdings in shares of CSX by 1.3% during the 1st quarter. Portside Wealth Group LLC now owns 27,335 shares of the transportation company's stock worth $804,000 after buying an additional 361 shares during the last quarter. Ullmann Wealth Partners Group LLC increased its holdings in shares of CSX by 1.3% during the 1st quarter. Ullmann Wealth Partners Group LLC now owns 29,276 shares of the transportation company's stock worth $862,000 after buying an additional 363 shares during the last quarter. Family Legacy Inc. increased its holdings in shares of CSX by 0.6% during the 4th quarter. Family Legacy Inc. now owns 68,009 shares of the transportation company's stock worth $2,190,000 after buying an additional 375 shares during the last quarter. LRI Investments LLC increased its holdings in shares of CSX by 4.8% during the 1st quarter. LRI Investments LLC now owns 8,254 shares of the transportation company's stock worth $243,000 after buying an additional 375 shares during the last quarter. Finally, Patrick M Sweeney & Associates Inc. increased its holdings in shares of CSX by 1.2% during the 1st quarter. Patrick M Sweeney & Associates Inc. now owns 32,205 shares of the transportation company's stock worth $948,000 after buying an additional 378 shares during the last quarter. Hedge funds and other institutional investors own 73.57% of the company's stock.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the stock. Evercore ISI cut 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. Wells Fargo & Company lifted their target price on shares of CSX from $28.00 to $35.00 and gave the company an "equal weight" rating in a report on Monday, July 7th. Royal Bank Of Canada dropped their target price on shares of CSX from $31.00 to $30.00 and set a "sector perform" rating for the company in a report on Thursday, April 17th. JPMorgan Chase & Co. lifted their target price on shares of CSX from $31.00 to $34.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Finally, Bank of America lifted their target price on shares of CSX from $33.00 to $35.00 and gave the company a "neutral" rating in a report on Friday, June 13th. Nine analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, CSX currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.82.
View Our Latest Stock Report on CSX
CSX Stock Down 0.7%
Shares of CSX stock traded down $0.22 during trading on Wednesday, hitting $33.26. 11,485,306 shares of the stock were exchanged, compared to its average volume of 13,415,131. The stock has a market cap of $62.48 billion, a price-to-earnings ratio of 19.92, a price-to-earnings-growth ratio of 3.00 and a beta of 1.23. The firm's 50-day moving average price is $32.05 and its 200 day moving average price is $31.13. CSX Corporation 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 1.52, a current ratio of 0.88 and a quick ratio of 0.75.
CSX (NASDAQ:CSX - Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $3.42 billion for the quarter, compared to analysts' expectations of $3.53 billion. CSX had a return on equity of 26.42% and a net margin of 22.66%. As a group, analysts forecast that CSX Corporation will post 1.83 earnings per share for the current fiscal year.
CSX Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.56%. CSX's dividend payout ratio (DPR) is presently 31.14%.
CSX Profile
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Free Report)
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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