Insigneo Advisory Services LLC Invests $241,000 in CSX Corporation (NASDAQ:CSX)

Insigneo Advisory Services LLC purchased a new stake in CSX Corporation (NASDAQ:CSX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,176 shares of the transportation company's stock, valued at approximately $241,000.

Several other large investors have also added to or reduced their stakes in CSX. Portside Wealth Group LLC raised its stake in CSX by 1.3% in the first 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 in the last quarter. Ullmann Wealth Partners Group LLC raised its stake in CSX by 1.3% in the first 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 in the last quarter. Family Legacy Inc. raised its stake in CSX by 0.6% in the fourth 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 in the last quarter. Patrick M Sweeney & Associates Inc. raised its stake in CSX by 1.2% in the first 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 in the last quarter. Finally, Faithward Advisors LLC raised its stake in CSX by 1.7% in the fourth quarter. Faithward Advisors LLC now owns 23,841 shares of the transportation company's stock worth $769,000 after buying an additional 392 shares in the last quarter. Institutional investors own 73.57% of the company's stock.

CSX Stock Performance

CSX stock traded down $0.18 on Friday, hitting $32.06. The company had a trading volume of 30,972,624 shares, compared to its average volume of 13,320,186. CSX Corporation has a 12-month low of $26.22 and a 12-month high of $37.10. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 1.52. The stock's 50-day simple moving average is $30.16 and its 200 day simple moving average is $31.13. The stock has a market cap of $60.23 billion, a price-to-earnings ratio of 19.20, a P/E/G ratio of 2.82 and a beta of 1.24.

CSX (NASDAQ:CSX - Get Free Report) last issued its earnings results 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). CSX had a return on equity of 26.42% and a net margin of 22.66%. The company had revenue of $3.42 billion during the quarter, compared to analysts' expectations of $3.53 billion. As a group, equities research analysts expect that CSX Corporation will post 1.83 earnings per share for the current fiscal year.

CSX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.62%. The ex-dividend date was Friday, May 30th. CSX's dividend payout ratio is currently 31.14%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CSX. Jefferies Financial Group decreased their price target on shares of CSX from $37.00 to $33.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Susquehanna decreased their target price on shares of CSX from $37.00 to $35.00 and set a "positive" rating for the company in a research note on Thursday, April 17th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of CSX in a research note on Friday, March 7th. They set a "hold" rating and a $34.00 target price for the company. Benchmark reaffirmed a "buy" rating and set a $35.00 target price on shares of CSX in a research note on Thursday, April 17th. Finally, Argus set a $32.00 target price on shares of CSX in a research note on Friday, April 25th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.14.

CSX Company 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.