J.W. Cole Advisors Inc. Increases Holdings in CSX Corporation (NASDAQ:CSX)

J.W. Cole Advisors Inc. increased its position in CSX Corporation (NASDAQ:CSX - Free Report) by 114.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 76,439 shares of the transportation company's stock after acquiring an additional 40,738 shares during the quarter. J.W. Cole Advisors Inc.'s holdings in CSX were worth $2,250,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of CSX during the 4th quarter valued at about $27,000. Rossby Financial LCC bought a new stake in CSX in the 1st quarter worth approximately $28,000. Accredited Wealth Management LLC bought a new stake in CSX in the 4th quarter worth approximately $29,000. Fourth Dimension Wealth LLC bought a new stake in CSX in the 4th quarter worth approximately $29,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in CSX in the 1st quarter worth approximately $30,000. Hedge funds and other institutional investors own 73.57% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on CSX shares. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $36.00 price target (up from $33.00) on shares of CSX in a research note on Tuesday, July 8th. Wells Fargo & Company boosted their target price on CSX from $28.00 to $35.00 and gave the company an "equal weight" rating in a research note on Monday, July 7th. Royal Bank Of Canada reduced their target price on CSX from $31.00 to $30.00 and set a "sector perform" rating on the stock in a research note on Thursday, April 17th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $35.00 price target on shares of CSX in a research note on Monday, June 2nd. Finally, Susquehanna reaffirmed a "neutral" rating and issued a $35.00 price target on shares of CSX in a research note on Tuesday, June 24th. Seven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, CSX presently has an average rating of "Moderate Buy" and an average target price of $35.59.

CSX Stock Performance

NASDAQ CSX opened at $34.36 on Tuesday. The stock has a market capitalization of $64.55 billion, a PE ratio of 20.57, a P/E/G ratio of 3.08 and a beta of 1.23. CSX Corporation has a 1-year low of $26.22 and a 1-year high of $37.10. The business has a 50 day simple moving average of $32.27 and a two-hundred day simple moving average of $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.

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. This represents a $0.52 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Friday, August 29th. 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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