Kingswood Wealth Advisors LLC grew its stake in shares of CSX Corporation (NASDAQ:CSX - Free Report) by 78.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 20,647 shares of the transportation company's stock after acquiring an additional 9,101 shares during the period. Kingswood Wealth Advisors LLC's holdings in CSX were worth $609,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of CSX. Marshall & Sterling Wealth Advisors Inc. acquired a new position in CSX in the 4th quarter worth approximately $27,000. Accredited Wealth Management LLC bought a new position in shares of CSX during the 4th quarter valued at $29,000. Fourth Dimension Wealth LLC bought a new position in shares of CSX during the 4th quarter valued at $29,000. SBI Securities Co. Ltd. acquired a new position in CSX in the 4th quarter valued at $31,000. Finally, Kayne Anderson Rudnick Investment Management LLC grew its stake in CSX by 219.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,040 shares of the transportation company's stock valued at $34,000 after buying an additional 714 shares during the last quarter. 73.57% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research firms have issued reports on CSX. Deutsche Bank Aktiengesellschaft began coverage on shares of CSX in a research report on Friday, March 7th. They issued a "hold" rating and a $34.00 price target on the stock. Benchmark reissued a "buy" rating and set a $35.00 price target on shares of CSX in a report on Thursday, April 17th. 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. Susquehanna dropped 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. Finally, BMO Capital Markets dropped their target price on shares of CSX from $36.00 to $35.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $34.14.
Get Our Latest Report on CSX
CSX Stock Down 0.6%
Shares of 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 13,298,627. The firm has a market capitalization of $60.23 billion, a P/E ratio of 19.20, a P/E/G ratio of 2.81 and a beta of 1.24. CSX Corporation has a twelve month low of $26.22 and a twelve 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. The stock has a 50-day moving average of $30.16 and a 200-day moving average of $31.10.
CSX (NASDAQ:CSX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 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 return on equity of 26.42% and a net margin of 22.66%. Research analysts predict that CSX Corporation will post 1.83 earnings per share for the current year.
CSX Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Friday, May 30th. CSX's dividend payout ratio 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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