SOA Wealth Advisors LLC. Takes Position in CSX Co. (NASDAQ:CSX)

SOA Wealth Advisors LLC. purchased a new position in shares of CSX Co. (NASDAQ:CSX - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 103,163 shares of the transportation company's stock, valued at approximately $3,036,000.

Several other hedge funds have also added to or reduced their stakes in CSX. Joel Isaacson & Co. LLC raised its holdings in CSX by 2.4% in the 4th quarter. Joel Isaacson & Co. LLC now owns 13,036 shares of the transportation company's stock valued at $421,000 after acquiring an additional 310 shares in the last quarter. Ullmann Wealth Partners Group LLC increased its stake in shares of CSX by 1.3% in the 1st quarter. Ullmann Wealth Partners Group LLC now owns 29,276 shares of the transportation company's stock valued at $862,000 after purchasing an additional 363 shares during the last quarter. Hemington Wealth Management grew its position in CSX by 14.6% during the 4th quarter. Hemington Wealth Management now owns 2,865 shares of the transportation company's stock worth $92,000 after acquiring an additional 365 shares during the last quarter. New Republic Capital LLC grew its position in CSX by 1.7% during the 4th quarter. New Republic Capital LLC now owns 22,397 shares of the transportation company's stock worth $723,000 after acquiring an additional 370 shares during the last quarter. Finally, Family Legacy Inc. grew its position in 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 acquiring an additional 375 shares during the last quarter. 73.57% of the stock is owned by institutional investors and hedge funds.

CSX Stock Performance

Shares of NASDAQ CSX opened at $32.23 on Friday. The firm's 50-day moving average price is $29.28 and its 200-day moving average price is $31.37. 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 company has a market cap of $60.55 billion, a PE ratio of 18.01, a PEG ratio of 1.92 and a beta of 1.24. CSX Co. has a 52-week low of $26.22 and a 52-week high of $37.10.

CSX (NASDAQ:CSX - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $3.42 billion for the quarter, compared to analysts' expectations of $3.53 billion. CSX had a net margin of 23.95% and a return on equity of 28.15%. As a group, analysts anticipate that CSX Co. will post 1.83 EPS for the current year.

CSX Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have commented on CSX. Wells Fargo & Company reduced their price target on CSX from $31.00 to $28.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. BMO Capital Markets cut their target price on CSX from $36.00 to $35.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. Argus set a $32.00 price target on CSX in a report on Friday, April 25th. Bank of America increased their price target on CSX from $30.00 to $31.00 and gave the stock a "neutral" rating in a report on Monday, May 12th. Finally, Susquehanna cut their price target on CSX from $37.00 to $35.00 and set a "positive" rating on the stock in a report on Thursday, April 17th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $33.95.

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.

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