Focus Partners Wealth Has $44.42 Million Stock Position in CSX Co. (NASDAQ:CSX)

Focus Partners Wealth boosted its holdings in shares of CSX Co. (NASDAQ:CSX - Free Report) by 15.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,356,786 shares of the transportation company's stock after buying an additional 180,467 shares during the quarter. Focus Partners Wealth owned approximately 0.07% of CSX worth $44,420,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Joel Isaacson & Co. LLC boosted its stake in CSX by 2.4% during the 4th quarter. Joel Isaacson & Co. LLC now owns 13,036 shares of the transportation company's stock worth $421,000 after purchasing an additional 310 shares during the period. Patrick M Sweeney & Associates Inc. lifted its stake in shares of CSX by 1.0% in the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 31,827 shares of the transportation company's stock valued at $1,027,000 after purchasing an additional 313 shares during the period. West Branch Capital LLC lifted its stake in shares of CSX by 3.3% in the fourth quarter. West Branch Capital LLC now owns 10,317 shares of the transportation company's stock valued at $333,000 after purchasing an additional 332 shares during the period. Alhambra Investment Management LLC lifted its stake in shares of CSX by 4.3% in the fourth quarter. Alhambra Investment Management LLC now owns 8,292 shares of the transportation company's stock valued at $268,000 after purchasing an additional 342 shares during the period. Finally, Trust Point Inc. increased its holdings in CSX by 2.6% during the 4th quarter. Trust Point Inc. now owns 13,722 shares of the transportation company's stock valued at $443,000 after acquiring an additional 344 shares in the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CSX has been the subject of a number of analyst reports. Citigroup cut their price objective on shares of CSX from $39.00 to $36.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Loop Capital downgraded shares of CSX from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $40.00 to $34.00 in a research note on Monday, February 3rd. Benchmark restated a "buy" rating and issued a $35.00 target price on shares of CSX in a research note on Thursday, April 17th. Bank of America upped their target price on shares of CSX from $30.00 to $31.00 and gave the company a "neutral" rating in a research note on Monday. Finally, Stephens restated an "overweight" rating and issued a $38.00 target price on shares of CSX in a research note on Friday, January 24th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $33.90.

CSX Price Performance

Shares of NASDAQ:CSX traded up $0.49 during trading hours on Wednesday, hitting $31.03. 21,881,532 shares of the company's stock traded hands, compared to its average volume of 12,815,213. CSX Co. has a 52 week low of $26.22 and a 52 week high of $37.10. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. The company's fifty day simple moving average is $28.76 and its two-hundred day simple moving average is $31.81. The company has a market cap of $58.29 billion, a price-to-earnings ratio of 17.34, a price-to-earnings-growth ratio of 1.92 and a beta of 1.22.

CSX (NASDAQ:CSX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.05). CSX had a net margin of 23.95% and a return on equity of 28.15%. The business had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.53 billion. As a group, equities analysts anticipate that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Friday, May 30th. CSX's payout ratio is 31.14%.

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.