NorthRock Partners LLC Has $558,000 Stock Holdings in CSX Co. (NASDAQ:CSX)

NorthRock Partners LLC boosted its stake in shares of CSX Co. (NASDAQ:CSX - Free Report) by 133.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,306 shares of the transportation company's stock after purchasing an additional 9,896 shares during the quarter. NorthRock Partners LLC's holdings in CSX were worth $558,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CSX. Marshall & Sterling Wealth Advisors Inc. bought a new position in CSX in the 4th quarter valued at about $27,000. Accredited Wealth Management LLC acquired a new position in CSX during the 4th quarter valued at about $29,000. SBI Securities Co. Ltd. acquired a new position in CSX during the 4th quarter valued at about $31,000. Sierra Ocean LLC acquired a new position in CSX during the 4th quarter valued at about $33,000. Finally, Kayne Anderson Rudnick Investment Management LLC increased its stake in CSX by 219.0% during 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 period. Institutional investors and hedge funds own 73.57% of the company's stock.

CSX Stock Up 0.1%

Shares of CSX stock traded up $0.02 during trading on Tuesday, hitting $31.23. 14,966,093 shares of the company were exchanged, compared to its average volume of 12,850,094. 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 firm has a market capitalization of $58.67 billion, a price-to-earnings ratio of 17.45, a P/E/G ratio of 1.92 and a beta of 1.22. The business's 50-day simple moving average is $28.84 and its 200 day simple moving average is $31.74. CSX Co. has a twelve month low of $26.22 and a twelve month high of $37.10.

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

CSX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Friday, May 30th. CSX's dividend payout ratio is currently 31.14%.

Analyst Ratings Changes

Several equities analysts have commented on CSX shares. Stifel Nicolaus lowered their target price on shares of CSX from $37.00 to $34.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. BMO Capital Markets lowered their target price on shares of CSX from $36.00 to $35.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. Robert W. Baird lowered their target price on shares of CSX from $39.00 to $38.00 and set an "outperform" rating on the stock in a research note on Friday, January 24th. Citigroup lowered their price objective on shares of CSX from $39.00 to $36.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, UBS Group lowered their price objective on shares of CSX from $36.00 to $34.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, CSX has a consensus rating of "Moderate Buy" and an average target price of $33.90.

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.