Transcend Capital Advisors LLC Has $1.09 Million Stock Holdings in CSX Co. (NASDAQ:CSX)

Transcend Capital Advisors LLC lifted its stake in shares of CSX Co. (NASDAQ:CSX) by 4.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,689 shares of the transportation company’s stock after purchasing an additional 1,527 shares during the quarter. Transcend Capital Advisors LLC’s holdings in CSX were worth $1,093,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Miracle Mile Advisors LLC grew its holdings in shares of CSX by 0.3% during the 1st quarter. Miracle Mile Advisors LLC now owns 103,563 shares of the transportation company’s stock worth $3,839,000 after acquiring an additional 303 shares during the period. Stratos Wealth Advisors LLC lifted its position in CSX by 1.1% during the fourth quarter. Stratos Wealth Advisors LLC now owns 28,210 shares of the transportation company’s stock valued at $978,000 after buying an additional 304 shares during the period. Team Hewins LLC boosted its holdings in shares of CSX by 1.7% during the 1st quarter. Team Hewins LLC now owns 18,778 shares of the transportation company’s stock valued at $696,000 after buying an additional 306 shares in the last quarter. Cornercap Investment Counsel Inc. grew its position in shares of CSX by 0.3% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 120,244 shares of the transportation company’s stock worth $4,169,000 after buying an additional 309 shares during the period. Finally, FCA Corp TX increased its stake in shares of CSX by 0.3% in the 4th quarter. FCA Corp TX now owns 115,572 shares of the transportation company’s stock worth $4,007,000 after acquiring an additional 339 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Stock Performance

NASDAQ CSX traded down $0.75 on Monday, reaching $33.33. 6,073,951 shares of the stock were exchanged, compared to its average volume of 11,750,697. The company has a current ratio of 1.15, a quick ratio of 1.00 and a debt-to-equity ratio of 1.42. The company’s 50-day simple moving average is $33.56 and its two-hundred day simple moving average is $35.05. The firm has a market capitalization of $65.16 billion, a PE ratio of 18.73, a PEG ratio of 1.89 and a beta of 1.20. CSX Co. has a one year low of $29.03 and a one year high of $40.12.

CSX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a $0.12 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.48 annualized dividend and a yield of 1.44%. CSX’s payout ratio is 26.37%.

Analyst Ratings Changes

A number of brokerages have weighed in on CSX. Benchmark restated a “buy” rating and issued a $40.00 price objective on shares of CSX in a report on Thursday, April 18th. Royal Bank of Canada dropped their target price on CSX from $37.00 to $36.00 and set a “sector perform” rating on the stock in a report on Thursday, April 18th. Stifel Nicolaus raised their price target on CSX from $37.00 to $39.00 and gave the company a “buy” rating in a report on Friday, April 12th. UBS Group lowered their price target on CSX from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Finally, Jefferies Financial Group cut their price objective on shares of CSX from $40.00 to $38.00 and set a “hold” rating on the stock in a research report on Thursday, April 18th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, CSX currently has an average rating of “Moderate Buy” and an average target price of $38.14.

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.