Mather Group LLC. Acquires 1,191 Shares of CSX Co. (NASDAQ:CSX)

Mather Group LLC. boosted its holdings in shares of CSX Co. (NASDAQ:CSX) by 13.4% in the second quarter, Holdings Channel.com reports. The fund owned 10,048 shares of the transportation company’s stock after acquiring an additional 1,191 shares during the quarter. Mather Group LLC.’s holdings in CSX were worth $372,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CSX. Financial Synergies Wealth Advisors Inc. purchased a new position in shares of CSX during the first quarter valued at $29,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of CSX during the 4th quarter valued at $34,000. Burkett Financial Services LLC purchased a new position in CSX during the 4th quarter worth $34,000. Avion Wealth increased its position in CSX by 450.5% during the 4th quarter. Avion Wealth now owns 1,002 shares of the transportation company’s stock valued at $35,000 after buying an additional 820 shares in the last quarter. Finally, Tortoise Investment Management LLC purchased a new stake in CSX in the fourth quarter valued at about $35,000. Institutional investors own 73.57% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CSX shares. UBS Group dropped their price target on CSX from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Jefferies Financial Group dropped their target price 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. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $36.00 price target on shares of CSX in a report on Tuesday. Sanford C. Bernstein upped their target price on CSX from $35.00 to $36.00 and gave the company a “market perform” rating in a research report on Monday, July 8th. Finally, Wells Fargo & Company began coverage on CSX in a research report on Friday, June 7th. They set an “equal weight” rating and a $35.00 price target for the company. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $38.80.

CSX Price Performance

Shares of CSX stock traded up $0.42 during mid-day trading on Wednesday, hitting $34.28. 2,187,601 shares of the stock were exchanged, compared to its average volume of 11,816,438. The company has a quick ratio of 1.00, a current ratio of 1.15 and a debt-to-equity ratio of 1.42. CSX Co. has a 52-week low of $29.03 and a 52-week high of $40.12. The firm has a fifty day moving average of $33.55 and a 200 day moving average of $35.03. The company has a market cap of $67.01 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 1.89 and a beta of 1.20.

CSX (NASDAQ:CSX) last announced its earnings results on Monday, August 5th. The transportation company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. CSX had a net margin of 24.75% and a return on equity of 29.58%. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same quarter last year, the business earned $0.49 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. Research analysts anticipate that CSX Co. will post 1.94 earnings per share for the current year.

CSX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be given a $0.12 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.40%. CSX’s dividend payout ratio (DPR) is presently 26.37%.

About CSX

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.