Mason & Associates LLC Purchases 2,920 Shares of CSX Co. (NASDAQ:CSX)

Mason & Associates LLC grew its position in shares of CSX Co. (NASDAQ:CSX) by 23.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,121 shares of the transportation company’s stock after acquiring an additional 2,920 shares during the quarter. CSX comprises 0.2% of Mason & Associates LLC’s holdings, making the stock its 23rd largest holding. Mason & Associates LLC’s holdings in CSX were worth $522,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CSX. Chicago Partners Investment Group LLC boosted its stake in CSX by 11.3% in the fourth quarter. Chicago Partners Investment Group LLC now owns 10,611 shares of the transportation company’s stock valued at $365,000 after acquiring an additional 1,076 shares during the last quarter. SageView Advisory Group LLC grew its holdings in CSX by 13.2% during the fourth quarter. SageView Advisory Group LLC now owns 7,374 shares of the transportation company’s stock valued at $264,000 after purchasing an additional 858 shares during the period. Moseley Investment Management Inc. purchased a new stake in CSX in the first quarter worth $200,000. GAMMA Investing LLC increased its position in CSX by 30.6% in the first quarter. GAMMA Investing LLC now owns 15,650 shares of the transportation company’s stock worth $580,000 after buying an additional 3,670 shares during the last quarter. Finally, Rise Advisors LLC raised its stake in shares of CSX by 287.7% in the first quarter. Rise Advisors LLC now owns 1,361 shares of the transportation company’s stock valued at $50,000 after buying an additional 1,010 shares during the period. 73.57% of the stock is owned by institutional investors and hedge funds.

CSX Stock Up 0.6 %

CSX stock opened at $35.50 on Wednesday. The stock has a market capitalization of $69.40 billion, a P/E ratio of 19.51, a P/E/G ratio of 1.90 and a beta of 1.19. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.16 and a quick ratio of 1.01. CSX Co. has a 1-year low of $29.03 and a 1-year high of $40.12. The business has a fifty day moving average price of $34.01 and a 200-day moving average price of $33.98.

CSX (NASDAQ:CSX) last posted 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 24.52% and a return on equity of 29.11%. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.70 billion. During the same quarter in the prior year, the business earned $0.49 EPS. The business’s revenue for the quarter was up .0% compared to the same quarter last year. Equities analysts forecast that CSX Co. will post 1.93 earnings per share for the current fiscal year.

CSX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Friday, November 29th. CSX’s dividend payout ratio (DPR) is presently 26.37%.

Analyst Upgrades and Downgrades

CSX has been the subject of several recent research reports. Stephens reissued an “overweight” rating and issued a $42.00 price objective on shares of CSX in a report on Tuesday, August 6th. Bank of America lowered shares of CSX from a “buy” rating to a “neutral” rating and set a $37.00 price target on the stock. in a research report on Monday, July 8th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $36.00 price objective on shares of CSX in a report on Tuesday, August 6th. Evercore ISI raised shares of CSX to a “strong-buy” rating in a report on Tuesday, August 6th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $40.00 price target on shares of CSX in a report on Tuesday, August 6th. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $39.19.

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.