CSX Co. (NASDAQ:CSX) Shares Acquired by Addison Advisors LLC

Addison Advisors LLC boosted its holdings in CSX Co. (NASDAQ:CSX) by 348.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,045 shares of the transportation company’s stock after buying an additional 812 shares during the quarter. Addison Advisors LLC’s holdings in CSX were worth $36,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Western Wealth Management LLC raised its holdings in shares of CSX by 0.8% during the second quarter. Western Wealth Management LLC now owns 36,127 shares of the transportation company’s stock valued at $1,208,000 after acquiring an additional 295 shares during the period. TriaGen Wealth Management LLC boosted its position in shares of CSX by 2.7% in the second quarter. TriaGen Wealth Management LLC now owns 11,524 shares of the transportation company’s stock worth $385,000 after buying an additional 300 shares during the period. Lake Street Advisors Group LLC grew its holdings in shares of CSX by 1.8% during the third quarter. Lake Street Advisors Group LLC now owns 17,246 shares of the transportation company’s stock valued at $595,000 after buying an additional 306 shares in the last quarter. J.W. Cole Advisors Inc. raised its position in CSX by 0.9% during the third quarter. J.W. Cole Advisors Inc. now owns 35,401 shares of the transportation company’s stock valued at $1,222,000 after buying an additional 309 shares during the period. Finally, Jamison Private Wealth Management Inc. raised its position in CSX by 33.7% during the third quarter. Jamison Private Wealth Management Inc. now owns 1,253 shares of the transportation company’s stock valued at $43,000 after buying an additional 316 shares during the period. Institutional investors own 73.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CSX shares. TD Cowen lowered their target price on CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Benchmark reiterated a “buy” rating and issued a $40.00 price objective on shares of CSX in a research note on Wednesday, August 7th. Royal Bank of Canada decreased their target price on shares of CSX from $36.00 to $35.00 and set a “sector perform” rating for the company in a research note on Thursday, October 17th. Evercore ISI dropped their price target on shares of CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Finally, Loop Capital cut their price objective on CSX from $43.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $38.61.

CSX Stock Performance

Shares of CSX opened at $36.52 on Tuesday. The company has a market capitalization of $70.43 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 2.28 and a beta of 1.19. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23. CSX Co. has a one year low of $30.30 and a one year high of $40.12. The company’s fifty day moving average price is $34.15 and its 200 day moving average price is $33.82.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.02). The business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.68 billion. CSX had a return on equity of 28.92% and a net margin of 24.77%. CSX’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 EPS. As a group, analysts expect that CSX Co. will post 1.84 earnings per share for the current year.

CSX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Friday, November 29th. CSX’s dividend payout ratio (DPR) is currently 25.81%.

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.