51,229 Shares in CSX Co. (NASDAQ:CSX) Bought by Impact Capital Partners LLC

Impact Capital Partners LLC acquired a new stake in CSX Co. (NASDAQ:CSX) during the 4th quarter, Holdings Channel reports. The fund acquired 51,229 shares of the transportation company’s stock, valued at approximately $1,653,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Avantax Advisory Services Inc. boosted its stake in shares of CSX by 13.0% in the 4th quarter. Avantax Advisory Services Inc. now owns 180,710 shares of the transportation company’s stock valued at $5,832,000 after purchasing an additional 20,811 shares in the last quarter. Great Lakes Advisors LLC boosted its position in CSX by 4.1% in the fourth quarter. Great Lakes Advisors LLC now owns 2,746,728 shares of the transportation company’s stock valued at $88,637,000 after buying an additional 109,143 shares in the last quarter. Farther Finance Advisors LLC boosted its position in CSX by 6.3% in the fourth quarter. Farther Finance Advisors LLC now owns 8,772 shares of the transportation company’s stock valued at $283,000 after buying an additional 518 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of CSX by 16.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 12,196 shares of the transportation company’s stock worth $394,000 after buying an additional 1,705 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of CSX by 10.4% during the fourth quarter. Sequoia Financial Advisors LLC now owns 126,446 shares of the transportation company’s stock worth $4,080,000 after buying an additional 11,923 shares in the last quarter. Institutional investors own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada reduced their price objective on CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research report on Friday, January 24th. Jefferies Financial Group upgraded CSX from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Friday, January 10th. Wells Fargo & Company dropped their price objective on shares of CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. BMO Capital Markets cut their target price on shares of CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of CSX in a research report on Friday, March 7th. They issued a “hold” rating and a $34.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.00.

CSX Stock Performance

NASDAQ:CSX opened at $29.55 on Thursday. The business has a fifty day simple moving average of $32.34 and a two-hundred day simple moving average of $33.55. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. CSX Co. has a 1 year low of $29.29 and a 1 year high of $38.03. The company has a market capitalization of $55.99 billion, a P/E ratio of 16.51, a P/E/G ratio of 1.92 and a beta of 1.25.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. On average, analysts expect that CSX Co. will post 1.83 earnings per share for the current year.

CSX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Friday, February 28th. This is an increase from CSX’s previous quarterly dividend of $0.12. CSX’s dividend payout ratio is currently 29.05%.

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.