CSX Co. (NASDAQ:CSX) Shares Acquired by Wilkins Investment Counsel Inc.

Wilkins Investment Counsel Inc. increased its stake in CSX Co. (NASDAQ:CSX) by 32.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 31,000 shares of the transportation company’s stock after buying an additional 7,600 shares during the quarter. Wilkins Investment Counsel Inc.’s holdings in CSX were worth $1,000,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Fiduciary Group LLC grew its stake in CSX by 2.3% during the 4th quarter. Fiduciary Group LLC now owns 42,601 shares of the transportation company’s stock valued at $1,375,000 after purchasing an additional 953 shares in the last quarter. Atlantic Private Wealth LLC grew its stake in CSX by 225.0% during the 4th quarter. Atlantic Private Wealth LLC now owns 1,625 shares of the transportation company’s stock valued at $52,000 after purchasing an additional 1,125 shares in the last quarter. Harvest Fund Management Co. Ltd grew its stake in CSX by 27.1% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 113,492 shares of the transportation company’s stock valued at $3,645,000 after purchasing an additional 24,187 shares in the last quarter. North Forty Two & Co. acquired a new stake in CSX during the 4th quarter valued at approximately $436,000. Finally, VSM Wealth Advisory LLC acquired a new stake in CSX during the 4th quarter valued at approximately $335,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Stock Down 0.6 %

Shares of CSX stock opened at $30.07 on Thursday. The business’s fifty day moving average price is $32.12 and its two-hundred day moving average price is $33.41. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. The company has a market capitalization of $56.97 billion, a P/E ratio of 16.80, a PEG ratio of 1.92 and a beta of 1.25. CSX Co. has a 1-year low of $28.98 and a 1-year high of $38.03.

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

CSX Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 annualized dividend and a yield of 1.73%. This is an increase from CSX’s previous quarterly dividend of $0.12. CSX’s payout ratio is presently 29.05%.

Analysts Set New Price Targets

A number of brokerages have weighed in on CSX. Deutsche Bank Aktiengesellschaft began coverage on CSX in a research note on Friday, March 7th. They set a “hold” rating and a $34.00 price objective for the company. Wells Fargo & Company reduced their target price on CSX from $36.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Barclays reduced their target price on CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Benchmark reaffirmed a “buy” rating and set a $38.00 target price on shares of CSX in a report on Monday, January 27th. Finally, Loop Capital downgraded CSX from a “buy” rating to a “hold” rating and reduced their target price for the stock from $40.00 to $34.00 in a report on Monday, February 3rd. Seven investment 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, CSX presently has an average rating of “Moderate Buy” and a consensus price target of $37.00.

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.