Level Four Advisory Services LLC Acquires 1,449 Shares of CSX Co. (NASDAQ:CSX)

Level Four Advisory Services LLC lifted its stake in CSX Co. (NASDAQ:CSX) by 17.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,990 shares of the transportation company’s stock after purchasing an additional 1,449 shares during the quarter. Level Four Advisory Services LLC’s holdings in CSX were worth $322,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CSX. Public Sector Pension Investment Board increased its stake in CSX by 10.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 82,276 shares of the transportation company’s stock valued at $2,841,000 after purchasing an additional 7,700 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of CSX during the third quarter valued at approximately $14,261,000. Erste Asset Management GmbH purchased a new stake in shares of CSX during the third quarter valued at approximately $2,204,000. FSA Wealth Management LLC bought a new stake in shares of CSX during the third quarter valued at approximately $43,000. Finally, Point72 Hong Kong Ltd purchased a new position in CSX in the 3rd quarter worth approximately $1,059,000. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Price Performance

NASDAQ CSX opened at $29.43 on Tuesday. The stock has a market cap of $55.47 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 1.92 and a beta of 1.25. CSX Co. has a 12 month low of $28.98 and a 12 month high of $37.10. The company’s 50 day moving average is $31.68 and its two-hundred day moving average is $33.17. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX) last released its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share 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%. As a group, research analysts anticipate 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 was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.77%. The ex-dividend date was Friday, February 28th. This is an increase from CSX’s previous quarterly dividend of $0.12. CSX’s dividend payout ratio (DPR) is 29.05%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Loop Capital lowered 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. JPMorgan Chase & Co. reduced their price objective on CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Raymond James restated an “outperform” rating and set a $37.00 target price (down previously from $38.00) on shares of CSX in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of CSX in a report on Friday, March 7th. They set a “hold” rating and a $34.00 price target on the stock. Finally, Susquehanna decreased their price objective on shares of CSX from $39.00 to $37.00 and set a “positive” rating for the company in a report on Thursday, March 27th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $36.75.

CSX Company 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.