J.W. Cole Advisors Inc. Grows Holdings in CSX Co. (NASDAQ:CSX)

J.W. Cole Advisors Inc. grew its stake in CSX Co. (NASDAQ:CSXGet Rating) by 5.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,586 shares of the transportation company’s stock after buying an additional 546 shares during the period. J.W. Cole Advisors Inc.’s holdings in CSX were worth $396,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CSX. Vanguard Group Inc. lifted its holdings in shares of CSX by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 185,175,290 shares of the transportation company’s stock worth $6,934,814,000 after acquiring an additional 1,585,487 shares during the last quarter. Capital World Investors lifted its holdings in shares of CSX by 4.4% in the 4th quarter. Capital World Investors now owns 184,488,460 shares of the transportation company’s stock worth $6,936,719,000 after acquiring an additional 7,841,524 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of CSX by 3.5% in the 4th quarter. BlackRock Inc. now owns 151,615,861 shares of the transportation company’s stock worth $5,700,758,000 after acquiring an additional 5,149,812 shares during the last quarter. State Street Corp lifted its holdings in shares of CSX by 6.0% in the 1st quarter. State Street Corp now owns 100,226,817 shares of the transportation company’s stock worth $3,753,494,000 after acquiring an additional 5,632,575 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of CSX by 294.9% in the 1st quarter. Royal Bank of Canada now owns 26,250,574 shares of the transportation company’s stock worth $983,085,000 after acquiring an additional 19,602,668 shares during the last quarter. Hedge funds and other institutional investors own 73.60% of the company’s stock.

CSX Price Performance

CSX opened at $29.88 on Tuesday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.01 and a current ratio of 1.16. The stock has a market capitalization of $63.98 billion, a P/E ratio of 16.79, a P/E/G ratio of 1.54 and a beta of 1.21. The company’s 50-day simple moving average is $31.89 and its two-hundred day simple moving average is $32.72. CSX Co. has a 52-week low of $27.59 and a 52-week high of $38.63.

CSX (NASDAQ:CSXGet Rating) last posted its earnings results on Wednesday, July 20th. The transportation company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.03. CSX had a net margin of 28.24% and a return on equity of 29.07%. The business had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.67 billion. During the same quarter in the prior year, the business earned $0.40 EPS. The business’s revenue for the quarter was up 27.8% compared to the same quarter last year. As a group, analysts predict that CSX Co. will post 1.89 EPS for the current year.

CSX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Tuesday, August 30th. CSX’s dividend payout ratio (DPR) is presently 22.47%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Barclays upped their price target on shares of CSX from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Thursday, July 21st. StockNews.com upgraded shares of CSX from a “hold” rating to a “buy” rating in a report on Saturday, July 30th. Cowen lowered their price target on shares of CSX from $39.00 to $37.00 in a report on Thursday, July 21st. Sanford C. Bernstein lowered shares of CSX from an “outperform” rating to a “market perform” rating and set a $32.00 price target for the company. in a report on Wednesday, September 14th. Finally, Cowen lowered their price target on shares of CSX from $39.00 to $37.00 and set a “market perform” rating for the company in a report on Thursday, July 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $36.33.

About CSX

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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 transports chemicals, agricultural and food products, automotive, minerals, 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.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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