Capital Advisors Inc. OK Invests $303,000 in CSX Co. (NASDAQ:CSX)

Capital Advisors Inc. OK bought a new position in shares of CSX Co. (NASDAQ:CSX) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 8,749 shares of the transportation company’s stock, valued at approximately $303,000.

Several other institutional investors have also recently made changes to their positions in CSX. High Net Worth Advisory Group LLC boosted its position in CSX by 1.7% during the fourth quarter. High Net Worth Advisory Group LLC now owns 17,704 shares of the transportation company’s stock worth $614,000 after acquiring an additional 304 shares during the last quarter. Stratos Wealth Advisors LLC boosted its holdings in shares of CSX by 1.1% in the 4th quarter. Stratos Wealth Advisors LLC now owns 28,210 shares of the transportation company’s stock valued at $978,000 after buying an additional 304 shares in the last quarter. Park Place Capital Corp boosted its stake in CSX by 12.1% during the 3rd quarter. Park Place Capital Corp now owns 3,064 shares of the transportation company’s stock worth $94,000 after purchasing an additional 330 shares during the period. Astoria Portfolio Advisors LLC. boosted its stake in CSX by 2.4% during the 3rd quarter. Astoria Portfolio Advisors LLC. now owns 14,672 shares of the transportation company’s stock worth $434,000 after purchasing an additional 349 shares during the period. Finally, Parkside Financial Bank & Trust raised its position in CSX by 2.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 17,967 shares of the transportation company’s stock worth $552,000 after buying an additional 352 shares during the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Analysts Set New Price Targets

CSX has been the subject of several recent research reports. StockNews.com downgraded shares of CSX from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. JPMorgan Chase & Co. dropped their price target on shares of CSX from $40.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday, December 21st. Susquehanna lifted their price objective on shares of CSX from $42.00 to $44.00 and gave the stock a “positive” rating in a report on Thursday, March 28th. BMO Capital Markets boosted their price target on shares of CSX from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Finally, Raymond James boosted their target price on shares of CSX from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Tuesday, January 16th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.28.

CSX Price Performance

Shares of NASDAQ CSX opened at $35.34 on Monday. The business’s 50 day moving average is $37.11 and its 200-day moving average is $34.26. CSX Co. has a 1-year low of $29.03 and a 1-year high of $40.12. The company has a current ratio of 1.05, a quick ratio of 0.91 and a debt-to-equity ratio of 1.48. The firm has a market cap of $69.18 billion, a P/E ratio of 19.21, a price-to-earnings-growth ratio of 2.04 and a beta of 1.18.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.01. The company had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.63 billion. CSX had a return on equity of 30.52% and a net margin of 25.35%. CSX’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter last year, the business posted $0.49 EPS. Equities research analysts predict that CSX Co. will post 1.97 earnings per share for the current year.

CSX Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Wednesday, February 28th. This is an increase from CSX’s previous quarterly dividend of $0.11. CSX’s payout ratio is presently 26.09%.

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.