Choreo LLC Acquires 1,588 Shares of CSX Co. (NASDAQ:CSX)

Choreo LLC boosted its position in shares of CSX Co. (NASDAQ:CSX) by 9.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,038 shares of the transportation company’s stock after purchasing an additional 1,588 shares during the period. Choreo LLC’s holdings in CSX were worth $660,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its position in CSX by 1.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 889,160 shares of the transportation company’s stock valued at $27,342,000 after acquiring an additional 11,723 shares in the last quarter. Pinnacle Associates Ltd. increased its position in CSX by 0.8% in the 3rd quarter. Pinnacle Associates Ltd. now owns 119,185 shares of the transportation company’s stock valued at $3,665,000 after acquiring an additional 968 shares in the last quarter. FinTrust Capital Advisors LLC increased its position in CSX by 41.7% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 1,511 shares of the transportation company’s stock valued at $46,000 after acquiring an additional 445 shares in the last quarter. Raymond James & Associates increased its position in CSX by 3.7% in the 3rd quarter. Raymond James & Associates now owns 1,584,544 shares of the transportation company’s stock valued at $48,725,000 after acquiring an additional 57,053 shares in the last quarter. Finally, Simon Quick Advisors LLC increased its position in CSX by 6.8% in the 3rd quarter. Simon Quick Advisors LLC now owns 9,330 shares of the transportation company’s stock valued at $287,000 after acquiring an additional 596 shares in the last quarter. 73.57% of the stock is owned by institutional investors.

CSX Stock Down 0.1 %

Shares of NASDAQ CSX opened at $33.20 on Thursday. The stock has a market cap of $64.90 billion, a P/E ratio of 18.24, a P/E/G ratio of 2.03 and a beta of 1.18. The firm has a 50 day moving average price of $36.41 and a 200 day moving average price of $34.53. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.00 and a current ratio of 1.15. CSX Co. has a 52-week low of $29.03 and a 52-week high of $40.12.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. CSX had a net margin of 24.75% and a return on equity of 29.58%. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.66 billion. During the same quarter in the previous year, the firm posted $0.48 earnings per share. The business’s revenue was down .8% on a year-over-year basis. Analysts expect that CSX Co. will post 1.95 EPS for the current year.

CSX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a $0.12 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.48 dividend on an annualized basis and a yield of 1.45%. This is a positive change from CSX’s previous quarterly dividend of $0.11. CSX’s payout ratio is presently 26.37%.

Analysts Set New Price Targets

Several research firms have weighed in on CSX. StockNews.com cut shares of CSX from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Benchmark reiterated a “buy” rating and set a $40.00 price target on shares of CSX in a research report on Thursday, April 18th. Raymond James lifted their price target on shares of CSX from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 16th. BMO Capital Markets lifted their price target on shares of CSX from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Finally, Susquehanna lifted their price target on shares of CSX from $42.00 to $44.00 and gave the stock a “positive” rating in a research report on Thursday, March 28th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $38.00.

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.