ORBA Wealth Advisors L.L.C. Invests $315,000 in CSX Co. (NASDAQ:CSX)

ORBA Wealth Advisors L.L.C. acquired a new position in CSX Co. (NASDAQ:CSXFree Report) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 9,096 shares of the transportation company’s stock, valued at approximately $315,000.

Other hedge funds also recently made changes to their positions in the company. Fortitude Family Office LLC acquired a new position in shares of CSX in the fourth quarter worth about $27,000. Life Planning Partners Inc acquired a new stake in shares of CSX during the fourth quarter worth approximately $27,000. Burkett Financial Services LLC acquired a new stake in shares of CSX during the fourth quarter worth approximately $34,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of CSX during the fourth quarter worth approximately $34,000. Finally, Avion Wealth boosted its holdings in shares of CSX by 450.5% during the fourth quarter. Avion Wealth now owns 1,002 shares of the transportation company’s stock worth $35,000 after purchasing an additional 820 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Stock Performance

CSX stock traded up $0.57 on Friday, hitting $33.75. The company’s stock had a trading volume of 30,345,069 shares, compared to its average volume of 9,707,565. The firm has a market cap of $65.98 billion, a P/E ratio of 18.54, a price-to-earnings-growth ratio of 1.75 and a beta of 1.19. The company has a quick ratio of 1.00, a current ratio of 1.15 and a debt-to-equity ratio of 1.42. The company has a fifty day moving average price of $34.64 and a 200-day moving average price of $35.07. CSX Co. has a one year low of $29.03 and a one year high of $40.12.

CSX (NASDAQ:CSXGet Free Report) last announced its quarterly earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.01. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.66 billion. CSX had a net margin of 24.75% and a return on equity of 29.58%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.48 EPS. On average, equities analysts anticipate that CSX Co. will post 1.96 earnings per share for the current year.

CSX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a $0.12 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.48 annualized dividend and a dividend yield of 1.42%. CSX’s dividend payout ratio is presently 26.37%.

Analyst Ratings Changes

CSX has been the subject of several research reports. Benchmark restated a “buy” rating and set a $40.00 price target on shares of CSX in a report on Thursday, April 18th. Bank of America reduced their target price on shares of CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Stifel Nicolaus lifted their target price on shares of CSX from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, April 12th. UBS Group reduced their target price on shares of CSX from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Finally, Jefferies Financial Group reduced their target price on shares of CSX from $40.00 to $38.00 and set a “hold” rating for the company in a research note on Thursday, April 18th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, CSX presently has an average rating of “Moderate Buy” and an average target price of $38.00.

View Our Latest Report on CSX

CSX Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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