CSX Co. (NASDAQ:CSX) Shares Acquired by Fortis Group Advisors LLC

Fortis Group Advisors LLC boosted its position in CSX Co. (NASDAQ:CSXFree Report) by 100.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,030 shares of the transportation company’s stock after buying an additional 3,015 shares during the quarter. Fortis Group Advisors LLC’s holdings in CSX were worth $209,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC bought a new stake in shares of CSX in the fourth quarter worth $35,000. Syon Capital LLC increased its position in shares of CSX by 8.7% in the 4th quarter. Syon Capital LLC now owns 23,505 shares of the transportation company’s stock worth $815,000 after purchasing an additional 1,875 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in shares of CSX by 11.3% in the 4th quarter. Chicago Partners Investment Group LLC now owns 10,611 shares of the transportation company’s stock valued at $365,000 after purchasing an additional 1,076 shares in the last quarter. Chelsea Counsel Co. bought a new position in shares of CSX during the fourth quarter worth about $142,000. Finally, V Square Quantitative Management LLC grew its stake in CSX by 50.2% in the fourth quarter. V Square Quantitative Management LLC now owns 28,785 shares of the transportation company’s stock worth $998,000 after purchasing an additional 9,624 shares in the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Price Performance

Shares of NASDAQ CSX traded down $0.35 during trading on Friday, hitting $32.18. The company had a trading volume of 13,292,007 shares, compared to its average volume of 9,948,660. CSX Co. has a 52 week low of $29.03 and a 52 week high of $40.12. The business’s 50-day moving average is $33.87 and its 200 day moving average is $35.13. The company has a market cap of $62.91 billion, a P/E ratio of 17.68, a PEG ratio of 1.68 and a beta of 1.19. 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 (NASDAQ:CSXGet Free Report) last issued its quarterly earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. CSX had a return on equity of 29.58% and a net margin of 24.75%. The firm had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.66 billion. During the same quarter last year, the business posted $0.48 EPS. CSX’s revenue was down .8% on a year-over-year basis. Equities research analysts predict that CSX Co. will post 1.96 earnings per share for the current fiscal year.

CSX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.48 annualized dividend and a yield of 1.49%. CSX’s dividend payout ratio is presently 26.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CSX shares. Bank of America decreased their price objective on shares of CSX from $40.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, April 18th. UBS Group lowered their price objective on shares of CSX from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Wells Fargo & Company started coverage on shares of CSX in a report on Friday, June 7th. They issued an “equal weight” rating and a $35.00 target price on the stock. Jefferies Financial Group lowered their target price on CSX from $40.00 to $38.00 and set a “hold” rating for the company in a report on Thursday, April 18th. Finally, Royal Bank of Canada cut their price target on CSX from $37.00 to $36.00 and set a “sector perform” rating on the stock in a report on Thursday, April 18th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, CSX has an average rating of “Moderate Buy” and an average target price of $37.82.

Get Our Latest Stock Report on CSX

CSX Company 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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