Curran Financial Partners LLC Has $340,000 Stock Holdings in CSX Co. (NASDAQ:CSX)

Curran Financial Partners LLC lessened its holdings in shares of CSX Co. (NASDAQ:CSX) by 4.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 9,890 shares of the transportation company’s stock after selling 408 shares during the period. Curran Financial Partners LLC’s holdings in CSX were worth $340,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Value Partners Investments Inc. acquired a new position in CSX in the 3rd quarter valued at approximately $1,172,000. Morgan Stanley grew its stake in shares of CSX by 3.1% in the 3rd quarter. Morgan Stanley now owns 24,340,514 shares of the transportation company’s stock valued at $748,471,000 after purchasing an additional 739,411 shares during the period. International Assets Investment Management LLC grew its stake in shares of CSX by 3,241.9% in the 4th quarter. International Assets Investment Management LLC now owns 235,304 shares of the transportation company’s stock valued at $8,158,000 after purchasing an additional 228,263 shares during the period. Sapient Capital LLC bought a new stake in shares of CSX in the 4th quarter valued at approximately $1,279,000. Finally, EP Wealth Advisors LLC grew its stake in shares of CSX by 414.8% in the 3rd quarter. EP Wealth Advisors LLC now owns 51,534 shares of the transportation company’s stock valued at $1,585,000 after purchasing an additional 41,524 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.

Analyst Ratings Changes

CSX has been the topic of several analyst reports. Benchmark reiterated a “buy” rating and issued a $40.00 price objective on shares of CSX in a research note on Thursday. Susquehanna increased their price target on CSX from $42.00 to $44.00 and gave the stock a “positive” rating in a research report on Thursday, March 28th. Stifel Nicolaus increased their price target on CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Jefferies Financial Group decreased their price target on CSX from $40.00 to $38.00 and set a “hold” rating on the stock in a research report on Thursday. Finally, Raymond James increased their price objective on CSX from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Tuesday, January 16th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.22.

CSX Price Performance

Shares of NASDAQ CSX traded up $0.71 during midday trading on Thursday, reaching $34.87. The company’s stock had a trading volume of 8,343,160 shares, compared to its average volume of 11,867,755. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.91 and a current ratio of 1.05. CSX Co. has a fifty-two week low of $29.03 and a fifty-two week high of $40.12. The business’s 50 day moving average price is $36.98 and its two-hundred day moving average price is $34.32. The company has a market cap of $68.26 billion, a P/E ratio of 18.91, a P/E/G ratio of 2.01 and a beta of 1.18.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Wednesday, April 17th. The transportation company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.45 by $0.01. The business had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.66 billion. CSX had a net margin of 25.35% and a return on equity of 30.52%. The company’s revenue was down .8% on a year-over-year basis. During the same period in the previous year, the business earned $0.48 earnings per share. On average, analysts forecast that CSX Co. will post 1.97 EPS for the current fiscal year.

CSX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid a $0.12 dividend. This is a boost from CSX’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.48 annualized dividend and a dividend yield of 1.38%. CSX’s payout ratio is currently 26.09%.

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.