Fiduciary Group LLC Raises Stock Holdings in CSX Co. (NASDAQ:CSX)

Fiduciary Group LLC increased its stake in CSX Co. (NASDAQ:CSX) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,601 shares of the transportation company’s stock after purchasing an additional 953 shares during the period. Fiduciary Group LLC’s holdings in CSX were worth $1,375,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CSX. SBI Securities Co. Ltd. purchased a new position in shares of CSX in the 4th quarter worth about $31,000. Sierra Ocean LLC bought a new stake in CSX in the 4th quarter worth approximately $33,000. Center for Financial Planning Inc. boosted its stake in CSX by 205.7% in the fourth quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company’s stock worth $35,000 after buying an additional 720 shares in the last quarter. Atala Financial Inc bought a new position in CSX during the fourth quarter valued at approximately $36,000. Finally, Wingate Wealth Advisors Inc. purchased a new position in shares of CSX during the fourth quarter worth approximately $39,000. 73.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CSX has been the topic of several recent research reports. Citigroup reduced their target price on shares of CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Royal Bank of Canada reduced their price objective on CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research note on Friday, January 24th. Barclays decreased their price objective on CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Raymond James restated an “outperform” rating and set a $37.00 target price (down from $38.00) on shares of CSX in a report on Friday, January 24th. Finally, Robert W. Baird decreased their price target on CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, January 24th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $37.00.

CSX Price Performance

Shares of NASDAQ CSX opened at $29.98 on Friday. CSX Co. has a 1 year low of $28.98 and a 1 year high of $38.03. The stock has a market capitalization of $56.80 billion, a P/E ratio of 16.75, a P/E/G ratio of 1.92 and a beta of 1.25. The company’s 50-day moving average is $32.07 and its 200 day moving average is $33.39. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23.

CSX (NASDAQ:CSX) last posted its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. On average, sell-side analysts expect that CSX Co. will post 1.83 earnings per share for the current year.

CSX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.13 dividend. This is an increase from CSX’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a yield of 1.73%. CSX’s dividend payout ratio is 29.05%.

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.