14,846 Shares in CSX Co. (NASDAQ:CSX) Acquired by Bryce Point Capital LLC

Bryce Point Capital LLC bought a new position in CSX Co. (NASDAQ:CSX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 14,846 shares of the transportation company’s stock, valued at approximately $479,000.

Several other hedge funds have also bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new stake in shares of CSX in the 4th quarter worth about $31,000. Sierra Ocean LLC bought a new position in CSX in the fourth quarter worth approximately $33,000. Center for Financial Planning Inc. grew its position in shares of CSX by 205.7% during the 4th 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. Meeder Asset Management Inc. increased its position in CSX by 216.2% during the 4th quarter. Meeder Asset Management Inc. now owns 1,091 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 746 shares during the period. Finally, Atala Financial Inc purchased a new position in CSX during the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Stock Performance

CSX opened at $27.21 on Friday. The business has a fifty day simple moving average of $31.32 and a 200-day simple moving average of $33.04. The firm has a market cap of $51.28 billion, a PE ratio of 15.20, a P/E/G ratio of 1.92 and a beta of 1.22. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. CSX Co. has a fifty-two week low of $26.95 and a fifty-two week high of $37.10.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. As a group, equities analysts predict that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.13 per share. The ex-dividend date was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.91%. This is a boost from CSX’s previous quarterly dividend of $0.12. CSX’s dividend payout ratio (DPR) is 29.05%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CSX. Barclays decreased their price target on CSX from $38.00 to $35.00 and set an “overweight” rating for the company in a research note on Wednesday. Royal Bank of Canada lowered their price target on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a report on Friday, January 24th. JPMorgan Chase & Co. cut their price target on shares of CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Wells Fargo & Company reduced their target price on CSX from $34.00 to $31.00 and set an “equal weight” rating for the company in a report on Thursday, March 27th. Finally, BMO Capital Markets decreased their price target on shares of CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, January 24th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.20.

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.