First Citizens Bank & Trust Co. Purchases 967 Shares of CSX Co. (NASDAQ:CSX)

First Citizens Bank & Trust Co. increased its stake in shares of CSX Co. (NASDAQ:CSX) by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,338 shares of the transportation company’s stock after buying an additional 967 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in CSX were worth $566,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Fortitude Family Office LLC bought a new stake in CSX during the fourth quarter worth $27,000. Life Planning Partners Inc purchased a new position in CSX in the fourth quarter worth $27,000. Fortis Capital Advisors LLC purchased a new position in CSX in the fourth quarter worth $27,000. Venturi Wealth Management LLC boosted its position in CSX by 228.4% in the third quarter. Venturi Wealth Management LLC now owns 995 shares of the transportation company’s stock worth $31,000 after purchasing an additional 692 shares during the last quarter. Finally, Janiczek Wealth Management LLC boosted its position in CSX by 897.2% in the third quarter. Janiczek Wealth Management LLC now owns 1,067 shares of the transportation company’s stock worth $33,000 after purchasing an additional 960 shares during the last quarter. Institutional investors own 73.57% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on CSX. StockNews.com cut CSX from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Benchmark reissued a “buy” rating and issued a $38.00 price objective on shares of CSX in a research report on Thursday, January 25th. TD Cowen boosted their price objective on CSX from $32.00 to $36.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. Stifel Nicolaus cut their price objective on CSX from $38.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, January 25th. Finally, Raymond James boosted their price objective on CSX from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 16th. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, CSX presently has an average rating of “Moderate Buy” and a consensus price target of $36.88.

CSX Stock Performance

NASDAQ:CSX opened at $36.51 on Wednesday. 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 52-week low of $29.03 and a 52-week high of $40.12. The firm has a market cap of $71.47 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 2.15 and a beta of 1.18. The business’s fifty day moving average is $37.03 and its 200 day moving average is $33.94.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. CSX had a return on equity of 30.52% and a net margin of 25.35%. The company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.63 billion. During the same period in the previous year, the company posted $0.49 EPS. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. Research analysts predict that CSX Co. will post 1.96 EPS for the current year.

CSX Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a $0.12 dividend. This is a positive change from CSX’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date was Wednesday, February 28th. CSX’s dividend payout ratio is currently 26.09%.

CSX 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.