Capital Advisors Inc. OK Invests $303,000 in CSX Co. (NASDAQ:CSX)

Capital Advisors Inc. OK bought a new position in CSX Co. (NASDAQ:CSX) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 8,749 shares of the transportation company’s stock, valued at approximately $303,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Fortitude Family Office LLC purchased a new position in CSX in the fourth quarter valued at approximately $27,000. Life Planning Partners Inc purchased a new position in CSX in the fourth quarter valued at approximately $27,000. Fortis Capital Advisors LLC purchased a new position in CSX in the fourth quarter valued at approximately $27,000. Venturi Wealth Management LLC lifted its stake in CSX by 228.4% in the third quarter. Venturi Wealth Management LLC now owns 995 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 692 shares during the last quarter. Finally, Janiczek Wealth Management LLC lifted its stake in CSX by 897.2% in the third quarter. Janiczek Wealth Management LLC now owns 1,067 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 960 shares during the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on CSX shares. Susquehanna upped their price objective on CSX from $42.00 to $44.00 and gave the company a “positive” rating in a research note on Thursday, March 28th. Stifel Nicolaus upped their price objective on CSX from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Friday. Royal Bank of Canada restated a “sector perform” rating and set a $34.00 target price on shares of CSX in a research report on Thursday, January 25th. Raymond James increased their target price on CSX from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 16th. Finally, TD Cowen increased their target price on CSX from $32.00 to $36.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, CSX has an average rating of “Moderate Buy” and a consensus target price of $37.28.

CSX Trading Down 0.3 %

CSX stock opened at $35.34 on Monday. The stock has a market cap of $69.18 billion, a P/E ratio of 19.21, a PEG ratio of 2.04 and a beta of 1.18. CSX Co. has a fifty-two week low of $29.03 and a fifty-two week high of $40.12. The firm’s fifty day moving average price is $37.11 and its 200-day moving average price is $34.26. 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 (NASDAQ:CSX) last released its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. The firm had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.63 billion. CSX had a net margin of 25.35% and a return on equity of 30.52%. The business’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 earnings per share. Equities research analysts forecast that CSX Co. will post 1.97 earnings per share for the current fiscal year.

CSX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Wednesday, February 28th. This is a boost from CSX’s previous quarterly dividend of $0.11. CSX’s dividend 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.