Pittenger & Anderson Inc. grew its position in CSX Co. (NASDAQ:CSX – Get Rating) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 161,096 shares of the transportation company’s stock after purchasing an additional 608 shares during the period. Pittenger & Anderson Inc.’s holdings in CSX were worth $6,057,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital Advisors Ltd. LLC acquired a new stake in CSX in the 4th quarter valued at $34,000. Ahrens Investment Partners LLC acquired a new position in shares of CSX during the fourth quarter worth about $48,000. Godsey & Gibb Associates acquired a new position in CSX during the third quarter valued at approximately $49,000. Ovata Capital Management Ltd acquired a new position in CSX during the third quarter valued at approximately $49,000. Finally, Equitec Proprietary Markets LLC bought a new stake in CSX in the fourth quarter valued at approximately $49,000. 74.81% of the stock is currently owned by institutional investors and hedge funds.
CSX has been the topic of a number of recent research reports. Wells Fargo & Company lowered their target price on CSX from $41.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Friday, January 21st. Cowen raised their price objective on CSX from $35.00 to $38.00 and gave the stock a “market perform” rating in a research note on Friday, January 21st. Deutsche Bank Aktiengesellschaft lowered their price objective on CSX from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Monday, January 24th. Morgan Stanley lowered their price objective on CSX from $26.00 to $25.00 and set an “underweight” rating on the stock in a research note on Friday, January 21st. Finally, Wolfe Research lowered their price objective on CSX from $41.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, January 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $38.91.
CSX (NASDAQ:CSX – Get Rating) last announced its quarterly earnings data on Wednesday, April 20th. The transportation company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.31 billion. CSX had a net margin of 29.98% and a return on equity of 27.47%. The company’s revenue was up 21.3% on a year-over-year basis. During the same period last year, the firm earned $0.31 EPS. On average, equities analysts expect that CSX Co. will post 1.82 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.21%. CSX’s dividend payout ratio (DPR) is presently 22.73%.
CSX Profile (Get Rating)
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 transports chemicals, agricultural and food products, automotive, minerals, 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.
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