CarsonAllaria Wealth Management Ltd. Makes New $193,000 Investment in CSX Co. (NASDAQ:CSX)

CarsonAllaria Wealth Management Ltd. bought a new position in CSX Co. (NASDAQ:CSXGet Rating) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,127 shares of the transportation company’s stock, valued at approximately $193,000.

A number of other institutional investors have also added to or reduced their stakes in CSX. DAVENPORT & Co LLC increased its holdings in CSX by 2.8% during the 4th quarter. DAVENPORT & Co LLC now owns 177,114 shares of the transportation company’s stock worth $6,659,000 after purchasing an additional 4,776 shares during the last quarter. Pittenger & Anderson Inc. increased its position in shares of CSX by 0.4% in the fourth quarter. Pittenger & Anderson Inc. now owns 161,096 shares of the transportation company’s stock worth $6,057,000 after purchasing an additional 608 shares during the period. Industrial Alliance Investment Management Inc. bought a new position in shares of CSX in the fourth quarter worth $353,000. WealthShield Partners LLC grew its position in CSX by 22.0% in the fourth quarter. WealthShield Partners LLC now owns 40,944 shares of the transportation company’s stock valued at $1,539,000 after acquiring an additional 7,377 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position in CSX by 1,505.0% in the fourth quarter. Acadian Asset Management LLC now owns 105,981 shares of the transportation company’s stock worth $3,980,000 after purchasing an additional 99,378 shares during the last quarter. 74.81% of the stock is currently owned by institutional investors.

CSX traded down $0.17 during trading on Thursday, hitting $33.00. 20,225,295 shares of the company traded hands, compared to its average volume of 15,896,654. The company has a quick ratio of 1.32, a current ratio of 1.46 and a debt-to-equity ratio of 1.21. CSX Co. has a one year low of $29.49 and a one year high of $38.63. The firm has a market cap of $71.75 billion, a P/E ratio of 18.61, a price-to-earnings-growth ratio of 1.88 and a beta of 1.21. The stock’s fifty day moving average is $35.34 and its 200 day moving average is $35.48.

CSX (NASDAQ:CSXGet Rating) last released its quarterly earnings results on Wednesday, April 20th. The transportation company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.31 billion. CSX had a return on equity of 27.47% and a net margin of 29.98%. The company’s revenue was up 21.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 EPS. On average, equities research analysts forecast that CSX Co. will post 1.82 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Friday, May 27th. CSX’s payout ratio is currently 22.73%.

Several brokerages have recently commented on CSX. Deutsche Bank Aktiengesellschaft reduced their target price on shares of CSX from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Monday, January 24th. Argus upped their price target on shares of CSX from $39.00 to $41.00 in a research report on Friday, April 22nd. Cowen lifted their price objective on shares of CSX from $35.00 to $38.00 and gave the company a “market perform” rating in a research note on Friday, January 21st. Susquehanna Bancshares raised their target price on shares of CSX from $44.00 to $45.00 and gave the stock a “positive” rating in a research report on Thursday, April 21st. Finally, Wells Fargo & Company cut their target price on CSX from $41.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Friday, January 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $38.91.

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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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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