Ritholtz Wealth Management Has $3.16 Million Position in CSX Co. (NASDAQ:CSX)

Ritholtz Wealth Management increased its holdings in shares of CSX Co. (NASDAQ:CSX) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 91,049 shares of the transportation company’s stock after acquiring an additional 2,405 shares during the period. Ritholtz Wealth Management’s holdings in CSX were worth $3,157,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Altfest L J & Co. Inc. lifted its holdings in CSX by 13.7% during the 4th quarter. Altfest L J & Co. Inc. now owns 11,005 shares of the transportation company’s stock valued at $382,000 after purchasing an additional 1,324 shares during the last quarter. Procyon Advisors LLC lifted its holdings in CSX by 3.5% during the 4th quarter. Procyon Advisors LLC now owns 96,492 shares of the transportation company’s stock valued at $3,345,000 after purchasing an additional 3,282 shares during the last quarter. Northstar Advisory Group LLC bought a new position in CSX during the 4th quarter valued at about $251,000. IFG Advisory LLC lifted its holdings in CSX by 11.9% during the 4th quarter. IFG Advisory LLC now owns 15,368 shares of the transportation company’s stock valued at $533,000 after purchasing an additional 1,637 shares during the last quarter. Finally, Highland Capital Management LLC lifted its holdings in CSX by 1.2% during the 4th quarter. Highland Capital Management LLC now owns 123,097 shares of the transportation company’s stock valued at $4,268,000 after purchasing an additional 1,506 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on CSX. TD Cowen lifted their price target on shares of CSX from $32.00 to $36.00 and gave the company a “market perform” rating in a report on Thursday, January 25th. Raymond James boosted their target price on shares of CSX from $35.00 to $38.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 16th. Stifel Nicolaus dropped their target price on shares of CSX from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, January 25th. StockNews.com downgraded shares of CSX from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $34.00 target price on shares of CSX in a research note on Thursday, January 25th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $36.88.

CSX Trading Up 0.6 %

NASDAQ CSX traded up $0.23 during trading on Thursday, reaching $37.07. 8,659,547 shares of the stock traded hands, compared to its average volume of 11,666,185. The firm has a market cap of $72.57 billion, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 2.09 and a beta of 1.18. The stock’s 50-day moving average price is $36.89 and its 200 day moving average price is $33.79. The company has a quick ratio of 0.91, a current ratio of 1.05 and a debt-to-equity ratio of 1.48. CSX Co. has a fifty-two week low of $29.03 and a fifty-two week high of $40.12.

CSX (NASDAQ:CSX) last issued 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. The firm had revenue of $3.68 billion during 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 revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.49 earnings per share. Analysts predict that CSX Co. will post 1.96 EPS for the current year.

CSX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.48 dividend on an annualized basis and a yield of 1.29%. This is a boost from CSX’s previous quarterly dividend of $0.11. CSX’s 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.