CSX Co. (NASDAQ:CSX) Shares Sold by Kapstone Financial Advisors LLC

Kapstone Financial Advisors LLC cut its holdings in CSX Co. (NASDAQ:CSX) by 6.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 19,111 shares of the transportation company’s stock after selling 1,284 shares during the period. Kapstone Financial Advisors LLC’s holdings in CSX were worth $669,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Fortitude Family Office LLC acquired a new stake in shares of CSX during the fourth quarter valued at about $27,000. Life Planning Partners Inc bought a new position in shares of CSX during the fourth quarter worth about $27,000. Venturi Wealth Management LLC lifted its position in shares of CSX by 228.4% during 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. Turtle Creek Wealth Advisors LLC bought a new position in shares of CSX during the fourth quarter worth about $34,000. Finally, Avion Wealth lifted its position in shares of CSX by 450.5% during the fourth quarter. Avion Wealth now owns 1,002 shares of the transportation company’s stock worth $35,000 after purchasing an additional 820 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CSX shares. Raymond James lifted their price target on CSX from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Tuesday, January 16th. StockNews.com cut CSX from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. TD Cowen lifted their price target on CSX from $32.00 to $36.00 and gave the company a “market perform” rating in a report on Thursday, January 25th. Stifel Nicolaus lifted their price target on CSX from $37.00 to $39.00 and gave the company a “buy” rating in a report on Friday, April 12th. Finally, BMO Capital Markets lifted their price target on CSX from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $38.00.

CSX Trading Down 0.1 %

CSX stock traded down $0.04 during midday trading on Friday, hitting $33.99. 10,661,945 shares of the company’s stock were exchanged, compared to its average volume of 13,982,926. The stock’s fifty day moving average price is $36.61 and its 200-day moving average price is $34.49. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.00 and a current ratio of 1.15. The company has a market cap of $66.45 billion, a PE ratio of 18.68, a price-to-earnings-growth ratio of 2.04 and a beta of 1.18. CSX Co. has a one year low of $29.03 and a one year high of $40.12.

CSX (NASDAQ:CSX) last posted its earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.01. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.66 billion. CSX had a return on equity of 29.58% and a net margin of 24.75%. The company’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the company posted $0.48 earnings per share. Research analysts predict that CSX Co. will post 1.95 earnings per share for the current fiscal year.

CSX Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.41%. This is an increase from CSX’s previous quarterly dividend of $0.11. CSX’s payout ratio is currently 26.37%.

About CSX

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.