Barlow Wealth Partners Inc. Takes Position in CSX Co. (NASDAQ:CSX)

Barlow Wealth Partners Inc. bought a new position in CSX Co. (NASDAQ:CSX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,402 shares of the transportation company’s stock, valued at approximately $361,000.

Other large investors have also modified their holdings of the company. Patrick M Sweeney & Associates Inc. bought a new position in CSX during the fourth quarter valued at about $991,000. Sovereign Financial Group Inc. lifted its stake in CSX by 1.9% during the fourth quarter. Sovereign Financial Group Inc. now owns 38,743 shares of the transportation company’s stock valued at $1,343,000 after purchasing an additional 706 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in CSX by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,217,832 shares of the transportation company’s stock worth $388,922,000 after buying an additional 135,169 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in CSX by 15.2% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 19,007 shares of the transportation company’s stock worth $659,000 after buying an additional 2,512 shares during the last quarter. Finally, Apollon Wealth Management LLC increased its holdings in shares of CSX by 28.4% in the fourth quarter. Apollon Wealth Management LLC now owns 32,769 shares of the transportation company’s stock valued at $1,136,000 after buying an additional 7,257 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on CSX. Stifel Nicolaus upped their target price on CSX from $37.00 to $39.00 and gave the company a “buy” rating in a report on Friday, April 12th. Susquehanna boosted their price target on shares of CSX from $42.00 to $44.00 and gave the company a “positive” rating in a report on Thursday, March 28th. Benchmark restated a “buy” rating and issued a $40.00 price target on shares of CSX in a research report on Thursday, April 18th. TD Cowen boosted their target price on shares of CSX from $32.00 to $36.00 and gave the company a “market perform” rating in a research note on Thursday, January 25th. Finally, Jefferies Financial Group reduced their target price on CSX from $40.00 to $38.00 and set a “hold” rating for the company in a report on Thursday, April 18th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $38.00.

CSX Stock Performance

Shares of NASDAQ CSX traded up $0.28 during trading hours on Tuesday, hitting $33.96. 9,546,209 shares of the stock were exchanged, compared to its average volume of 12,242,812. The firm has a market capitalization of $66.39 billion, a P/E ratio of 18.66, a P/E/G ratio of 2.03 and a beta of 1.19. CSX Co. has a one year low of $29.03 and a one year high of $40.12. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.15 and a quick ratio of 1.00. The company’s 50 day moving average is $36.06 and its 200 day moving average is $34.64.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.01. The company had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.66 billion. CSX had a return on equity of 29.58% and a net margin of 24.75%. The firm’s revenue was down .8% compared to the same quarter last year. During the same period last year, the business posted $0.48 earnings per share. On average, research analysts expect that CSX Co. will post 1.95 EPS for the current 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 given a dividend of $0.12 per share. The ex-dividend date was Wednesday, February 28th. This is an increase from CSX’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a yield of 1.41%. CSX’s dividend payout ratio (DPR) is 26.37%.

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.