Curran Financial Partners LLC Decreases Position in CSX Co. (NASDAQ:CSX)

Curran Financial Partners LLC decreased its holdings in shares of CSX Co. (NASDAQ:CSX) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,890 shares of the transportation company’s stock after selling 408 shares during the quarter. Curran Financial Partners LLC’s holdings in CSX were worth $340,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Tranquility Partners LLC increased its holdings in shares of CSX by 40.5% in the fourth quarter. Tranquility Partners LLC now owns 11,961 shares of the transportation company’s stock valued at $415,000 after purchasing an additional 3,449 shares during the period. Daiwa Securities Group Inc. grew its holdings in CSX by 11.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 321,912 shares of the transportation company’s stock worth $11,161,000 after acquiring an additional 32,221 shares during the period. Sfmg LLC grew its holdings in CSX by 1.0% during the fourth quarter. Sfmg LLC now owns 296,757 shares of the transportation company’s stock worth $10,289,000 after acquiring an additional 2,874 shares during the period. Kiley Juergens Wealth Management LLC grew its holdings in CSX by 16.6% during the fourth quarter. Kiley Juergens Wealth Management LLC now owns 12,644 shares of the transportation company’s stock worth $438,000 after acquiring an additional 1,800 shares during the period. Finally, Tyche Wealth Partners LLC acquired a new position in CSX during the fourth quarter worth $285,000. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. BMO Capital Markets upped their price objective on CSX from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Stifel Nicolaus upped their price objective on CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Raymond James boosted their target price on CSX from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 16th. Susquehanna boosted their target price on CSX from $42.00 to $44.00 and gave the stock a “positive” rating in a research report on Thursday, March 28th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $34.00 target price on shares of CSX in a research report on Thursday, January 25th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, CSX presently has an average rating of “Moderate Buy” and a consensus price target of $37.22.

CSX Price Performance

Shares of NASDAQ:CSX traded up $0.71 on Thursday, hitting $34.87. The company had a trading volume of 8,343,160 shares, compared to its average volume of 11,867,755. The company has a current ratio of 1.05, a quick ratio of 0.91 and a debt-to-equity ratio of 1.48. CSX Co. has a 52-week low of $29.03 and a 52-week high of $40.12. The business has a 50 day moving average of $36.98 and a 200 day moving average of $34.32. The company has a market cap of $68.26 billion, a PE ratio of 18.91, a PEG ratio of 2.01 and a beta of 1.18.

CSX (NASDAQ:CSX) last released its earnings results on Wednesday, April 17th. The transportation company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.45 by $0.01. The firm had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.66 billion. CSX had a return on equity of 30.52% and a net margin of 25.35%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.48 earnings per share. As a group, equities analysts anticipate that CSX Co. will post 1.97 earnings per share for the current fiscal year.

CSX Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid a $0.12 dividend. This is a positive change from CSX’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 1.38%. The ex-dividend date was Wednesday, February 28th. CSX’s dividend payout ratio is presently 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.