Xponance Inc. Boosts Stock Holdings in CSX Co. (NASDAQ:CSX)

Xponance Inc. lifted its stake in shares of CSX Co. (NASDAQ:CSX) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 274,065 shares of the transportation company’s stock after acquiring an additional 5,920 shares during the quarter. Xponance Inc.’s holdings in CSX were worth $9,502,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of CSX. Fortitude Family Office LLC purchased a new stake in shares of CSX during the fourth quarter worth $27,000. Life Planning Partners Inc purchased a new stake in shares of CSX during the fourth quarter worth $27,000. Fortis Capital Advisors LLC purchased a new position in CSX in the fourth quarter valued at $27,000. Venturi Wealth Management LLC boosted its stake in CSX by 228.4% in the third quarter. Venturi Wealth Management LLC now owns 995 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 692 shares in the last quarter. Finally, Janiczek Wealth Management LLC boosted its stake in CSX by 897.2% in the third quarter. Janiczek Wealth Management LLC now owns 1,067 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 960 shares in the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CSX shares. Raymond James upped their price objective on shares of CSX from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Tuesday, January 16th. Jefferies Financial Group decreased their target price on shares of CSX from $40.00 to $38.00 and set a “hold” rating for the company in a research note on Thursday. TD Cowen increased their target price on shares of CSX from $32.00 to $36.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. BMO Capital Markets increased their target price on shares of CSX from $37.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Finally, Royal Bank of Canada decreased their target price on shares of CSX from $37.00 to $36.00 and set a “sector perform” rating for the company in a research note on Thursday. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $37.72.

CSX Price Performance

CSX stock traded up $0.05 during mid-day trading on Friday, reaching $34.44. The company had a trading volume of 1,187,963 shares, compared to its average volume of 11,961,761. CSX Co. has a 1 year low of $29.03 and a 1 year high of $40.12. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.05 and a quick ratio of 0.91. The company has a market capitalization of $67.42 billion, a P/E ratio of 18.90, a P/E/G ratio of 1.97 and a beta of 1.18. The stock’s 50-day simple moving average is $36.93 and its 200-day simple moving average is $34.32.

CSX (NASDAQ:CSX) last issued its earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. CSX had a net margin of 24.75% and a return on equity of 29.88%. The company had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.66 billion. During the same period last year, the company posted $0.48 earnings per share. The firm’s quarterly revenue was down .8% compared to the same quarter last year. On average, equities analysts predict that CSX Co. will post 1.97 EPS for the current year.

CSX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.39%. This is a boost from CSX’s previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, February 28th. CSX’s dividend payout ratio (DPR) is 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.