Legacy Financial Advisors Inc. Buys 547 Shares of CSX Co. (NASDAQ:CSX)

Legacy Financial Advisors Inc. raised its position in shares of CSX Co. (NASDAQ:CSX) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,795 shares of the transportation company’s stock after acquiring an additional 547 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in CSX were worth $964,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fortitude Family Office LLC purchased a new position in CSX during the 4th quarter valued at about $27,000. Life Planning Partners Inc purchased a new position in shares of CSX during the fourth quarter valued at approximately $27,000. Venturi Wealth Management LLC boosted its position in shares of CSX by 228.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 995 shares of the transportation company’s stock worth $31,000 after purchasing an additional 692 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in CSX during the 4th quarter valued at approximately $34,000. Finally, Avion Wealth raised its stake in CSX by 450.5% during the fourth quarter. Avion Wealth now owns 1,002 shares of the transportation company’s stock valued at $35,000 after buying an additional 820 shares during the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on CSX shares. Bank of America cut their target price on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Stifel Nicolaus boosted their target price on CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. TD Cowen lifted their price target 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 price objective on shares of CSX from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Finally, UBS Group cut their target price on shares of CSX from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $38.00.

CSX Price Performance

Shares of NASDAQ CSX traded up $0.28 during midday trading on Friday, reaching $33.85. 6,618,097 shares of the stock traded hands, compared to its average volume of 14,806,096. The company’s 50 day moving average is $36.23 and its 200 day moving average is $34.54. CSX Co. has a one year low of $29.03 and a one year high of $40.12. The stock has a market capitalization of $66.17 billion, a PE ratio of 18.60, a P/E/G ratio of 2.03 and a beta of 1.19. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.15 and a quick ratio of 1.00.

CSX (NASDAQ:CSX) last released its quarterly earnings results on Wednesday, April 17th. The transportation company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.45 by $0.01. The company had revenue of $3.68 billion during 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 firm’s revenue was down .8% on a year-over-year basis. During the same quarter last year, the business posted $0.48 earnings per share. On average, equities research analysts anticipate that CSX Co. will post 1.95 earnings per share for the current year.

CSX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.42%. This is an increase from CSX’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Wednesday, February 28th. CSX’s dividend payout ratio is presently 26.37%.

CSX 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.