B.O.S.S. Retirement Advisors LLC Has $4.10 Million Stock Holdings in CSX Co. (NASDAQ:CSX)

B.O.S.S. Retirement Advisors LLC raised its holdings in CSX Co. (NASDAQ:CSX) by 11.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 118,730 shares of the transportation company’s stock after purchasing an additional 12,627 shares during the quarter. B.O.S.S. Retirement Advisors LLC’s holdings in CSX were worth $4,100,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. SageView Advisory Group LLC increased its holdings in shares of CSX by 13.2% during the 4th quarter. SageView Advisory Group LLC now owns 7,374 shares of the transportation company’s stock worth $264,000 after acquiring an additional 858 shares during the last quarter. Rise Advisors LLC increased its holdings in shares of CSX by 287.7% during the 1st quarter. Rise Advisors LLC now owns 1,361 shares of the transportation company’s stock worth $50,000 after acquiring an additional 1,010 shares during the last quarter. Czech National Bank increased its holdings in shares of CSX by 0.5% during the 1st quarter. Czech National Bank now owns 347,702 shares of the transportation company’s stock worth $12,889,000 after acquiring an additional 1,595 shares during the last quarter. Wedmont Private Capital increased its holdings in shares of CSX by 7.9% during the 1st quarter. Wedmont Private Capital now owns 15,138 shares of the transportation company’s stock worth $544,000 after acquiring an additional 1,109 shares during the last quarter. Finally, Park Avenue Securities LLC increased its holdings in shares of CSX by 6.8% during the 1st quarter. Park Avenue Securities LLC now owns 76,256 shares of the transportation company’s stock worth $2,827,000 after acquiring an additional 4,823 shares during the last quarter. 73.57% of the stock is owned by institutional investors and hedge funds.

CSX Stock Performance

CSX opened at $35.47 on Thursday. The firm has a market cap of $69.34 billion, a P/E ratio of 19.49, a price-to-earnings-growth ratio of 1.90 and a beta of 1.19. CSX Co. has a 52-week low of $29.03 and a 52-week high of $40.12. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.01 and a current ratio of 1.16. The business’s fifty day moving average is $34.05 and its 200-day moving average is $33.99.

CSX (NASDAQ:CSX) last released its earnings results on Monday, August 5th. The transportation company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. CSX had a return on equity of 29.11% and a net margin of 24.52%. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same period in the prior year, the firm posted $0.49 EPS. CSX’s quarterly revenue was up .0% on a year-over-year basis. Sell-side analysts expect that CSX Co. will post 1.93 EPS for the current fiscal year.

CSX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.48 annualized dividend and a dividend yield of 1.35%. CSX’s dividend payout ratio is currently 26.37%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CSX. Citigroup began coverage on CSX in a report on Wednesday, October 9th. They set a “buy” rating and a $42.00 target price on the stock. Barclays decreased their price objective on CSX from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, September 25th. Bank of America lowered CSX from a “buy” rating to a “neutral” rating and set a $37.00 price objective on the stock. in a report on Monday, July 8th. Stephens reaffirmed an “overweight” rating and issued a $42.00 price objective on shares of CSX in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. upped their price objective on CSX from $39.00 to $42.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. Seven research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.19.

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.