First Horizon Advisors Inc. Has $631,000 Stock Holdings in CSX Co. (NASDAQ:CSX)

First Horizon Advisors Inc. increased its stake in shares of CSX Co. (NASDAQ:CSX) by 19.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,283 shares of the transportation company’s stock after purchasing an additional 3,031 shares during the quarter. First Horizon Advisors Inc.’s holdings in CSX were worth $631,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Itau Unibanco Holding S.A. bought a new stake in shares of CSX in the 2nd quarter valued at $26,000. Valley Wealth Managers Inc. raised its holdings in shares of CSX by 177.8% in the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 480 shares during the last quarter. MFA Wealth Advisors LLC bought a new position in shares of CSX during the 2nd quarter worth approximately $27,000. Morton Brown Family Wealth LLC purchased a new position in CSX in the third quarter worth $31,000. Finally, Fairscale Capital LLC purchased a new position in shares of CSX in the 2nd quarter worth about $32,000. 73.57% of the stock is currently owned by institutional investors.

CSX Price Performance

Shares of NASDAQ CSX opened at $35.31 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23. The business’s fifty day moving average price is $34.43 and its two-hundred day moving average price is $33.93. The firm has a market capitalization of $68.09 billion, a PE ratio of 18.98, a P/E/G ratio of 2.20 and a beta of 1.19. CSX Co. has a 1-year low of $31.65 and a 1-year high of $40.12.

CSX (NASDAQ:CSX) last announced its earnings results on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). The firm had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.68 billion. CSX had a return on equity of 28.92% and a net margin of 24.77%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.42 earnings per share. On average, research analysts expect that CSX Co. will post 1.84 EPS for the current year.

CSX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Friday, November 29th. CSX’s payout ratio is currently 25.81%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Stifel Nicolaus decreased their price objective on CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. JPMorgan Chase & Co. lifted their price target on shares of CSX from $39.00 to $42.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 6th. TD Cowen reduced their price target on CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. Evercore ISI lowered their price target on CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Finally, Citigroup raised their target price on shares of CSX from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $38.78.

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.