6,173 Shares in CSX Co. (NASDAQ:CSX) Bought by Delta Financial Group Inc.

Delta Financial Group Inc. acquired a new position in shares of CSX Co. (NASDAQ:CSX) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 6,173 shares of the transportation company’s stock, valued at approximately $214,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Patron Partners LLC bought a new stake in shares of CSX in the fourth quarter valued at about $208,000. Global Retirement Partners LLC raised its stake in CSX by 7.7% in the fourth quarter. Global Retirement Partners LLC now owns 12,661 shares of the transportation company’s stock valued at $440,000 after purchasing an additional 908 shares in the last quarter. Blue Trust Inc. raised its stake in CSX by 7.2% in the fourth quarter. Blue Trust Inc. now owns 30,085 shares of the transportation company’s stock valued at $1,043,000 after purchasing an additional 2,010 shares in the last quarter. Traynor Capital Management Inc. raised its stake in CSX by 9.0% in the fourth quarter. Traynor Capital Management Inc. now owns 38,705 shares of the transportation company’s stock valued at $1,342,000 after purchasing an additional 3,196 shares in the last quarter. Finally, SeaCrest Wealth Management LLC raised its stake in CSX by 8.4% in the fourth quarter. SeaCrest Wealth Management LLC now owns 30,238 shares of the transportation company’s stock valued at $1,047,000 after purchasing an additional 2,354 shares in the last quarter. 73.57% of the stock is owned by institutional investors.

CSX Trading Up 0.6 %

Shares of NASDAQ:CSX traded up $0.23 during trading on Friday, reaching $37.07. 8,659,560 shares of the company traded hands, compared to its average volume of 10,916,535. The firm has a market capitalization of $72.57 billion, a price-to-earnings ratio of 20.15, a P/E/G ratio of 2.13 and a beta of 1.18. CSX Co. has a 52-week low of $29.03 and a 52-week high of $40.12. The company has a current ratio of 1.05, a quick ratio of 0.91 and a debt-to-equity ratio of 1.48. The business’s fifty day moving average is $36.94 and its 200-day moving average is $33.81.

CSX (NASDAQ:CSX) last announced its earnings results on Tuesday, January 23rd. The transportation company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. CSX had a return on equity of 30.52% and a net margin of 25.35%. The company had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter in the prior year, the company earned $0.49 earnings per share. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. As a group, analysts forecast that CSX Co. will post 1.96 EPS for the current year.

CSX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This is a boost from CSX’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 1.29%. CSX’s dividend payout ratio (DPR) is 26.09%.

Analyst Ratings Changes

Several brokerages have commented on CSX. Susquehanna boosted their target price on CSX from $42.00 to $44.00 and gave the stock a “positive” rating in a research note on Thursday. Stifel Nicolaus lowered their price objective on CSX from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, January 25th. StockNews.com downgraded CSX from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. JPMorgan Chase & Co. cut their target price on CSX from $40.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, December 21st. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $34.00 target price on shares of CSX in a report on Thursday, January 25th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $36.88.

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.