CSX Co. (NASDAQ:CSX) Shares Purchased by Catalyst Financial Partners LLC

Catalyst Financial Partners LLC raised its stake in CSX Co. (NASDAQ:CSX) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,055 shares of the transportation company’s stock after purchasing an additional 492 shares during the quarter. Catalyst Financial Partners LLC’s holdings in CSX were worth $418,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CSX. Fortitude Family Office LLC purchased a new position in CSX in the fourth quarter valued at about $27,000. Life Planning Partners Inc purchased a new stake in shares of CSX during the fourth quarter worth about $27,000. Venturi Wealth Management LLC increased its position in shares of CSX by 228.4% during the third quarter. Venturi Wealth Management LLC now owns 995 shares of the transportation company’s stock worth $31,000 after acquiring an additional 692 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of CSX during the fourth quarter worth about $34,000. Finally, Avion Wealth increased its position in shares of CSX by 450.5% during the fourth quarter. Avion Wealth now owns 1,002 shares of the transportation company’s stock worth $35,000 after acquiring an additional 820 shares during the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Stock Up 0.8 %

Shares of CSX traded up $0.26 during trading hours on Wednesday, reaching $34.22. The company’s stock had a trading volume of 8,092,222 shares, compared to its average volume of 12,196,176. The company has a quick ratio of 1.00, a current ratio of 1.15 and a debt-to-equity ratio of 1.42. The firm has a market cap of $66.90 billion, a price-to-earnings ratio of 18.80, a P/E/G ratio of 2.03 and a beta of 1.19. The company has a 50 day moving average of $36.06 and a two-hundred day moving average of $34.64. CSX Co. has a 1-year low of $29.03 and a 1-year high of $40.12.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Wednesday, April 17th. The transportation company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.01. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.66 billion. CSX had a net margin of 24.75% and a return on equity of 29.58%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.48 EPS. As a group, research analysts predict that CSX Co. will post 1.95 EPS for the current fiscal year.

CSX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.40%. CSX’s payout ratio is presently 26.37%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CSX. Bank of America dropped their target price on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. StockNews.com lowered CSX from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Royal Bank of Canada dropped their target price on CSX from $37.00 to $36.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 18th. Stifel Nicolaus lifted their price target on CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Finally, UBS Group decreased their price target on CSX from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.00.

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.