DiNuzzo Private Wealth Inc. Invests $101,000 in CSX Co. (NASDAQ:CSX)

DiNuzzo Private Wealth Inc. acquired a new stake in CSX Co. (NASDAQ:CSX) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,901 shares of the transportation company’s stock, valued at approximately $101,000.

Other large investors also recently added to or reduced their stakes in the company. Fortitude Family Office LLC acquired a new position in CSX during the fourth quarter worth $27,000. Life Planning Partners Inc purchased a new position in CSX in the fourth quarter valued at $27,000. Venturi Wealth Management LLC increased its holdings in CSX by 228.4% during 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 during the period. Turtle Creek Wealth Advisors LLC acquired a new position in shares of CSX during the fourth quarter worth about $34,000. Finally, Avion Wealth lifted its stake in CSX by 450.5% in 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 currently owned by institutional investors and hedge funds.

CSX Trading Up 0.3 %

NASDAQ:CSX traded up $0.10 on Wednesday, reaching $33.32. The stock had a trading volume of 6,619,647 shares, compared to its average volume of 12,342,920. The company has a market cap of $65.14 billion, a price-to-earnings ratio of 18.23, a P/E/G ratio of 2.03 and a beta of 1.18. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.15 and a quick ratio of 1.00. The firm’s fifty day moving average is $36.48 and its two-hundred day moving average is $34.54. CSX Co. has a 12-month low of $29.03 and a 12-month high of $40.12.

CSX (NASDAQ:CSX) last released its earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The company 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 firm’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 EPS. Equities analysts expect that CSX Co. will post 1.95 EPS for the current fiscal year.

CSX Increases Dividend

The firm also recently announced 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. This represents a $0.48 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Wednesday, February 28th. This is an increase from CSX’s previous quarterly dividend of $0.11. CSX’s dividend payout ratio is 26.37%.

Wall Street Analysts Forecast Growth

CSX has been the subject of a number of recent research reports. Bank of America decreased their price target on shares of CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Jefferies Financial Group reduced their price target on shares of CSX from $40.00 to $38.00 and set a “hold” rating for the company in a research report on Thursday, April 18th. Susquehanna upped their price target on shares of CSX from $42.00 to $44.00 and gave the company a “positive” rating in a research report on Thursday, March 28th. BMO Capital Markets upped their price target 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, Raymond James boosted their price objective on shares of CSX from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Tuesday, January 16th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.