FormulaFolio Investments LLC Makes New $566,000 Investment in CSX Co. (NASDAQ:CSX)


Share on StockTwits

FormulaFolio Investments LLC acquired a new position in shares of CSX Co. (NASDAQ:CSX) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,240 shares of the transportation company’s stock, valued at approximately $566,000.

Several other large investors have also added to or reduced their stakes in CSX. Capital Asset Advisory Services LLC lifted its stake in CSX by 3.8% in the 4th quarter. Capital Asset Advisory Services LLC now owns 2,979 shares of the transportation company’s stock valued at $270,000 after acquiring an additional 109 shares in the last quarter. Integrated Investment Consultants LLC lifted its position in shares of CSX by 1.9% during the 4th quarter. Integrated Investment Consultants LLC now owns 6,320 shares of the transportation company’s stock valued at $574,000 after acquiring an additional 120 shares during the period. CHICAGO TRUST Co NA lifted its position in shares of CSX by 1.7% during the 4th quarter. CHICAGO TRUST Co NA now owns 7,122 shares of the transportation company’s stock worth $646,000 after buying an additional 122 shares during the last quarter. Lido Advisors LLC lifted its position in shares of CSX by 3.5% during the 4th quarter. Lido Advisors LLC now owns 3,684 shares of the transportation company’s stock worth $334,000 after buying an additional 124 shares during the last quarter. Finally, Sanchez Wealth Management Group lifted its position in shares of CSX by 0.9% during the 4th quarter. Sanchez Wealth Management Group now owns 14,733 shares of the transportation company’s stock worth $1,337,000 after buying an additional 128 shares during the last quarter. Institutional investors and hedge funds own 73.75% of the company’s stock.

Shares of CSX stock opened at $96.95 on Thursday. The company has a quick ratio of 1.73, a current ratio of 1.84 and a debt-to-equity ratio of 1.27. The business has a 50-day moving average price of $93.42 and a two-hundred day moving average price of $88.51. CSX Co. has a 12-month low of $58.80 and a 12-month high of $98.85. The firm has a market cap of $73.63 billion, a P/E ratio of 26.93, a price-to-earnings-growth ratio of 3.00 and a beta of 1.18.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Wednesday, January 20th. The transportation company reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.04. CSX had a return on equity of 22.83% and a net margin of 26.08%. The firm had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. As a group, research analysts expect that CSX Co. will post 3.61 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Friday, February 26th were given a dividend of $0.28 per share. This is a positive change from CSX’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, February 25th. This represents a $1.12 dividend on an annualized basis and a yield of 1.16%. CSX’s dividend payout ratio is presently 26.86%.

Several equities research analysts have recently weighed in on CSX shares. Morgan Stanley increased their price target on CSX from $60.00 to $62.00 and gave the company an “underweight” rating in a research note on Friday, January 22nd. Cowen raised their price objective on CSX from $84.00 to $91.00 and gave the company a “market perform” rating in a research note on Friday, January 22nd. Vertical Research started coverage on CSX in a research note on Friday, March 26th. They issued a “hold” rating for the company. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their price objective on CSX from $87.00 to $105.00 in a research note on Monday, January 11th. Finally, Royal Bank of Canada dropped their target price on CSX from $102.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, January 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $90.60.

CSX 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 transports chemicals, agricultural and food products, automotive, minerals, 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.

Featured Story: How to execute a trade ex-dividend strategy?

Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

Receive News & Ratings for CSX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSX and related companies with MarketBeat.com's FREE daily email newsletter.