Roxbury Financial LLC Takes $174,000 Position in CSX Co. (NASDAQ:CSX)

Roxbury Financial LLC bought a new stake in CSX Co. (NASDAQ:CSX) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,382 shares of the transportation company’s stock, valued at approximately $174,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Myriad Asset Management US LP acquired a new position in CSX in the fourth quarter valued at $1,511,000. Center for Financial Planning Inc. grew its holdings in shares of CSX by 205.7% during the fourth quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company’s stock worth $35,000 after buying an additional 720 shares during the last quarter. Quadrant Private Wealth Management LLC increased its position in CSX by 9.6% in the 4th quarter. Quadrant Private Wealth Management LLC now owns 7,941 shares of the transportation company’s stock valued at $256,000 after acquiring an additional 695 shares during the period. Asset Planning Inc purchased a new stake in CSX during the 4th quarter valued at approximately $243,000. Finally, V Square Quantitative Management LLC grew its stake in shares of CSX by 3.9% in the 4th quarter. V Square Quantitative Management LLC now owns 40,802 shares of the transportation company’s stock valued at $1,317,000 after purchasing an additional 1,524 shares during the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on CSX. Stephens restated an “overweight” rating and set a $38.00 price target on shares of CSX in a research note on Friday, January 24th. Loop Capital downgraded shares of CSX from a “buy” rating to a “hold” rating and cut their price objective for the stock from $40.00 to $34.00 in a research report on Monday, February 3rd. JPMorgan Chase & Co. lowered their target price on shares of CSX from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Wells Fargo & Company dropped their price target on shares of CSX from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Finally, Jefferies Financial Group upgraded shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Friday, January 10th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $37.16.

CSX Stock Performance

NASDAQ:CSX opened at $33.37 on Friday. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The company has a market capitalization of $64.35 billion, a P/E ratio of 18.64, a price-to-earnings-growth ratio of 1.91 and a beta of 1.23. The firm has a 50-day moving average price of $32.74 and a two-hundred day moving average price of $33.83. CSX Co. has a twelve month low of $31.43 and a twelve month high of $40.12.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. As a group, research analysts expect that CSX Co. will post 1.86 earnings per share for the current fiscal year.

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.56%. This is a positive change from CSX’s previous quarterly dividend of $0.12. CSX’s dividend payout ratio (DPR) is presently 26.82%.

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 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.