Moors & Cabot Inc. Acquires 472 Shares of CSX Co. (NASDAQ:CSX)

Moors & Cabot Inc. boosted its holdings in shares of CSX Co. (NASDAQ:CSX) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 74,115 shares of the transportation company’s stock after purchasing an additional 472 shares during the quarter. Moors & Cabot Inc.’s holdings in CSX were worth $2,392,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. boosted its stake in CSX by 177.8% during the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 480 shares during the period. SBI Securities Co. Ltd. bought a new stake in CSX during the 4th quarter valued at approximately $31,000. Sierra Ocean LLC bought a new stake in CSX during the 4th quarter valued at approximately $33,000. Center for Financial Planning Inc. boosted its stake in CSX by 205.7% during the 4th quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 720 shares during the period. Finally, Synergy Asset Management LLC bought a new stake in CSX during the 4th quarter valued at approximately $41,000. Institutional investors own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CSX shares. Wells Fargo & Company decreased their target price on CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. BMO Capital Markets cut their price target on CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, January 24th. Barclays cut their price target on CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Raymond James reaffirmed an “outperform” rating and issued a $37.00 price target (down previously from $38.00) on shares of CSX in a report on Friday, January 24th. Finally, Loop Capital cut CSX from a “buy” rating to a “hold” rating and cut their price target for the company from $40.00 to $34.00 in a report on Monday, February 3rd. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $37.00.

CSX Trading Up 0.1 %

CSX stock opened at $29.55 on Thursday. The business has a fifty day moving average price of $32.34 and a 200 day moving average price of $33.55. CSX Co. has a fifty-two week low of $29.29 and a fifty-two week high of $38.03. The stock has a market capitalization of $55.99 billion, a price-to-earnings ratio of 16.51, a P/E/G ratio of 1.92 and a beta of 1.25. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23.

CSX (NASDAQ:CSX) last released its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. Analysts expect that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.76%. This is a positive change from CSX’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, February 28th. CSX’s dividend payout ratio (DPR) is presently 29.05%.

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.