Atala Financial Inc Makes New $36,000 Investment in CSX Co. (NASDAQ:CSX)

Atala Financial Inc acquired a new stake in CSX Co. (NASDAQ:CSX) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,101 shares of the transportation company’s stock, valued at approximately $36,000.

Several other hedge funds and other institutional investors have also modified their holdings of CSX. Mondrian Investment Partners LTD grew its position in CSX by 2,214.1% in the 4th quarter. Mondrian Investment Partners LTD now owns 53,503 shares of the transportation company’s stock worth $1,759,000 after purchasing an additional 51,191 shares during the last quarter. Madison Investment Advisors LLC bought a new stake in shares of CSX in the fourth quarter valued at about $222,000. Impact Capital Partners LLC acquired a new stake in CSX during the fourth quarter worth about $1,653,000. Avantax Advisory Services Inc. increased its stake in CSX by 13.0% during the fourth quarter. Avantax Advisory Services Inc. now owns 180,710 shares of the transportation company’s stock valued at $5,832,000 after acquiring an additional 20,811 shares during the period. Finally, Great Lakes Advisors LLC raised its holdings in CSX by 4.1% in the 4th quarter. Great Lakes Advisors LLC now owns 2,746,728 shares of the transportation company’s stock valued at $88,637,000 after acquiring an additional 109,143 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Price Performance

Shares of CSX stock opened at $30.01 on Friday. CSX Co. has a 1 year low of $28.98 and a 1 year high of $38.03. 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 firm’s 50 day moving average is $32.23 and its 200-day moving average is $33.49. The firm has a market capitalization of $56.86 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 1.92 and a beta of 1.25.

CSX (NASDAQ:CSX) last posted 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%. Sell-side analysts forecast that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from CSX’s previous quarterly dividend of $0.12. CSX’s dividend payout ratio (DPR) is 29.05%.

Wall Street Analyst Weigh In

CSX has been the topic of a number of research reports. Citigroup lowered their price objective on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Wells Fargo & Company dropped their price objective on shares of CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Loop Capital lowered shares of CSX from a “buy” rating to a “hold” rating and decreased their target price for the company from $40.00 to $34.00 in a research report on Monday, February 3rd. JPMorgan Chase & Co. dropped their price target on shares of CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Finally, Robert W. Baird decreased their price objective on CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, January 24th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, CSX has an average rating of “Moderate Buy” and an average target price of $37.00.

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.