Life Planning Partners Inc Makes New Investment in CSX Co. (NASDAQ:CSX)

Life Planning Partners Inc bought a new stake in shares of CSX Co. (NASDAQ:CSX) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 25,171 shares of the transportation company’s stock, valued at approximately $780,000.

Other hedge funds have also made changes to their positions in the company. Rehmann Capital Advisory Group lifted its stake in shares of CSX by 1.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company’s stock worth $830,000 after purchasing an additional 306 shares during the last quarter. Joel Isaacson & Co. LLC lifted its position in shares of CSX by 2.4% during the fourth quarter. Joel Isaacson & Co. LLC now owns 13,036 shares of the transportation company’s stock valued at $421,000 after buying an additional 310 shares during the last quarter. Patrick M Sweeney & Associates Inc. boosted its holdings in shares of CSX by 1.0% in the 4th quarter. Patrick M Sweeney & Associates Inc. now owns 31,827 shares of the transportation company’s stock valued at $1,027,000 after buying an additional 313 shares in the last quarter. West Branch Capital LLC grew its position in shares of CSX by 3.3% in the 4th quarter. West Branch Capital LLC now owns 10,317 shares of the transportation company’s stock worth $333,000 after buying an additional 332 shares during the last quarter. Finally, Alhambra Investment Management LLC raised its stake in shares of CSX by 4.3% during the 4th quarter. Alhambra Investment Management LLC now owns 8,292 shares of the transportation company’s stock worth $268,000 after acquiring an additional 342 shares in the last quarter. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Benchmark restated a “buy” rating and set a $38.00 price target on shares of CSX in a research note on Monday, January 27th. Citigroup dropped their target price on shares of 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 decreased their price target on shares of CSX from $34.00 to $31.00 and set an “equal weight” rating for the company in a report on Thursday. Loop Capital lowered shares of CSX from a “buy” rating to a “hold” rating and dropped their price objective for the company from $40.00 to $34.00 in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. reduced their target price on CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $36.75.

CSX Price Performance

Shares of CSX stock opened at $29.11 on Friday. The firm has a fifty day simple moving average of $31.75 and a 200-day simple moving average of $33.20. The company has a market capitalization of $54.86 billion, a PE ratio of 16.26, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. CSX Co. has a twelve month low of $28.98 and a twelve month high of $37.10. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43.

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%. Equities research analysts anticipate that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date was Friday, February 28th. This is an increase from CSX’s previous quarterly dividend of $0.12. CSX’s dividend payout ratio is currently 29.05%.

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.