CSX Co. (NASDAQ:CSX) Shares Acquired by Community Bank & Trust Waco Texas

Community Bank & Trust Waco Texas increased its stake in CSX Co. (NASDAQ:CSX) by 13.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 52,191 shares of the transportation company’s stock after buying an additional 6,007 shares during the period. Community Bank & Trust Waco Texas’ holdings in CSX were worth $1,809,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Fortitude Family Office LLC acquired a new position in CSX during the fourth quarter valued at approximately $27,000. Life Planning Partners Inc acquired a new position in CSX during the fourth quarter valued at approximately $27,000. Venturi Wealth Management LLC lifted its position in CSX by 228.4% during the third quarter. Venturi Wealth Management LLC now owns 995 shares of the transportation company’s stock valued at $31,000 after buying an additional 692 shares in the last quarter. Janiczek Wealth Management LLC lifted its position in CSX by 897.2% during the third quarter. Janiczek Wealth Management LLC now owns 1,067 shares of the transportation company’s stock valued at $33,000 after buying an additional 960 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in CSX during the fourth quarter valued at approximately $34,000. 73.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CSX. Susquehanna lifted their price target on shares of CSX from $42.00 to $44.00 and gave the company a “positive” rating in a research report on Thursday, March 28th. UBS Group reduced their target price on shares of CSX from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Bank of America reduced 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 Thursday, April 18th. StockNews.com lowered shares of CSX from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Finally, Royal Bank of Canada dropped their price target on shares of CSX from $37.00 to $36.00 and set a “sector perform” rating for the company in a research note on Thursday, April 18th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $38.00.

CSX Stock Performance

Shares of CSX traded down $1.18 during midday trading on Wednesday, hitting $33.54. 7,613,077 shares of the stock traded hands, compared to its average volume of 12,183,348. CSX Co. has a 1-year low of $29.03 and a 1-year high of $40.12. The firm has a market capitalization of $65.57 billion, a PE ratio of 19.08, a price-to-earnings-growth ratio of 2.07 and a beta of 1.18. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.00 and a current ratio of 1.15. The business’s 50 day moving average price is $36.79 and its two-hundred day moving average price is $34.45.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.01. CSX had a net margin of 24.75% and a return on equity of 29.58%. The company had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. Equities research analysts predict that CSX Co. will post 1.95 EPS for the current fiscal year.

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a $0.12 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.48 annualized dividend and a yield of 1.43%. This is an increase from CSX’s previous quarterly dividend of $0.11. CSX’s dividend payout ratio is presently 26.37%.

About CSX

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.