2,605 Shares in CSX Co. (NASDAQ:CSX) Acquired by Register Financial Advisors LLC

Register Financial Advisors LLC bought a new position in CSX Co. (NASDAQ:CSX) in the first quarter, according to its most recent filing with the SEC. The firm bought 2,605 shares of the transportation company’s stock, valued at approximately $97,000.

Other institutional investors also recently bought and sold shares of the company. Fortitude Family Office LLC purchased a new position in CSX during the 4th quarter worth approximately $27,000. Life Planning Partners Inc purchased a new position in CSX during the 4th quarter worth approximately $27,000. Financial Synergies Wealth Advisors Inc. purchased a new position in CSX during the 1st quarter worth approximately $29,000. Turtle Creek Wealth Advisors LLC purchased a new position in CSX during the 4th quarter worth approximately $34,000. Finally, Burkett Financial Services LLC purchased a new position in CSX during the 4th quarter worth approximately $34,000. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Price Performance

NASDAQ CSX traded up $0.42 on Friday, hitting $33.45. The company had a trading volume of 15,863,632 shares, compared to its average volume of 11,991,037. The company has a market capitalization of $65.39 billion, a PE ratio of 18.38, a PEG ratio of 1.71 and a beta of 1.19. The company’s fifty day moving average price is $33.46 and its 200-day moving average price is $35.11. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.15 and a quick ratio of 1.00. CSX Co. has a 12-month low of $29.03 and a 12-month high of $40.12.

CSX (NASDAQ:CSX) last announced its earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $3.66 billion. During the same quarter in the previous year, the company posted $0.48 EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis. As a group, analysts predict that CSX Co. will post 1.96 earnings per share for the current year.

CSX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.48 annualized dividend and a yield of 1.43%. CSX’s dividend payout ratio (DPR) is presently 26.37%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CSX shares. Stifel Nicolaus raised their price target on shares of CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Benchmark reissued a “buy” rating and set a $40.00 price target on shares of CSX in a research report on Thursday, April 18th. Jefferies Financial Group cut their target price on shares of CSX from $40.00 to $38.00 and set a “hold” rating for the company in a report on Thursday, April 18th. Royal Bank of Canada cut their target price on shares of CSX from $37.00 to $36.00 and set a “sector perform” rating for the company in a report on Thursday, April 18th. Finally, Wells Fargo & Company initiated coverage on shares of CSX in a report on Friday, June 7th. They set an “equal weight” rating and a $35.00 target price for the company. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $37.59.

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.