Factorial Partners LLC Has $3.21 Million Stock Holdings in CSX Co. (NASDAQ:CSX)

Factorial Partners LLC boosted its stake in shares of CSX Co. (NASDAQ:CSX) by 4.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 99,500 shares of the transportation company’s stock after buying an additional 4,000 shares during the period. CSX makes up approximately 1.8% of Factorial Partners LLC’s holdings, making the stock its 23rd biggest holding. Factorial Partners LLC’s holdings in CSX were worth $3,211,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Valley Wealth Managers Inc. grew its holdings in shares of CSX by 177.8% during the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after buying an additional 480 shares in the last quarter. Sierra Ocean LLC acquired a new position in CSX during the 4th quarter worth approximately $33,000. Center for Financial Planning Inc. grew its stake in shares of CSX by 205.7% during the 4th quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company’s stock worth $35,000 after acquiring an additional 720 shares in the last quarter. Addison Advisors LLC raised its holdings in shares of CSX by 348.5% in the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 812 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of CSX in the fourth quarter worth $39,000. Institutional investors own 73.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CSX. JPMorgan Chase & Co. decreased their target price 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. Barclays lowered their target price on CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Jefferies Financial Group upgraded CSX from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Friday, January 10th. Robert W. Baird decreased their price target on CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, January 24th. Finally, Citigroup dropped their price objective on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $37.16.

CSX Price Performance

Shares of NASDAQ CSX opened at $32.01 on Friday. 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 has a market cap of $61.72 billion, a P/E ratio of 17.88, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23. CSX Co. has a 1-year low of $31.43 and a 1-year high of $38.61. The business’s 50 day moving average is $32.60 and its 200-day moving average is $33.70.

CSX (NASDAQ:CSX) last announced its quarterly earnings results 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 net margin of 23.95% and a return on equity of 28.15%. Equities research analysts predict that CSX Co. will post 1.83 earnings per share for the current year.

CSX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.62%. This is a boost 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 is presently 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.