CSX Co. (NASDAQ:CSX) Stake Increased by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. grew its holdings in CSX Co. (NASDAQ:CSX) by 544.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 13,200 shares of the transportation company’s stock after purchasing an additional 11,153 shares during the period. SRS Capital Advisors Inc.’s holdings in CSX were worth $426,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Smartleaf Asset Management LLC raised its holdings in shares of CSX by 5.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 26,949 shares of the transportation company’s stock worth $866,000 after acquiring an additional 1,449 shares in the last quarter. Jacobi Capital Management LLC raised its holdings in shares of CSX by 1.0% during the fourth quarter. Jacobi Capital Management LLC now owns 39,522 shares of the transportation company’s stock worth $1,275,000 after acquiring an additional 404 shares in the last quarter. Factorial Partners LLC raised its holdings in shares of CSX by 4.2% during the fourth quarter. Factorial Partners LLC now owns 99,500 shares of the transportation company’s stock worth $3,211,000 after acquiring an additional 4,000 shares in the last quarter. Metis Global Partners LLC raised its holdings in shares of CSX by 4.8% during the fourth quarter. Metis Global Partners LLC now owns 66,495 shares of the transportation company’s stock worth $2,146,000 after acquiring an additional 3,040 shares in the last quarter. Finally, US Bancorp DE raised its holdings in shares of CSX by 1.2% during the fourth quarter. US Bancorp DE now owns 992,693 shares of the transportation company’s stock worth $32,034,000 after acquiring an additional 12,134 shares in the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CSX. Stephens reiterated an “overweight” rating and set a $38.00 price objective on shares of CSX in a report on Friday, January 24th. Jefferies Financial Group upgraded CSX from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Friday, January 10th. Wells Fargo & Company cut their price objective on CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Robert W. Baird lowered their target price on shares of CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. Finally, Royal Bank of Canada lowered their target price on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research report on Friday, January 24th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, CSX presently has an average rating of “Moderate Buy” and a consensus price target of $37.16.

CSX Trading Down 0.2 %

Shares of NASDAQ:CSX opened at $31.93 on Tuesday. The company has a market cap of $61.57 billion, a P/E ratio of 17.84, a P/E/G ratio of 1.92 and a beta of 1.23. The stock’s 50-day moving average is $32.59 and its 200-day moving average is $33.69. CSX Co. has a 52-week low of $31.43 and a 52-week high of $38.61. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86.

CSX (NASDAQ:CSX) last issued 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 announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.13 per share. The ex-dividend date is Friday, February 28th. This is an increase from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 1.63%. CSX’s dividend payout ratio (DPR) is 29.05%.

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.