VSM Wealth Advisory LLC Takes Position in CSX Co. (NASDAQ:CSX)

VSM Wealth Advisory LLC purchased a new stake in shares of CSX Co. (NASDAQ:CSX) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 10,392 shares of the transportation company’s stock, valued at approximately $335,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in shares of CSX in the 4th quarter worth $31,000. Sierra Ocean LLC purchased a new stake in shares of CSX in the 4th quarter worth $33,000. Center for Financial Planning Inc. increased its stake in shares of CSX by 205.7% in the 4th quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company’s stock worth $35,000 after purchasing an additional 720 shares in the last quarter. Atala Financial Inc purchased a new stake in shares of CSX in the 4th quarter worth $36,000. Finally, Synergy Asset Management LLC purchased a new stake in shares of CSX in the 4th quarter worth $41,000. 73.57% of the stock is owned by institutional investors.

CSX Stock Down 0.2 %

Shares of NASDAQ:CSX opened at $30.26 on Wednesday. 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 Co. has a 12 month low of $28.98 and a 12 month high of $38.03. The company has a 50-day moving average price of $32.16 and a 200 day moving average price of $33.44. The company has a market cap of $57.33 billion, a price-to-earnings ratio of 16.91, a PEG ratio of 1.92 and a beta of 1.25.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. As a group, 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 disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.13 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.52 annualized dividend and a yield of 1.72%. This is an increase from CSX’s previous quarterly dividend of $0.12. CSX’s dividend payout ratio (DPR) is presently 29.05%.

Analyst Ratings Changes

Several equities research analysts have recently commented on CSX shares. Raymond James restated an “outperform” rating and issued a $37.00 price objective (down from $38.00) on shares of CSX in a research note on Friday, January 24th. Loop Capital lowered CSX from a “buy” rating to a “hold” rating and cut their price target for the stock from $40.00 to $34.00 in a research note on Monday, February 3rd. Barclays cut their price target on CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Wells Fargo & Company cut their price target on CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Finally, Robert W. Baird cut 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. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $37.00.

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.