Cyndeo Wealth Partners LLC Increases Stake in CSX Co. (NASDAQ:CSX)

Cyndeo Wealth Partners LLC boosted its stake in CSX Co. (NASDAQ:CSX) by 4.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,735 shares of the transportation company’s stock after purchasing an additional 485 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in CSX were worth $440,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of CSX. Itau Unibanco Holding S.A. acquired a new stake in CSX during the second quarter worth about $26,000. MFA Wealth Advisors LLC acquired a new stake in CSX during the 2nd quarter worth approximately $27,000. Fairscale Capital LLC purchased a new position in CSX in the second quarter valued at approximately $32,000. Strategic Financial Concepts LLC acquired a new position in CSX during the second quarter valued at approximately $33,000. Finally, Valued Wealth Advisors LLC grew its stake in CSX by 172.7% during the first quarter. Valued Wealth Advisors LLC now owns 938 shares of the transportation company’s stock worth $35,000 after buying an additional 594 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. TD Cowen reduced their target price on shares of CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. Evercore ISI reduced their price objective on CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. BMO Capital Markets lowered their target price on CSX from $40.00 to $39.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Citigroup initiated coverage on CSX in a research report on Wednesday, October 9th. They set a “buy” rating and a $42.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price objective on shares of CSX from $39.00 to $42.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $38.61.

CSX Trading Down 1.3 %

Shares of NASDAQ CSX opened at $33.66 on Tuesday. The stock has a market capitalization of $65.80 billion, a P/E ratio of 18.49, a PEG ratio of 1.90 and a beta of 1.19. The stock’s 50 day moving average price is $34.03 and its two-hundred day moving average price is $33.92. The company has a quick ratio of 1.01, a current ratio of 1.16 and a debt-to-equity ratio of 1.42. CSX Co. has a 52-week low of $29.03 and a 52-week high of $40.12.

CSX (NASDAQ:CSX) last posted its quarterly earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.02). The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.68 billion. CSX had a net margin of 24.52% and a return on equity of 29.11%. The business’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.42 earnings per share. On average, analysts anticipate that CSX Co. will post 1.93 earnings per share for the current fiscal year.

CSX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Friday, November 29th. CSX’s dividend payout ratio (DPR) is presently 26.37%.

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.