CSX Co. (NASDAQ:CSX) Shares Purchased by Lindbrook Capital LLC

Lindbrook Capital LLC boosted its holdings in CSX Co. (NASDAQ:CSX) by 1.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 37,115 shares of the transportation company’s stock after acquiring an additional 424 shares during the period. Lindbrook Capital LLC’s holdings in CSX were worth $1,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in CSX. Farther Finance Advisors LLC boosted its holdings in CSX by 11.4% in the third quarter. Farther Finance Advisors LLC now owns 8,254 shares of the transportation company’s stock worth $285,000 after purchasing an additional 842 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in shares of CSX by 18.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 355,061 shares of the transportation company’s stock valued at $12,260,000 after acquiring an additional 56,163 shares during the period. Catalyst Capital Advisors LLC boosted its holdings in shares of CSX by 31.6% during the third quarter. Catalyst Capital Advisors LLC now owns 2,522 shares of the transportation company’s stock valued at $87,000 after acquiring an additional 606 shares during the period. Catalina Capital Group LLC boosted its holdings in shares of CSX by 12.0% during the third quarter. Catalina Capital Group LLC now owns 6,925 shares of the transportation company’s stock valued at $239,000 after acquiring an additional 741 shares during the period. Finally, Foster & Motley Inc. boosted its holdings in shares of CSX by 85.5% during the third quarter. Foster & Motley Inc. now owns 41,823 shares of the transportation company’s stock valued at $1,444,000 after acquiring an additional 19,280 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Price Performance

Shares of NASDAQ CSX opened at $30.92 on Thursday. CSX Co. has a twelve month low of $30.62 and a twelve month high of $38.51. 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 company has a market capitalization of $59.63 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 1.92 and a beta of 1.23. The firm has a 50-day moving average of $32.53 and a two-hundred day moving average of $33.66.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share 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, analysts expect that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.13 per share. The ex-dividend date is Friday, February 28th. This is a positive change from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 1.68%. CSX’s dividend payout ratio is currently 29.05%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CSX shares. Loop Capital downgraded shares of CSX from a “buy” rating to a “hold” rating and reduced their price target for the company from $40.00 to $34.00 in a report on Monday, February 3rd. Royal Bank of Canada reduced their price target on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a report on Friday, January 24th. JPMorgan Chase & Co. cut their price objective on shares of CSX from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. BMO Capital Markets cut their price objective on shares of CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, January 24th. Finally, Stephens restated an “overweight” rating and set a $38.00 price objective on shares of CSX in a research note on Friday, January 24th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $37.16.

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.