Claro Advisors LLC Makes New Investment in CSX Co. (NASDAQ:CSX)

Claro Advisors LLC acquired a new position in shares of CSX Co. (NASDAQ:CSX) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 5,688 shares of the transportation company’s stock, valued at approximately $211,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fortitude Family Office LLC bought a new stake in shares of CSX during the 4th quarter valued at $27,000. Life Planning Partners Inc bought a new stake in shares of CSX during the 4th quarter valued at $27,000. Financial Synergies Wealth Advisors Inc. bought a new stake in shares of CSX in the 1st quarter valued at $29,000. Burkett Financial Services LLC bought a new stake in shares of CSX in the 4th quarter valued at $34,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in shares of CSX in the 4th quarter valued at $34,000. Institutional investors own 73.57% of the company’s stock.

CSX Stock Performance

Shares of NASDAQ:CSX opened at $33.59 on Tuesday. The company’s 50 day simple moving average is $33.46 and its 200 day simple moving average is $35.14. The stock has a market capitalization of $65.67 billion, a price-to-earnings ratio of 18.46, a price-to-earnings-growth ratio of 1.73 and a beta of 1.20. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.15 and a quick ratio of 1.00. CSX Co. has a 1 year low of $29.03 and a 1 year high of $40.12.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Wednesday, April 17th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The business had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.66 billion. CSX had a net margin of 24.75% and a return on equity of 29.58%. The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the firm posted $0.48 earnings per share. As a group, research analysts predict that CSX Co. will post 1.96 EPS for the current fiscal year.

CSX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a $0.12 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.48 dividend on an annualized basis and a yield of 1.43%. CSX’s dividend payout ratio is currently 26.37%.

Analyst Upgrades and Downgrades

CSX has been the subject of a number of research analyst reports. Bank of America reduced their target price on shares of CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Susquehanna cut their target price on shares of CSX from $44.00 to $40.00 and set a “positive” rating for the company in a research note on Tuesday, June 25th. Royal Bank of Canada cut their target price on shares of CSX from $37.00 to $36.00 and set a “sector perform” rating for the company in a research note on Thursday, April 18th. UBS Group lowered their price target on shares of CSX from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Finally, Jefferies Financial Group lowered their price target on shares of CSX from $40.00 to $38.00 and set a “hold” rating on the stock in a report on Thursday, April 18th. Six research analysts have rated the stock with a hold rating and twelve have issued 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 price target of $37.59.

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.