Northstar Advisory Group LLC Takes Position in CSX Co. (NASDAQ:CSX)

Northstar Advisory Group LLC bought a new stake in shares of CSX Co. (NASDAQ:CSX) during the fourth quarter, Holdings Channel.com reports. The fund bought 7,234 shares of the transportation company’s stock, valued at approximately $251,000.

A number of other large investors have also recently modified their holdings of CSX. Bornite Capital Management LP bought a new stake in shares of CSX during the 1st quarter valued at about $14,980,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in CSX by 6.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,158,544 shares of the transportation company’s stock worth $230,637,000 after acquiring an additional 347,514 shares in the last quarter. Blair William & Co. IL raised its holdings in CSX by 12.7% in the first quarter. Blair William & Co. IL now owns 122,334 shares of the transportation company’s stock worth $4,581,000 after buying an additional 13,829 shares during the last quarter. Sei Investments Co. raised its holdings in CSX by 4.5% in the first quarter. Sei Investments Co. now owns 195,872 shares of the transportation company’s stock worth $7,361,000 after buying an additional 8,488 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in CSX by 16.8% in the first quarter. Cetera Investment Advisers now owns 71,521 shares of the transportation company’s stock worth $2,678,000 after buying an additional 10,276 shares during the last quarter. Institutional investors own 73.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CSX. StockNews.com lowered shares of CSX from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Susquehanna upgraded shares of CSX from a “neutral” rating to a “positive” rating in a research report on Monday, January 8th. JPMorgan Chase & Co. dropped their target price on shares of CSX from $40.00 to $39.00 and set an “overweight” rating for the company in a research report on Thursday, December 21st. BMO Capital Markets upped their target price on shares of CSX from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Finally, Benchmark restated a “buy” rating and set a $38.00 target price on shares of CSX in a research report on Thursday, January 25th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $36.24.

CSX Trading Down 0.1 %

CSX stock opened at $36.81 on Thursday. The company has a market capitalization of $72.06 billion, a PE ratio of 20.02, a P/E/G ratio of 2.09 and a beta of 1.18. CSX Co. has a 12 month low of $29.03 and a 12 month high of $40.12. The firm’s 50-day moving average is $36.84 and its 200 day moving average is $33.76. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.05 and a quick ratio of 0.91.

CSX (NASDAQ:CSX) last issued its earnings results on Tuesday, January 23rd. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.01. CSX had a net margin of 25.35% and a return on equity of 30.52%. The company had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.63 billion. During the same period in the prior year, the business earned $0.49 EPS. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. On average, research analysts anticipate that CSX Co. will post 1.96 EPS for the current year.

CSX Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.30%. This is a boost from CSX’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Wednesday, February 28th. CSX’s dividend payout ratio is presently 26.09%.

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.