8,537 Shares in CSX Co. (NASDAQ:CSX) Acquired by Eagle Wealth Strategies LLC

Eagle Wealth Strategies LLC acquired a new position in CSX Co. (NASDAQ:CSX) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,537 shares of the transportation company’s stock, valued at approximately $296,000.

A number of other hedge funds also recently added to or reduced their stakes in CSX. High Net Worth Advisory Group LLC raised its stake in shares of CSX by 1.7% during the fourth quarter. High Net Worth Advisory Group LLC now owns 17,704 shares of the transportation company’s stock valued at $614,000 after acquiring an additional 304 shares in the last quarter. Stratos Wealth Advisors LLC increased its holdings in CSX by 1.1% during the fourth quarter. Stratos Wealth Advisors LLC now owns 28,210 shares of the transportation company’s stock valued at $978,000 after buying an additional 304 shares during the period. Cornercap Investment Counsel Inc. increased its holdings in CSX by 0.3% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 120,244 shares of the transportation company’s stock valued at $4,169,000 after buying an additional 309 shares during the period. Astoria Portfolio Advisors LLC. increased its holdings in CSX by 2.4% during the third quarter. Astoria Portfolio Advisors LLC. now owns 14,672 shares of the transportation company’s stock valued at $434,000 after buying an additional 349 shares during the period. Finally, Parkside Financial Bank & Trust increased its holdings in CSX by 2.0% during the third quarter. Parkside Financial Bank & Trust now owns 17,967 shares of the transportation company’s stock valued at $552,000 after buying an additional 352 shares during the period. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CSX shares. Stifel Nicolaus lifted their price target on shares of CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, April 12th. TD Cowen boosted their price objective on shares of CSX from $32.00 to $36.00 and gave the company a “market perform” rating in a report on Thursday, January 25th. Susquehanna boosted their price objective on shares of CSX from $42.00 to $44.00 and gave the company a “positive” rating in a report on Thursday, March 28th. BMO Capital Markets boosted their target price on shares of CSX from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Finally, Raymond James boosted their target price on shares of CSX from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Tuesday, January 16th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $38.00.

CSX Stock Performance

CSX stock opened at $34.01 on Monday. The firm has a 50 day simple moving average of $36.61 and a 200-day simple moving average of $34.51. CSX Co. has a 1-year low of $29.03 and a 1-year high of $40.12. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.15 and a quick ratio of 1.00. The stock has a market cap of $66.49 billion, a price-to-earnings ratio of 18.68, a price-to-earnings-growth ratio of 2.04 and a beta of 1.18.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Wednesday, April 17th. The transportation company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.45 by $0.01. CSX had a net margin of 24.75% and a return on equity of 29.58%. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.66 billion. During the same period in the prior year, the business posted $0.48 EPS. The business’s revenue for the quarter was down .8% compared to the same quarter last year. On average, analysts expect that CSX Co. will post 1.95 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. The ex-dividend date was Wednesday, February 28th. This is a positive change from CSX’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a yield of 1.41%. CSX’s dividend payout ratio is 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.