HCR Wealth Advisors Acquires 414 Shares of CSX Co. (NASDAQ:CSX)

HCR Wealth Advisors lifted its holdings in CSX Co. (NASDAQ:CSX) by 5.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,446 shares of the transportation company’s stock after purchasing an additional 414 shares during the period. HCR Wealth Advisors’ holdings in CSX were worth $258,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Fortitude Family Office LLC bought a new stake in shares of CSX during the 4th quarter worth $27,000. Life Planning Partners Inc bought a new stake in CSX during the fourth quarter valued at about $27,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of CSX in the fourth quarter valued at about $34,000. Avion Wealth increased its stake in shares of CSX by 450.5% in the fourth quarter. Avion Wealth now owns 1,002 shares of the transportation company’s stock worth $35,000 after purchasing an additional 820 shares during the period. Finally, Tortoise Investment Management LLC acquired a new position in shares of CSX during the 4th quarter worth about $37,000. 73.57% of the stock is currently owned by institutional investors.

CSX Price Performance

CSX stock traded up $0.28 during mid-day trading on Friday, hitting $33.78. 8,854,602 shares of the company were exchanged, compared to its average volume of 10,757,137. The company has a market capitalization of $66.04 billion, a PE ratio of 18.56, a price-to-earnings-growth ratio of 1.73 and a beta of 1.19. The business has a fifty day moving average of $35.03 and a 200 day moving average of $34.94. CSX Co. has a 1-year low of $29.03 and a 1-year high of $40.12. The company has a quick ratio of 1.00, a current ratio of 1.15 and a debt-to-equity ratio of 1.42.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Wednesday, April 17th. The transportation company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.01. The company had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.66 billion. CSX had a net margin of 24.75% and a return on equity of 29.58%. The company’s revenue was down .8% on a year-over-year basis. During the same quarter last year, the business posted $0.48 earnings per share. As a group, sell-side analysts expect that CSX Co. will post 1.96 earnings per share for the current year.

CSX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.48 annualized dividend and a yield of 1.42%. CSX’s payout ratio is 26.37%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CSX shares. Bank of America dropped their price target on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Benchmark reaffirmed a “buy” rating and set a $40.00 target price on shares of CSX in a research report on Thursday, April 18th. StockNews.com downgraded shares of CSX from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Royal Bank of Canada dropped their price objective on shares of CSX from $37.00 to $36.00 and set a “sector perform” rating on the stock in a report on Thursday, April 18th. Finally, Stifel Nicolaus increased their target price on shares of CSX from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $38.00.

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.