Knights of Columbus Asset Advisors LLC Raises Stake in CSX Co. (NASDAQ:CSX)

Knights of Columbus Asset Advisors LLC boosted its holdings in shares of CSX Co. (NASDAQ:CSX) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 201,787 shares of the transportation company’s stock after acquiring an additional 2,324 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in CSX were worth $6,996,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Fortitude Family Office LLC bought a new stake in shares of CSX in the fourth quarter worth approximately $27,000. Life Planning Partners Inc bought a new stake in shares of CSX in the fourth quarter worth approximately $27,000. Fortis Capital Advisors LLC bought a new stake in shares of CSX in the fourth quarter worth approximately $27,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of CSX in the fourth quarter worth approximately $34,000. Finally, Venturi Wealth Management LLC grew its stake in shares of CSX by 228.4% in the third quarter. Venturi Wealth Management LLC now owns 995 shares of the transportation company’s stock worth $31,000 after acquiring an additional 692 shares during the period. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Trading Down 0.0 %

CSX stock traded down $0.01 during mid-day trading on Friday, reaching $34.38. 4,722,647 shares of the stock traded hands, compared to its average volume of 12,006,748. The business has a 50-day moving average price of $36.93 and a two-hundred day moving average price of $34.32. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.91 and a current ratio of 1.05. The stock has a market capitalization of $67.30 billion, a PE ratio of 18.90, a PEG ratio of 1.97 and a beta of 1.18. CSX Co. has a one year low of $29.03 and a one year high of $40.12.

CSX (NASDAQ:CSX) last posted its quarterly earnings results on Wednesday, April 17th. The transportation company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. The firm 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 29.88%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 earnings per share. Equities research analysts expect that CSX Co. will post 1.97 EPS for the current year.

CSX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a $0.12 dividend. The ex-dividend date was Wednesday, February 28th. This is a boost from CSX’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.40%. CSX’s dividend payout ratio is presently 26.37%.

Analysts Set New Price Targets

CSX has been the subject of several recent research reports. 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 report on Thursday. Jefferies Financial Group lowered their target price on shares of CSX from $40.00 to $38.00 and set a “hold” rating on the stock in a report on Thursday. Stifel Nicolaus boosted their target price on shares of CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Bank of America lowered their target price on shares of CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday. Finally, UBS Group lowered their target price on shares of CSX from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Thursday. Five 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 company currently has an average rating of “Moderate Buy” and an average target price of $37.72.

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.