Sage Mountain Advisors LLC Boosts Holdings in CSX Co. (NASDAQ:CSX)

Sage Mountain Advisors LLC boosted its position in shares of CSX Co. (NASDAQ:CSX) by 6.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,081 shares of the transportation company’s stock after buying an additional 490 shares during the quarter. Sage Mountain Advisors LLC’s holdings in CSX were worth $280,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of CSX. Lazard Asset Management LLC lifted its position in shares of CSX by 10.4% during the third quarter. Lazard Asset Management LLC now owns 29,191,044 shares of the transportation company’s stock worth $897,624,000 after purchasing an additional 2,748,738 shares during the last quarter. Morgan Stanley grew its stake in shares of CSX by 3.1% during the third quarter. Morgan Stanley now owns 24,340,514 shares of the transportation company’s stock worth $748,471,000 after acquiring an additional 739,411 shares during the last quarter. Northern Trust Corp grew its stake in shares of CSX by 1.4% during the third quarter. Northern Trust Corp now owns 21,307,242 shares of the transportation company’s stock worth $655,198,000 after acquiring an additional 303,684 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in CSX by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 11,082,663 shares of the transportation company’s stock valued at $340,792,000 after buying an additional 56,856 shares during the last quarter. Finally, Maj Invest Holding A S boosted its position in CSX by 19.8% in the third quarter. Maj Invest Holding A S now owns 8,383,233 shares of the transportation company’s stock valued at $257,785,000 after buying an additional 1,383,086 shares during the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Trading Up 0.1 %

Shares of CSX stock opened at $34.66 on Tuesday. 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 company has a market cap of $67.76 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 2.05 and a beta of 1.18. The stock has a 50 day simple moving average of $36.83 and a 200-day simple moving average of $34.43. CSX Co. has a 1-year low of $29.03 and a 1-year high of $40.12.

CSX (NASDAQ:CSX) last announced its earnings results 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. CSX had a return on equity of 29.58% and a net margin of 24.75%. The business had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.66 billion. During the same period in the prior year, the company posted $0.48 EPS. The business’s quarterly revenue was down .8% on a year-over-year basis. On average, equities research analysts expect that CSX Co. will post 1.95 EPS for the current fiscal year.

CSX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid a $0.12 dividend. This is an increase from CSX’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Wednesday, February 28th. CSX’s dividend payout ratio is currently 26.37%.

Wall Street Analyst Weigh In

CSX has been the topic of a number of recent research reports. Stifel Nicolaus upped their target price on CSX from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Benchmark reiterated a “buy” rating and issued a $40.00 target price on shares of CSX in a research report on Thursday, April 18th. StockNews.com lowered CSX from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. TD Cowen upped their target price on CSX from $32.00 to $36.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. Finally, Susquehanna boosted their price target on CSX from $42.00 to $44.00 and gave the company a “positive” rating in a report on Thursday, March 28th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, CSX presently has an average rating of “Moderate Buy” and a consensus price target of $38.00.

About CSX

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.