5,667 Shares in CSX Co. (NASDAQ:CSX) Bought by First Affirmative Financial Network

First Affirmative Financial Network bought a new position in CSX Co. (NASDAQ:CSX) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,667 shares of the transportation company’s stock, valued at approximately $210,000.

Other large investors have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC acquired a new position in shares of CSX during the fourth quarter valued at $27,000. Life Planning Partners Inc acquired a new stake in CSX during the 4th quarter worth about $27,000. Turtle Creek Wealth Advisors LLC acquired a new stake in CSX during the 4th quarter worth about $34,000. Burkett Financial Services LLC acquired a new stake in CSX during the 4th quarter worth about $34,000. Finally, Avion Wealth lifted its holdings in shares of CSX by 450.5% during the 4th quarter. Avion Wealth now owns 1,002 shares of the transportation company’s stock valued at $35,000 after buying an additional 820 shares during the last quarter. 73.57% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CSX has been the topic of a number of recent analyst reports. Stifel Nicolaus raised their price objective on CSX from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Bank of America cut their price objective on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Royal Bank of Canada cut their price objective on CSX from $37.00 to $36.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 18th. Wells Fargo & Company initiated coverage on CSX in a research note on Friday, June 7th. They issued an “equal weight” rating and a $35.00 price objective on the stock. Finally, Benchmark reissued a “buy” rating and issued a $40.00 price objective on shares of CSX in a research note on Thursday, April 18th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $37.82.

CSX Trading Up 0.3 %

NASDAQ CSX opened at $33.41 on Friday. The business’s 50-day moving average price is $33.61 and its two-hundred day moving average price is $35.13. CSX Co. has a 12 month low of $29.03 and a 12 month high of $40.12. The firm has a market capitalization of $65.31 billion, a PE ratio of 18.36, a price-to-earnings-growth ratio of 1.72 and a beta of 1.19. The company has a current ratio of 1.15, a quick ratio of 1.00 and a debt-to-equity ratio of 1.42.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Wednesday, April 17th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The company had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.66 billion. CSX had a return on equity of 29.58% and a net margin of 24.75%. The firm’s revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 EPS. On average, analysts expect that CSX Co. will post 1.96 EPS for the current year.

CSX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Friday, May 31st. CSX’s dividend payout ratio (DPR) is presently 26.37%.

CSX Company 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.