24,304 Shares in CSX Co. (NASDAQ:CSX) Bought by Partners Wealth Management LLC

Partners Wealth Management LLC purchased a new stake in CSX Co. (NASDAQ:CSX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 24,304 shares of the transportation company's stock, valued at approximately $784,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new position in CSX during the third quarter worth $5,767,000. Dakota Wealth Management grew its holdings in CSX by 21.9% during the 3rd quarter. Dakota Wealth Management now owns 11,778 shares of the transportation company's stock worth $407,000 after acquiring an additional 2,115 shares during the period. Allworth Financial LP raised its position in shares of CSX by 3.4% in the 3rd quarter. Allworth Financial LP now owns 73,669 shares of the transportation company's stock worth $2,544,000 after acquiring an additional 2,438 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of CSX by 20.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 467,399 shares of the transportation company's stock valued at $16,139,000 after purchasing an additional 80,423 shares during the period. Finally, Forsta AP Fonden boosted its position in shares of CSX by 1.7% during the 3rd quarter. Forsta AP Fonden now owns 417,700 shares of the transportation company's stock valued at $14,423,000 after purchasing an additional 6,900 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company's stock.

CSX Trading Down 0.5 %

NASDAQ CSX opened at $32.30 on Monday. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The business has a fifty day simple moving average of $32.63 and a 200 day simple moving average of $33.77. CSX Co. has a 12 month low of $31.43 and a 12 month high of $40.12. The firm has a market capitalization of $62.29 billion, a P/E ratio of 18.04, a PEG ratio of 1.92 and a beta of 1.23.

CSX (NASDAQ:CSX - Get Free Report) last announced its earnings results on Thursday, January 23rd. The transportation company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. On average, analysts predict that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.13 dividend. This is an increase from CSX's previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, February 28th. CSX's payout ratio is 29.05%.

Analyst Ratings Changes

CSX has been the subject of a number of research analyst reports. Susquehanna lowered their target price on CSX from $40.00 to $39.00 and set a "positive" rating for the company in a report on Wednesday, January 8th. Citigroup lowered their price objective on shares of CSX from $40.00 to $39.00 and set a "buy" rating for the company in a research note on Friday, January 24th. Loop Capital lowered shares of CSX from a "buy" rating to a "hold" rating and cut their target price for the stock from $40.00 to $34.00 in a research note on Monday, February 3rd. JPMorgan Chase & Co. decreased their price target on shares of CSX from $38.00 to $37.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Finally, Robert W. Baird dropped their price objective on shares of CSX from $39.00 to $38.00 and set an "outperform" rating on the stock in a report on Friday, January 24th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $37.16.

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.

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