Antonelli Financial Advisors LLC Purchases New Shares in CSX Co. (NASDAQ:CSX)

Antonelli Financial Advisors LLC bought a new stake in CSX Co. (NASDAQ:CSX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 10,087 shares of the transportation company's stock, valued at approximately $325,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Pathstone Holdings LLC increased its stake in shares of CSX by 4.9% in the third quarter. Pathstone Holdings LLC now owns 282,471 shares of the transportation company's stock valued at $9,754,000 after buying an additional 13,299 shares during the period. Caprock Group LLC raised its stake in CSX by 2.4% during the third quarter. Caprock Group LLC now owns 36,560 shares of the transportation company's stock worth $1,262,000 after buying an additional 861 shares during the last quarter. Prospera Financial Services Inc grew its holdings in CSX by 3.6% during the 3rd quarter. Prospera Financial Services Inc now owns 41,300 shares of the transportation company's stock worth $1,427,000 after acquiring an additional 1,423 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of CSX during the 3rd quarter valued at about $3,610,000. Finally, Avior Wealth Management LLC increased its stake in shares of CSX by 2.5% in the 3rd quarter. Avior Wealth Management LLC now owns 11,790 shares of the transportation company's stock valued at $407,000 after acquiring an additional 293 shares in the last quarter. Institutional investors own 73.57% of the company's stock.

CSX Price Performance

Shares of CSX stock traded down $0.32 during trading on Tuesday, reaching $29.53. 10,843,082 shares of the stock traded hands, compared to its average volume of 11,743,453. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. The company has a market capitalization of $55.95 billion, a price-to-earnings ratio of 16.50, a P/E/G ratio of 1.92 and a beta of 1.25. CSX Co. has a 52-week low of $28.98 and a 52-week high of $37.40. The business has a fifty day simple moving average of $31.99 and a two-hundred day simple moving average of $33.31.

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CSX (NASDAQ:CSX - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. Sell-side analysts expect that CSX Co. will post 1.83 EPS for the current year.

CSX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.13 per share. The ex-dividend date was Friday, February 28th. This represents a $0.52 annualized dividend and a yield of 1.76%. This is a positive change from CSX's previous quarterly dividend of $0.12. CSX's dividend payout ratio (DPR) is 29.05%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CSX. Loop Capital downgraded shares of CSX from a "buy" rating to a "hold" rating and decreased their target price for the stock from $40.00 to $34.00 in a research report on Monday, February 3rd. Raymond James reiterated an "outperform" rating and set a $37.00 price target (down previously from $38.00) on shares of CSX in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft began coverage on CSX in a report on Friday, March 7th. They set a "hold" rating and a $34.00 price objective on the stock. Royal Bank of Canada lowered their price target on CSX from $34.00 to $33.00 and set a "sector perform" rating on the stock in a report on Friday, January 24th. Finally, Wells Fargo & Company dropped their price objective on shares of CSX from $36.00 to $34.00 and set an "equal weight" rating for the company in a report on Friday, January 24th. Seven 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, CSX has an average rating of "Moderate Buy" and an average target price of $37.00.

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.