Callan Family Office LLC Invests $839,000 in CSX Co. (NASDAQ:CSX)

Callan Family Office LLC bought a new position in shares of CSX Co. (NASDAQ:CSX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 26,014 shares of the transportation company's stock, valued at approximately $839,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Valley Wealth Managers Inc. increased its position in CSX by 177.8% during the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company's stock worth $26,000 after buying an additional 480 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in CSX during the fourth quarter worth approximately $31,000. Sierra Ocean LLC acquired a new position in CSX during the fourth quarter worth approximately $33,000. Addison Advisors LLC grew its position in shares of CSX by 348.5% in the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company's stock valued at $36,000 after purchasing an additional 812 shares during the last quarter. Finally, Center for Financial Planning Inc. grew its position in shares of CSX by 205.7% in the fourth quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company's stock valued at $35,000 after purchasing an additional 720 shares during the last quarter. Institutional investors own 73.57% of the company's stock.

CSX Price Performance

Shares of NASDAQ CSX traded up $0.33 during midday trading on Friday, reaching $31.26. 19,422,389 shares of the company were exchanged, compared to its average volume of 11,630,004. The stock's 50-day moving average price is $32.48 and its 200-day moving average price is $33.62. The stock has a market cap of $59.23 billion, a P/E ratio of 17.46, a PEG ratio of 1.92 and a beta of 1.25. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. CSX Co. has a one year low of $30.55 and a one year high of $38.35.

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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 for the quarter, missing analysts' consensus estimates of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. On average, sell-side analysts anticipate that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Increases Dividend

The firm also recently disclosed 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 represents a $0.52 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Friday, February 28th. This is a positive change from CSX's previous quarterly dividend of $0.12. CSX's dividend payout ratio (DPR) is 29.05%.

Analysts Set New Price Targets

Several research firms have recently commented on CSX. BMO Capital Markets decreased their target price on CSX from $40.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, January 24th. Robert W. Baird decreased their target price on CSX from $39.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, January 24th. Benchmark reaffirmed a "buy" rating and issued a $38.00 target price on shares of CSX in a research report on Monday, January 27th. Susquehanna decreased their target price on CSX from $40.00 to $39.00 and set a "positive" rating on the stock in a research report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft began coverage on CSX in a research report on Friday. They issued a "hold" rating and a $34.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, CSX presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.00.

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.