JFS Wealth Advisors LLC Lowers Holdings in CSX Co. (NASDAQ:CSX)

JFS Wealth Advisors LLC decreased its stake in shares of CSX Co. (NASDAQ:CSX - Free Report) by 84.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,419 shares of the transportation company's stock after selling 7,914 shares during the period. JFS Wealth Advisors LLC's holdings in CSX were worth $46,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Valley Wealth Managers Inc. grew its position in shares of CSX by 177.8% during the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company's stock valued at $26,000 after purchasing an additional 480 shares in the last quarter. Morton Brown Family Wealth LLC purchased a new position in CSX during the third quarter worth about $31,000. Center for Financial Planning Inc. increased its stake in CSX by 205.7% in the 4th quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company's stock worth $35,000 after acquiring an additional 720 shares during the last quarter. Addison Advisors LLC raised its holdings in shares of CSX by 348.5% in the 3rd quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company's stock valued at $36,000 after acquiring an additional 812 shares in the last quarter. Finally, Fortitude Family Office LLC raised its holdings in shares of CSX by 43.4% in the 3rd quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company's stock valued at $38,000 after acquiring an additional 336 shares in the last quarter. Hedge funds and other institutional investors own 73.57% of the company's stock.

Wall Street Analysts Forecast Growth

CSX has been the topic of several research analyst reports. Susquehanna decreased their price objective on shares of CSX from $40.00 to $39.00 and set a "positive" rating on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company decreased their price target on shares of CSX from $36.00 to $34.00 and set an "equal weight" rating on the stock in a report on Friday, January 24th. Robert W. Baird lowered their price objective on shares of CSX from $39.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, January 24th. Royal Bank of Canada cut their target price on shares of CSX from $34.00 to $33.00 and set a "sector perform" rating for the company in a research report on Friday, January 24th. Finally, Stephens reissued an "overweight" rating and issued a $38.00 target price on shares of CSX in a research note on Friday, January 24th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $37.16.

CSX Trading Down 0.5 %

Shares of NASDAQ:CSX traded down $0.16 during trading on Friday, reaching $32.30. 23,611,829 shares of the company traded hands, compared to its average volume of 14,363,321. CSX Co. has a 52-week low of $31.43 and a 52-week high of $40.12. The firm has a market capitalization of $62.29 billion, a price-to-earnings ratio of 18.04, a P/E/G ratio of 1.92 and a beta of 1.23. The business's fifty day moving average is $32.65 and its 200-day moving average is $33.77. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX - Get Free Report) last announced its earnings results 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%. As a group, analysts forecast that CSX Co. will post 1.83 EPS for the current year.

CSX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Friday, February 28th. This is a boost from CSX's previous quarterly dividend of $0.12. CSX's payout ratio is 26.82%.

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.