GWN Securities Inc. Buys Shares of 25,893 CSX Co. (NASDAQ:CSX)

GWN Securities Inc. purchased a new position in CSX Co. (NASDAQ:CSX - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 25,893 shares of the transportation company's stock, valued at approximately $846,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Avior Wealth Management LLC lifted its position 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 worth $407,000 after buying an additional 293 shares during the last quarter. Rehmann Capital Advisory Group raised its stake in CSX by 1.3% during the third quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company's stock worth $830,000 after acquiring an additional 306 shares during the period. Associated Banc Corp raised its stake in CSX by 0.6% during the third quarter. Associated Banc Corp now owns 55,534 shares of the transportation company's stock worth $1,918,000 after acquiring an additional 310 shares during the period. Joel Isaacson & Co. LLC lifted its holdings in CSX by 2.4% in the fourth quarter. Joel Isaacson & Co. LLC now owns 13,036 shares of the transportation company's stock worth $421,000 after acquiring an additional 310 shares during the last quarter. Finally, Patrick M Sweeney & Associates Inc. boosted its stake in CSX by 1.0% in the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 31,827 shares of the transportation company's stock valued at $1,027,000 after acquiring an additional 313 shares during the period. 73.57% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

Several analysts recently issued reports on CSX shares. BMO Capital Markets cut their price target on CSX from $40.00 to $38.00 and set an "outperform" rating on the stock in a report on Friday, January 24th. Susquehanna reduced their price target on shares of CSX from $40.00 to $39.00 and set a "positive" rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of CSX in a research report on Friday, March 7th. They set a "hold" rating and a $34.00 price target for the company. Jefferies Financial Group raised shares of CSX from a "hold" rating to a "buy" rating and set a $37.00 target price for the company in a research note on Friday, January 10th. Finally, Stephens restated an "overweight" rating and issued a $38.00 target price on shares of CSX in a research report on Friday, January 24th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $37.00.

CSX Price Performance

CSX stock traded down $0.09 on Thursday, hitting $29.98. 16,101,263 shares of the company's stock traded hands, compared to its average volume of 11,694,501. The stock has a market cap of $56.80 billion, a price-to-earnings ratio of 16.75, a P/E/G ratio of 1.92 and a beta of 1.25. CSX Co. has a 1-year low of $28.98 and a 1-year high of $38.03. 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 stock has a fifty day moving average of $32.12 and a 200-day moving average of $33.41.

CSX (NASDAQ:CSX - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share 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%. On average, analysts forecast that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.73%. This is a positive change from CSX's previous quarterly dividend of $0.12. CSX's payout ratio is currently 29.05%.

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.