Isthmus Partners LLC Buys Shares of 12,050 CSX Co. (NASDAQ:CSX)

Isthmus Partners LLC purchased a new position in shares of CSX Co. (NASDAQ:CSX - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 12,050 shares of the transportation company's stock, valued at approximately $389,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Avior Wealth Management LLC grew its holdings in CSX by 2.5% in the third quarter. Avior Wealth Management LLC now owns 11,790 shares of the transportation company's stock valued at $407,000 after purchasing an additional 293 shares during the period. Rehmann Capital Advisory Group grew its holdings in CSX by 1.3% in the third quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company's stock valued at $830,000 after purchasing an additional 306 shares during the period. Associated Banc Corp grew its holdings in CSX by 0.6% in the third quarter. Associated Banc Corp now owns 55,534 shares of the transportation company's stock valued at $1,918,000 after purchasing an additional 310 shares during the period. Joel Isaacson & Co. LLC grew 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 valued at $421,000 after purchasing an additional 310 shares during the period. Finally, Patrick M Sweeney & Associates Inc. grew its holdings 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 purchasing an additional 313 shares during the period. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

CSX has been the subject of a number of recent analyst reports. Stephens restated an "overweight" rating and issued a $38.00 target price on shares of CSX in a report on Friday, January 24th. Barclays reduced their price target on shares of CSX from $40.00 to $38.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Benchmark reaffirmed a "buy" rating and set a $38.00 price target on shares of CSX in a research report on Monday, January 27th. BMO Capital Markets reduced their price target on shares of CSX from $40.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, January 24th. Finally, Raymond James reaffirmed an "outperform" rating and set a $37.00 price target (down from $38.00) on shares of CSX in a research report on Friday, January 24th. Seven 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 company has a consensus rating of "Moderate Buy" and a consensus price target of $37.00.

CSX Stock Down 1.4 %

CSX traded down $0.42 during trading on Thursday, hitting $29.13. The company had a trading volume of 16,504,595 shares, compared to its average volume of 11,722,129. The company has a market cap of $55.19 billion, a PE ratio of 16.27, a P/E/G ratio of 1.92 and a beta of 1.25. The business has a 50-day moving average of $32.28 and a 200-day moving average of $33.52. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. CSX Co. has a 1-year low of $29.00 and a 1-year high of $38.03.

CSX (NASDAQ:CSX - Get Free Report) last posted its quarterly 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 net margin of 23.95% and a return on equity of 28.15%. As a group, analysts forecast that CSX Co. will post 1.83 earnings per share for the current 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. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from CSX's previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 1.79%. CSX's dividend payout ratio is currently 29.05%.

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.