Life Planning Partners Inc Takes $780,000 Position in CSX Co. (NASDAQ:CSX)

Life Planning Partners Inc acquired a new position in shares of CSX Co. (NASDAQ:CSX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 25,171 shares of the transportation company's stock, valued at approximately $780,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Avior Wealth Management LLC boosted 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 in the last quarter. Lake Street Advisors Group LLC boosted its holdings in CSX by 1.8% in the third quarter. Lake Street Advisors Group LLC now owns 17,246 shares of the transportation company's stock valued at $595,000 after purchasing an additional 306 shares in the last quarter. Rehmann Capital Advisory Group boosted 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 in the last quarter. J.W. Cole Advisors Inc. boosted its holdings in CSX by 0.9% in the third quarter. J.W. Cole Advisors Inc. now owns 35,401 shares of the transportation company's stock valued at $1,222,000 after purchasing an additional 309 shares in the last quarter. Finally, Associated Banc Corp boosted 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 in the last quarter. 73.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CSX. Wells Fargo & Company decreased their price objective on CSX from $36.00 to $34.00 and set an "equal weight" rating for the company in a report on Friday, January 24th. Robert W. Baird decreased their price objective on CSX from $39.00 to $38.00 and set an "outperform" rating for the company in a report on Friday, January 24th. Loop Capital downgraded CSX from a "buy" rating to a "hold" rating and decreased their price objective for the company from $40.00 to $34.00 in a report on Monday, February 3rd. BMO Capital Markets decreased their price objective on CSX from $40.00 to $38.00 and set an "outperform" rating for the company in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. decreased their price objective on CSX from $38.00 to $37.00 and set an "overweight" rating for the company in a report 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $37.16.

CSX Price Performance

NASDAQ:CSX traded up $0.27 during trading hours on Tuesday, hitting $33.64. The company's stock had a trading volume of 3,388,666 shares, compared to its average volume of 13,789,827. The business's 50-day moving average is $32.71 and its two-hundred day moving average is $33.79. The company has a market capitalization of $64.86 billion, a PE ratio of 18.78, a PEG ratio of 1.91 and a beta of 1.23. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. CSX Co. has a 52-week low of $31.43 and a 52-week high of $40.12.

CSX (NASDAQ:CSX - Get Free Report) last announced its quarterly earnings results 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 net margin of 23.95% and a return on equity of 28.15%. As a group, research analysts anticipate that CSX Co. will post 1.86 EPS for the current fiscal year.

CSX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.13 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.55%. This is a boost from CSX's previous quarterly dividend of $0.12. CSX's dividend payout ratio (DPR) is currently 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.