Partners in Financial Planning Makes New Investment in CSX Co. (NASDAQ:CSX)

Partners in Financial Planning acquired a new stake in CSX Co. (NASDAQ:CSX - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 15,816 shares of the transportation company's stock, valued at approximately $510,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new position in CSX in the fourth quarter valued at approximately $31,000. Sierra Ocean LLC acquired a new position in shares of CSX in the 4th quarter valued at $33,000. Center for Financial Planning Inc. grew its position in shares of CSX by 205.7% in the 4th quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company's stock valued at $35,000 after buying an additional 720 shares during the last quarter. Atala Financial Inc acquired a new stake in CSX during the 4th quarter worth $36,000. Finally, Millstone Evans Group LLC purchased a new stake in CSX in the fourth quarter valued at $37,000. 73.57% of the stock is owned by institutional investors and hedge funds.

CSX Price Performance

CSX stock traded up $0.20 during midday trading on Wednesday, reaching $29.74. The company's stock had a trading volume of 9,463,338 shares, compared to its average volume of 12,354,314. 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 fifty-two week low of $28.08 and a fifty-two week high of $37.10. The firm has a market capitalization of $56.05 billion, a PE ratio of 16.61, a P/E/G ratio of 1.92 and a beta of 1.22. The stock's 50 day simple moving average is $31.61 and its 200 day simple moving average is $33.14.

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

CSX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.13 dividend. This is an increase from CSX's previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 1.75%. The ex-dividend date was Friday, February 28th. CSX's dividend payout ratio (DPR) is presently 29.05%.

Analyst Ratings Changes

CSX has been the topic of several research reports. BMO Capital Markets dropped their price objective on CSX from $40.00 to $38.00 and set an "outperform" rating on the stock in a report on Friday, January 24th. Susquehanna cut their price target on CSX from $39.00 to $37.00 and set a "positive" rating on the stock in a research report on Thursday, March 27th. UBS Group decreased their price objective on CSX from $39.00 to $36.00 and set a "buy" rating for the company in a report on Wednesday. Wells Fargo & Company cut their target price on shares of CSX from $34.00 to $31.00 and set an "equal weight" rating on the stock in a report on Thursday, March 27th. Finally, Loop Capital downgraded shares of CSX from a "buy" rating to a "hold" rating and reduced their price target for the company from $40.00 to $34.00 in a research report on Monday, February 3rd. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, CSX presently has an average rating of "Moderate Buy" and a consensus target price of $36.20.

CSX 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.