21,195 Shares in CSX Co. (NASDAQ:CSX) Purchased by RIA Advisory Group LLC

RIA Advisory Group LLC bought a new position in CSX Co. (NASDAQ:CSX - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 21,195 shares of the transportation company's stock, valued at approximately $732,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. purchased a new position in shares of CSX during the 2nd quarter valued at about $26,000. Valley Wealth Managers Inc. raised its stake 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 buying an additional 480 shares during the last quarter. MFA Wealth Advisors LLC purchased a new position in shares of CSX during the 2nd quarter valued at about $27,000. Morton Brown Family Wealth LLC purchased a new position in shares of CSX during the 3rd quarter valued at about $31,000. Finally, Fairscale Capital LLC purchased a new position in shares of CSX during the 2nd quarter valued at about $32,000. Hedge funds and other institutional investors own 73.57% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on CSX. Stifel Nicolaus reduced their price objective on CSX from $39.00 to $37.00 and set a "buy" rating for the company in a research note on Thursday, October 17th. Benchmark restated a "buy" rating and issued a $40.00 price target on shares of CSX in a research note on Wednesday, August 7th. Loop Capital cut their price target on CSX from $43.00 to $42.00 and set a "buy" rating for the company in a research note on Thursday, October 17th. Wells Fargo & Company cut their price target on CSX from $35.00 to $34.00 and set an "equal weight" rating for the company in a research note on Thursday, October 17th. Finally, Citigroup lifted their price target on CSX from $42.00 to $44.00 and gave the company a "buy" rating in a research note on Tuesday. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $38.78.

CSX Stock Down 1.4 %

Shares of CSX stock traded down $0.50 during trading hours on Friday, reaching $35.13. 10,597,925 shares of the company were exchanged, compared to its average volume of 11,734,151. CSX Co. has a 1 year low of $30.86 and a 1 year high of $40.12. The stock's fifty day moving average is $34.32 and its 200 day moving average is $33.89. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39. The firm has a market cap of $67.75 billion, a PE ratio of 18.89, a PEG ratio of 2.32 and a beta of 1.19.

CSX (NASDAQ:CSX - Get Free Report) last posted its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.48 by ($0.02). The company had revenue of $3.62 billion for the quarter, compared to analysts' expectations of $3.68 billion. CSX had a return on equity of 28.92% and a net margin of 24.77%. The firm's revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.42 EPS. As a group, equities research analysts forecast that CSX Co. will post 1.84 earnings per share for the current year.

CSX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.48 annualized dividend and a yield of 1.37%. CSX's dividend payout ratio is presently 25.81%.

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.