Steward Partners Investment Advisory LLC Has $3.81 Million Stock Holdings in CSX Co. (NASDAQ:CSX)

Steward Partners Investment Advisory LLC increased its position in CSX Co. (NASDAQ:CSX - Free Report) by 13.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 118,005 shares of the transportation company's stock after buying an additional 13,836 shares during the period. Steward Partners Investment Advisory LLC's holdings in CSX were worth $3,808,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. grew its holdings in CSX by 177.8% during the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company's stock valued at $26,000 after purchasing an additional 480 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in CSX during the fourth quarter valued at approximately $31,000. Sierra Ocean LLC acquired a new position in CSX during the fourth quarter valued at approximately $33,000. Addison Advisors LLC grew its holdings in CSX by 348.5% during the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company's stock valued at $36,000 after purchasing an additional 812 shares during the last quarter. Finally, Center for Financial Planning Inc. grew its holdings in CSX by 205.7% during the fourth quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company's stock valued at $35,000 after purchasing an additional 720 shares during the last quarter. Institutional investors and hedge funds own 73.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CSX. Citigroup lowered their price target on CSX from $40.00 to $39.00 and set a "buy" rating on the stock in a report on Friday, January 24th. Raymond James reiterated an "outperform" rating and set a $37.00 price target (down previously from $38.00) on shares of CSX in a report on Friday, January 24th. Royal Bank of Canada reduced their price objective on CSX from $34.00 to $33.00 and set a "sector perform" rating for the company in a research report on Friday, January 24th. Barclays reduced their price objective on CSX from $40.00 to $38.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. Finally, BMO Capital Markets reduced their price objective on CSX from $40.00 to $38.00 and set an "outperform" rating for the company in a research report on Friday, January 24th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, CSX has an average rating of "Moderate Buy" and an average price target of $37.00.

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CSX Price Performance

Shares of NASDAQ CSX traded up $0.33 during midday trading on Friday, reaching $31.26. 19,422,389 shares of the company traded hands, compared to its average volume of 11,630,004. The firm has a market cap of $59.23 billion, a PE ratio of 17.46, a PEG ratio of 1.92 and a beta of 1.25. The stock's 50-day simple moving average is $32.48 and its 200-day simple moving average is $33.62. CSX Co. has a 12 month low of $30.55 and a 12 month high of $38.35. 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 (NASDAQ:CSX - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) 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, equities analysts anticipate that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.13 per share. 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 dividend on an annualized basis and a dividend yield of 1.66%. CSX's dividend payout ratio (DPR) is presently 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.