VSM Wealth Advisory LLC Buys Shares of 10,392 CSX Co. (NASDAQ:CSX)

VSM Wealth Advisory LLC acquired a new stake in shares of CSX Co. (NASDAQ:CSX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,392 shares of the transportation company's stock, valued at approximately $335,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CSX. Avior Wealth Management LLC lifted its position 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 buying an additional 293 shares during the last quarter. Rehmann Capital Advisory Group lifted its holdings in shares of CSX by 1.3% in the 3rd quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company's stock worth $830,000 after acquiring an additional 306 shares during the last quarter. Associated Banc Corp increased its holdings in CSX by 0.6% in the 3rd 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 last quarter. Joel Isaacson & Co. LLC raised its position 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. lifted its stake in CSX by 1.0% during the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 31,827 shares of the transportation company's stock worth $1,027,000 after purchasing an additional 313 shares in the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

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CSX Stock Performance

Shares of CSX stock traded down $0.41 during trading hours on Friday, hitting $29.57. The stock had a trading volume of 25,368,757 shares, compared to its average volume of 11,738,900. The stock's 50 day moving average is $32.03 and its 200 day moving average is $33.35. The firm has a market capitalization of $56.02 billion, a PE ratio of 16.52, a PEG ratio of 1.92 and a beta of 1.25. CSX Co. has a twelve month low of $28.98 and a twelve month high of $37.40. 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 (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 the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. As a group, research analysts forecast that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders 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 dividend yield of 1.76%. The ex-dividend date was Friday, February 28th. CSX's dividend payout ratio (DPR) is 29.05%.

Analysts Set New Price Targets

CSX has been the topic of several research analyst reports. Raymond James reiterated an "outperform" rating and issued a $37.00 price objective (down previously from $38.00) on shares of CSX in a report on Friday, January 24th. Stephens reissued an "overweight" rating and set a $38.00 price target on shares of CSX in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft started coverage on shares of CSX in a report on Friday, March 7th. They issued a "hold" rating and a $34.00 price objective for the company. Citigroup reduced their target price on shares of CSX from $40.00 to $39.00 and set a "buy" rating on the stock in a report on Friday, January 24th. Finally, Jefferies Financial Group raised shares of CSX from a "hold" rating to a "buy" rating and set a $37.00 target price on the stock in a report on Friday, January 10th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, CSX has an average rating of "Moderate Buy" and a consensus target price of $37.00.

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.