Syon Capital LLC Acquires 1,875 Shares of CSX Co. (NASDAQ:CSX)

Syon Capital LLC raised its stake in CSX Co. (NASDAQ:CSX) by 8.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,505 shares of the transportation company’s stock after buying an additional 1,875 shares during the quarter. Syon Capital LLC’s holdings in CSX were worth $815,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. High Net Worth Advisory Group LLC boosted its position in CSX by 1.7% during the 4th quarter. High Net Worth Advisory Group LLC now owns 17,704 shares of the transportation company’s stock worth $614,000 after acquiring an additional 304 shares during the last quarter. Stratos Wealth Advisors LLC lifted its position in CSX by 1.1% during the 4th quarter. Stratos Wealth Advisors LLC now owns 28,210 shares of the transportation company’s stock worth $978,000 after buying an additional 304 shares in the last quarter. Cornercap Investment Counsel Inc. boosted its stake in shares of CSX by 0.3% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 120,244 shares of the transportation company’s stock worth $4,169,000 after buying an additional 309 shares during the last quarter. Astoria Portfolio Advisors LLC. grew its holdings in shares of CSX by 2.4% in the 3rd quarter. Astoria Portfolio Advisors LLC. now owns 14,672 shares of the transportation company’s stock valued at $434,000 after acquiring an additional 349 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its position in shares of CSX by 2.0% in the third quarter. Parkside Financial Bank & Trust now owns 17,967 shares of the transportation company’s stock valued at $552,000 after acquiring an additional 352 shares during the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. StockNews.com cut shares of CSX from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. BMO Capital Markets boosted their price target on CSX from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Royal Bank of Canada cut their price objective on CSX from $37.00 to $36.00 and set a “sector perform” rating for the company in a research report on Thursday, April 18th. TD Cowen boosted their target price on CSX from $32.00 to $36.00 and gave the stock a “market perform” rating in a report on Thursday, January 25th. Finally, Susquehanna raised their price target on CSX from $42.00 to $44.00 and gave the company a “positive” rating in a report on Thursday, March 28th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, CSX has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

CSX Trading Down 0.1 %

NASDAQ:CSX traded down $0.04 on Friday, reaching $33.99. 10,661,937 shares of the stock traded hands, compared to its average volume of 12,369,569. The firm has a market capitalization of $66.45 billion, a price-to-earnings ratio of 18.70, a price-to-earnings-growth ratio of 2.02 and a beta of 1.18. CSX Co. has a 1-year low of $29.03 and a 1-year high of $40.12. The company has a current ratio of 1.15, a quick ratio of 1.00 and a debt-to-equity ratio of 1.42. The company’s 50 day moving average is $36.67 and its 200-day moving average is $34.45.

CSX (NASDAQ:CSX) last released its earnings results on Wednesday, April 17th. The transportation company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.45 by $0.01. CSX had a return on equity of 29.58% and a net margin of 24.75%. The business had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.66 billion. During the same quarter last year, the firm posted $0.48 earnings per share. The firm’s revenue was down .8% on a year-over-year basis. Equities research analysts anticipate that CSX Co. will post 1.95 EPS for the current fiscal year.

CSX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a $0.12 dividend. This is a boost from CSX’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.48 annualized dividend and a yield of 1.41%. CSX’s dividend payout ratio (DPR) is presently 26.37%.

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.