Dynamic Advisor Solutions LLC Buys 3,257 Shares of CSX Co. (NASDAQ:CSX)

Dynamic Advisor Solutions LLC increased its stake in shares of CSX Co. (NASDAQ:CSX) by 10.1% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 35,503 shares of the transportation company’s stock after acquiring an additional 3,257 shares during the period. Dynamic Advisor Solutions LLC’s holdings in CSX were worth $1,316,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of CSX. High Net Worth Advisory Group LLC increased its position in CSX by 1.7% during the fourth quarter. High Net Worth Advisory Group LLC now owns 17,704 shares of the transportation company’s stock worth $614,000 after buying an additional 304 shares during the last quarter. Stratos Wealth Advisors LLC increased its position in CSX by 1.1% during the fourth 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 during the last quarter. Cornercap Investment Counsel Inc. increased its position in CSX by 0.3% during the fourth 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. FCA Corp TX increased its position in CSX by 0.3% during the fourth quarter. FCA Corp TX now owns 115,572 shares of the transportation company’s stock worth $4,007,000 after buying an additional 339 shares during the last quarter. Finally, Castle Wealth Management LLC increased its position in CSX by 2.4% during the fourth quarter. Castle Wealth Management LLC now owns 15,413 shares of the transportation company’s stock worth $534,000 after buying an additional 367 shares during the last quarter. Institutional investors own 73.57% of the company’s stock.

Analysts Set New Price Targets

CSX has been the topic of several research reports. Wells Fargo & Company initiated coverage on CSX in a research report on Friday, June 7th. They issued an “equal weight” rating and a $35.00 target price on the stock. Benchmark reaffirmed a “buy” rating and issued a $40.00 target price on shares of CSX in a research report on Thursday, April 18th. UBS Group decreased their target price on CSX from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Jefferies Financial Group decreased their target price on CSX from $40.00 to $38.00 and set a “hold” rating on the stock in a research report on Thursday, April 18th. Finally, Royal Bank of Canada decreased their target price on CSX from $37.00 to $36.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 18th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, CSX presently has a consensus rating of “Moderate Buy” and an average target price of $37.59.

CSX Stock Up 0.9 %

NASDAQ CSX opened at $33.01 on Thursday. The business has a fifty day moving average price of $33.53 and a two-hundred day moving average price of $35.14. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.15 and a quick ratio of 1.00. CSX Co. has a fifty-two week low of $29.03 and a fifty-two week high of $40.12. The stock has a market capitalization of $64.53 billion, a PE ratio of 18.14, a PEG ratio of 1.69 and a beta of 1.19.

CSX (NASDAQ:CSX) last released its earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share 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 firm had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.66 billion. During the same period in the prior year, the company earned $0.48 earnings per share. The company’s quarterly revenue was down .8% on a year-over-year basis. Equities analysts expect that CSX Co. will post 1.96 earnings per share for the current fiscal year.

CSX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date was Friday, May 31st. CSX’s payout ratio is 26.37%.

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.