Beck Bode LLC Buys Shares of 236,601 CSX Co. (NASDAQ:CSX)

Beck Bode LLC purchased a new stake in CSX Co. (NASDAQ:CSX) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 236,601 shares of the transportation company’s stock, valued at approximately $8,203,000. CSX comprises 1.8% of Beck Bode LLC’s portfolio, making the stock its 22nd biggest position.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Fortitude Family Office LLC acquired a new position in CSX during the 4th quarter worth approximately $27,000. Life Planning Partners Inc bought a new stake in CSX in the 4th quarter valued at $27,000. Venturi Wealth Management LLC increased its position in CSX by 228.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 995 shares of the transportation company’s stock worth $31,000 after buying an additional 692 shares during the period. Turtle Creek Wealth Advisors LLC bought a new position in CSX during the 4th quarter worth $34,000. Finally, Avion Wealth increased its position in CSX by 450.5% during the 4th quarter. Avion Wealth now owns 1,002 shares of the transportation company’s stock worth $35,000 after buying an additional 820 shares during the period. 73.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CSX shares. Royal Bank of Canada reduced their target price on CSX from $37.00 to $36.00 and set a “sector perform” rating on the stock in a report on Thursday, April 18th. TD Cowen lifted 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. Jefferies Financial Group reduced their price objective on CSX from $40.00 to $38.00 and set a “hold” rating for the company in a research note on Thursday, April 18th. Benchmark reissued a “buy” rating and issued a $40.00 price objective on shares of CSX in a research report on Thursday, April 18th. Finally, Susquehanna boosted their price objective on CSX from $42.00 to $44.00 and gave the stock a “positive” rating in a research report on Thursday, March 28th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.00.

CSX Stock Down 2.2 %

CSX stock traded down $0.73 on Tuesday, reaching $33.22. 17,483,721 shares of the company traded hands, compared to its average volume of 12,415,493. CSX Co. has a one year low of $29.03 and a one year high of $40.12. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.15 and a quick ratio of 1.00. The company has a market cap of $64.94 billion, a P/E ratio of 18.25, a price-to-earnings-growth ratio of 2.04 and a beta of 1.18. The firm has a fifty day simple moving average of $36.48 and a 200-day simple moving average of $34.54.

CSX (NASDAQ:CSX) last issued its earnings results on Wednesday, April 17th. The transportation company reported $0.46 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $3.66 billion. During the same period last year, the business posted $0.48 EPS. The company’s revenue was down .8% compared to the same quarter last year. Research analysts anticipate that CSX Co. will post 1.95 earnings per share for the current year.

CSX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a $0.12 dividend. This is an increase from CSX’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was Wednesday, February 28th. CSX’s dividend payout ratio (DPR) is 26.37%.

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.