31,770 Shares in CSX Co. (NASDAQ:CSX) Acquired by Yoffe Investment Management LLC

Yoffe Investment Management LLC purchased a new position in shares of CSX Co. (NASDAQ:CSX) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 31,770 shares of the transportation company’s stock, valued at approximately $1,025,000. CSX comprises about 1.5% of Yoffe Investment Management LLC’s portfolio, making the stock its 14th biggest position.

A number of other large investors have also recently bought and sold shares of CSX. Marshall & Sterling Wealth Advisors Inc. acquired a new position in CSX during the 4th quarter worth approximately $27,000. Accredited Wealth Management LLC acquired a new position in CSX during the 4th quarter worth approximately $29,000. Fourth Dimension Wealth LLC acquired a new position in CSX during the 4th quarter worth approximately $29,000. SBI Securities Co. Ltd. acquired a new position in CSX during the 4th quarter worth approximately $31,000. Finally, Sierra Ocean LLC acquired a new position in CSX during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Trading Up 0.6%

Shares of CSX stock opened at $30.82 on Monday. The business has a fifty day simple moving average of $28.91 and a two-hundred day simple moving average of $31.62. CSX Co. has a 1 year low of $26.22 and a 1 year high of $37.10. The company has a market capitalization of $57.90 billion, a price-to-earnings ratio of 17.22, a P/E/G ratio of 1.92 and a beta of 1.22. 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) last announced its quarterly earnings results on Wednesday, April 16th. The transportation company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.05). CSX had a net margin of 23.95% and a return on equity of 28.15%. The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.53 billion. Research analysts forecast that CSX Co. will post 1.83 EPS for the current year.

CSX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Friday, May 30th. CSX’s dividend payout ratio is currently 31.14%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CSX shares. Evercore ISI reduced their price target on CSX from $35.00 to $33.00 and set an “outperform” rating for the company in a research report on Thursday, April 17th. Wells Fargo & Company cut their price objective on CSX from $31.00 to $28.00 and set an “equal weight” rating for the company in a report on Thursday, April 17th. Benchmark reissued a “buy” rating and issued a $35.00 price objective on shares of CSX in a report on Thursday, April 17th. Loop Capital downgraded CSX from a “buy” rating to a “hold” rating and cut their price objective for the company from $40.00 to $34.00 in a report on Monday, February 3rd. Finally, Royal Bank of Canada cut their price objective on CSX from $31.00 to $30.00 and set a “sector perform” rating for the company in a report on Thursday, April 17th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, CSX presently has a consensus rating of “Moderate Buy” and an average price target of $33.90.

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.