Nilsine Partners LLC Acquires 3,516 Shares of CSX Corporation (NASDAQ:CSX)

Nilsine Partners LLC increased its holdings in CSX Corporation (NASDAQ:CSX) by 8.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,696 shares of the transportation company’s stock after purchasing an additional 3,516 shares during the period. Nilsine Partners LLC’s holdings in CSX were worth $1,286,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. bought a new stake in CSX in the fourth quarter worth $27,000. Accredited Wealth Management LLC bought a new position in CSX during the fourth quarter valued at $29,000. Fourth Dimension Wealth LLC bought a new position in CSX during the fourth quarter valued at $29,000. SBI Securities Co. Ltd. bought a new position in CSX during the fourth quarter valued at $31,000. Finally, Kayne Anderson Rudnick Investment Management LLC increased its position in CSX by 219.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,040 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 714 shares during the last quarter. Institutional investors own 73.57% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Jefferies Financial Group cut their price objective on shares of CSX from $37.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Citigroup cut their price objective on shares of CSX from $39.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Royal Bank Of Canada cut their price objective on shares of CSX from $31.00 to $30.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 17th. Deutsche Bank Aktiengesellschaft started coverage on shares of CSX in a research report on Friday, March 7th. They set a “hold” rating and a $34.00 price objective on the stock. Finally, BMO Capital Markets lowered their target price on shares of CSX from $36.00 to $35.00 and set an “outperform” rating for the company in a research note on Thursday, April 17th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.14.

CSX Stock Down 0.6%

NASDAQ:CSX opened at $32.06 on Friday. CSX Corporation has a 1-year low of $26.22 and a 1-year high of $37.10. The company has a 50-day moving average of $30.16 and a 200 day moving average of $31.10. The firm has a market cap of $60.23 billion, a PE ratio of 19.20, a price-to-earnings-growth ratio of 2.81 and a beta of 1.24. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.88 and a quick ratio of 0.75.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). CSX had a return on equity of 26.42% and a net margin of 22.66%. The business had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.53 billion. As a group, research analysts anticipate that CSX Corporation will post 1.83 EPS for the current fiscal year.

CSX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a $0.13 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a yield of 1.62%. CSX’s dividend payout ratio is presently 31.14%.

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.