Everpar Advisors LLC Invests $677,000 in CSX Co. (NASDAQ:CSX)

Everpar Advisors LLC bought a new stake in shares of CSX Co. (NASDAQ:CSX) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 19,539 shares of the transportation company’s stock, valued at approximately $677,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fortitude Family Office LLC bought a new stake in shares of CSX in the 4th quarter valued at approximately $27,000. Life Planning Partners Inc acquired a new position in CSX during the fourth quarter worth $27,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of CSX during the fourth quarter valued at $34,000. Venturi Wealth Management LLC boosted its stake in shares of CSX by 228.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 995 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 692 shares in the last quarter. Finally, Avion Wealth grew its holdings in shares of CSX by 450.5% in the 4th quarter. Avion Wealth now owns 1,002 shares of the transportation company’s stock worth $35,000 after purchasing an additional 820 shares during the last quarter. Institutional investors own 73.57% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on CSX shares. StockNews.com lowered shares of CSX from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Benchmark reaffirmed a “buy” rating and set a $40.00 price target on shares of CSX in a report on Thursday, April 18th. Royal Bank of Canada reduced their price objective on CSX from $37.00 to $36.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 18th. Raymond James raised their target price on CSX from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Tuesday, January 16th. Finally, Stifel Nicolaus upped their price target on shares of CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, CSX has an average rating of “Moderate Buy” and an average price target of $38.00.

CSX Stock Up 0.8 %

Shares of CSX stock traded up $0.28 on Tuesday, hitting $33.96. The company had a trading volume of 9,546,209 shares, compared to its average volume of 12,242,812. CSX Co. has a twelve month low of $29.03 and a twelve month 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 stock has a 50-day moving average of $36.06 and a 200-day moving average of $34.64. The firm has a market capitalization of $66.39 billion, a P/E ratio of 18.66, a P/E/G ratio of 2.03 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. The firm had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.66 billion. CSX had a return on equity of 29.58% and a net margin of 24.75%. The company’s revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 EPS. Research analysts predict that CSX Co. will post 1.95 earnings per share for the current year.

CSX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This is a positive change from CSX’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 1.41%. CSX’s payout ratio is currently 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.