Lloyd Advisory Services LLC. Grows Stake in CSX Co. (NASDAQ:CSX)

Lloyd Advisory Services LLC. raised its stake in CSX Co. (NASDAQ:CSX) by 564.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,325 shares of the transportation company’s stock after acquiring an additional 34,254 shares during the period. Lloyd Advisory Services LLC.’s holdings in CSX were worth $1,495,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. High Net Worth Advisory Group LLC lifted its holdings in shares of CSX by 1.7% in the 4th quarter. High Net Worth Advisory Group LLC now owns 17,704 shares of the transportation company’s stock valued at $614,000 after buying an additional 304 shares during the period. Stratos Wealth Advisors LLC lifted its holdings in shares of CSX by 1.1% in the 4th quarter. Stratos Wealth Advisors LLC now owns 28,210 shares of the transportation company’s stock valued at $978,000 after buying an additional 304 shares during the period. Cornercap Investment Counsel Inc. lifted its holdings in shares of CSX by 0.3% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 120,244 shares of the transportation company’s stock valued at $4,169,000 after buying an additional 309 shares during the period. FCA Corp TX lifted its holdings in shares of CSX by 0.3% in the 4th quarter. FCA Corp TX now owns 115,572 shares of the transportation company’s stock valued at $4,007,000 after buying an additional 339 shares during the period. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of CSX by 2.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 17,967 shares of the transportation company’s stock valued at $552,000 after buying an additional 352 shares during the period. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Trading Up 0.1 %

CSX traded up $0.05 during trading hours on Monday, reaching $33.46. The company’s stock had a trading volume of 4,205,935 shares, compared to its average volume of 11,869,728. 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 cap of $65.41 billion, a PE ratio of 18.36, a P/E/G ratio of 1.72 and a beta of 1.19. The business’s 50-day moving average is $33.61 and its 200-day moving average is $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 (NASDAQ:CSX) last released its quarterly earnings data on Wednesday, April 17th. The transportation company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.66 billion. During the same period in the prior year, the firm posted $0.48 earnings per share. The firm’s quarterly revenue was down .8% on a year-over-year basis. As a group, equities research analysts predict that CSX Co. will post 1.96 earnings per share for the current fiscal year.

CSX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Friday, May 31st. CSX’s dividend payout ratio (DPR) is 26.37%.

Wall Street Analysts Forecast Growth

CSX has been the topic of a number of research analyst reports. Royal Bank of Canada dropped their price target on shares of CSX from $37.00 to $36.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 18th. Benchmark reiterated a “buy” rating and issued a $40.00 price objective on shares of CSX in a report on Thursday, April 18th. Wells Fargo & Company started coverage on CSX in a research note on Friday, June 7th. They set an “equal weight” rating and a $35.00 price objective for the company. Stifel Nicolaus boosted their price objective on CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Finally, UBS Group cut their price objective on CSX from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $37.82.

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.