CSX Co. (NASDAQ:CSX) Shares Bought by Obsidian Personal Planning Solutions LLC

Obsidian Personal Planning Solutions LLC grew its stake in shares of CSX Co. (NASDAQ:CSX) by 6.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 7,911 shares of the transportation company’s stock after acquiring an additional 450 shares during the period. Obsidian Personal Planning Solutions LLC’s holdings in CSX were worth $266,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Western Wealth Management LLC lifted its position in shares of CSX by 0.8% during the 2nd quarter. Western Wealth Management LLC now owns 36,127 shares of the transportation company’s stock valued at $1,208,000 after acquiring an additional 295 shares during the last quarter. TriaGen Wealth Management LLC raised its stake in CSX by 2.7% during the 2nd quarter. TriaGen Wealth Management LLC now owns 11,524 shares of the transportation company’s stock valued at $385,000 after purchasing an additional 300 shares during the period. Lake Street Advisors Group LLC raised its stake in CSX by 1.8% during the 3rd quarter. Lake Street Advisors Group LLC now owns 17,246 shares of the transportation company’s stock valued at $595,000 after purchasing an additional 306 shares during the period. J.W. Cole Advisors Inc. raised its stake in CSX by 0.9% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 35,401 shares of the transportation company’s stock valued at $1,222,000 after purchasing an additional 309 shares during the period. Finally, Jamison Private Wealth Management Inc. raised its stake in CSX by 33.7% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 1,253 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 316 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Stock Down 1.4 %

CSX stock opened at $35.13 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23. CSX Co. has a 52-week low of $30.86 and a 52-week high of $40.12. The company has a 50-day moving average of $34.32 and a two-hundred day moving average of $33.90. The stock has a market capitalization of $67.75 billion, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 2.23 and a beta of 1.19.

CSX (NASDAQ:CSX) last released its quarterly earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). CSX had a net margin of 24.77% and a return on equity of 28.92%. The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.68 billion. During the same quarter last year, the company earned $0.42 earnings per share. The firm’s revenue was up 1.3% on a year-over-year basis. As a group, equities research analysts anticipate that CSX Co. will post 1.84 EPS for the current year.

CSX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Friday, November 29th. CSX’s payout ratio is presently 25.81%.

Analyst Ratings Changes

CSX has been the topic of several recent analyst reports. Loop Capital cut their target price on shares of CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Susquehanna cut their target price on shares of CSX from $42.00 to $40.00 and set a “positive” rating on the stock in a research note on Thursday, October 17th. BMO Capital Markets dropped their price target on shares of CSX from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. JPMorgan Chase & Co. upped their price target on shares of CSX from $39.00 to $42.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 6th. Finally, Evercore ISI dropped their price target on shares of CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.78.

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.