StoneX Group Inc. Grows Stock Holdings in CSX Co. (NASDAQ:CSX)

by · The Cerbat Gem

StoneX Group Inc. increased its position in CSX Co. (NASDAQ:CSX – Free Report) by 21.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 47,976 shares of the transportation company’s stock after buying an additional 8,325 shares during the period. StoneX Group Inc.’s holdings in CSX were worth $1,548,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Diversified Trust Co boosted its stake in shares of CSX by 180.7% in the fourth quarter. Diversified Trust Co now owns 72,197 shares of the transportation company’s stock worth $2,330,000 after acquiring an additional 46,473 shares during the period. Marshall Financial Group LLC bought a new position in CSX in the 4th quarter worth approximately $1,084,000. Carnegie Investment Counsel grew its holdings in CSX by 1.4% during the 4th quarter. Carnegie Investment Counsel now owns 612,051 shares of the transportation company’s stock valued at $19,751,000 after buying an additional 8,474 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of CSX by 6.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 653,025 shares of the transportation company’s stock valued at $22,549,000 after buying an additional 41,547 shares during the last quarter. Finally, Waycross Partners LLC lifted its holdings in shares of CSX by 7.0% in the fourth quarter. Waycross Partners LLC now owns 619,471 shares of the transportation company’s stock worth $19,990,000 after buying an additional 40,611 shares in the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CSX shares. Robert W. Baird reduced their price target on shares of CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, January 24th. Jefferies Financial Group upgraded CSX from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Friday, January 10th. Citigroup cut their price target on CSX from $40.00 to $39.00 and set a “buy” rating for the company in a report on Friday, January 24th. Barclays lowered their target price on CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Finally, Susquehanna reduced their price target on shares of CSX from $39.00 to $37.00 and set a “positive” rating on the stock in a research report on Thursday, March 27th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $36.75.

View Our Latest Report on CSX

CSX Price Performance

CSX opened at $29.54 on Wednesday. The business has a fifty day moving average of $31.61 and a 200 day moving average of $33.14. The stock has a market cap of $55.68 billion, a P/E ratio of 16.50, a PEG ratio of 1.92 and a beta of 1.25. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. CSX Co. has a 52-week low of $28.98 and a 52-week high of $37.10.

CSX (NASDAQ:CSX – Get Free Report) last issued its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. As a group, sell-side analysts anticipate that CSX Co. will post 1.83 EPS for the current year.

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.76%. This is a boost from CSX’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, February 28th. CSX’s payout ratio is 29.05%.

About CSX

(Free Report)

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.

See Also

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