Sound View Wealth Advisors Group LLC Purchases 872 Shares of CSX Co. (NASDAQ:CSX)

Sound View Wealth Advisors Group LLC increased its position in CSX Co. (NASDAQ:CSX) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,352 shares of the transportation company’s stock after purchasing an additional 872 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in CSX were worth $754,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Argentarii LLC acquired a new position in shares of CSX during the fourth quarter valued at about $703,000. Atlantic Union Bankshares Corp lifted its position in CSX by 0.9% in the 4th quarter. Atlantic Union Bankshares Corp now owns 160,384 shares of the transportation company’s stock valued at $5,176,000 after acquiring an additional 1,494 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in CSX by 11.5% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 18,136 shares of the transportation company’s stock valued at $585,000 after purchasing an additional 1,873 shares during the last quarter. Banco Santander S.A. bought a new stake in CSX during the 4th quarter worth approximately $424,000. Finally, RKL Wealth Management LLC bought a new stake in CSX during the 4th quarter worth approximately $494,000. 73.57% of the stock is currently owned by institutional investors.

CSX Stock Up 1.1 %

Shares of NASDAQ CSX opened at $31.26 on Monday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. The stock has a market capitalization of $59.23 billion, a PE ratio of 17.46, a P/E/G ratio of 1.92 and a beta of 1.25. CSX Co. has a one year low of $30.55 and a one year high of $38.35. The business’s fifty day moving average price is $32.48 and its 200-day moving average price is $33.62.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. On average, equities research analysts anticipate that CSX Co. will post 1.83 EPS for the current year.

CSX Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.13 dividend. The ex-dividend date is Friday, February 28th. This is an increase from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 1.66%. CSX’s dividend payout ratio (DPR) is 29.05%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on CSX in a research report on Friday. They set a “hold” rating and a $34.00 target price on the stock. Robert W. Baird cut their price objective 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. Loop Capital downgraded shares of CSX from a “buy” rating to a “hold” rating and lowered their target price for the company from $40.00 to $34.00 in a report on Monday, February 3rd. Susquehanna cut their price target on shares of CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $37.00.

CSX Company 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.