CSX Co. (NASDAQ:CSX) Shares Acquired by Brown Advisory Inc.

Posted by on Jun 11th, 2023

Brown Advisory Inc. increased its position in CSX Co. (NASDAQ:CSX – Get Rating) by 2.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 372,959 shares of the transportation company’s stock after purchasing an additional 8,715 shares during the period. Brown Advisory Inc.’s holdings in CSX were worth $11,554,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CSX. Northeast Financial Consultants Inc lifted its holdings in CSX by 66.1% in the fourth quarter. Northeast Financial Consultants Inc now owns 16,943 shares of the transportation company’s stock worth $525,000 after acquiring an additional 6,743 shares during the last quarter. Roundview Capital LLC lifted its holdings in CSX by 7.1% in the fourth quarter. Roundview Capital LLC now owns 40,613 shares of the transportation company’s stock worth $1,258,000 after acquiring an additional 2,692 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in CSX by 3.0% in the fourth quarter. Baird Financial Group Inc. now owns 480,901 shares of the transportation company’s stock worth $14,898,000 after acquiring an additional 14,132 shares during the last quarter. Kingsview Wealth Management LLC raised its holdings in shares of CSX by 7.1% during the fourth quarter. Kingsview Wealth Management LLC now owns 46,242 shares of the transportation company’s stock valued at $1,433,000 after buying an additional 3,050 shares during the last quarter. Finally, Longbow Finance SA bought a new stake in shares of CSX during the fourth quarter valued at approximately $6,413,000. 72.91% of the stock is currently owned by institutional investors and hedge funds.

CSX Trading Down 0.8 %

NASDAQ CSX opened at $32.31 on Friday. CSX Co. has a twelve month low of $25.80 and a twelve month high of $34.71. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.28 and a current ratio of 1.45. The stock has a market cap of $65.69 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 2.27 and a beta of 1.22. The firm’s 50 day moving average price is $31.14 and its two-hundred day moving average price is $31.07.

CSX (NASDAQ:CSX – Get Rating) last posted its quarterly earnings data on Thursday, April 20th. The transportation company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.05. CSX had a net margin of 28.35% and a return on equity of 33.01%. The firm had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.58 billion. During the same period in the previous year, the company posted $0.39 EPS. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. Equities analysts anticipate that CSX Co. will post 1.95 EPS for the current year.

CSX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.36%. The ex-dividend date is Tuesday, May 30th. CSX’s payout ratio is 21.67%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. UBS Group raised CSX from a “neutral” rating to a “buy” rating and lifted their price target for the company from $33.00 to $37.00 in a report on Thursday, June 1st. Raymond James lifted their price target on CSX from $34.00 to $35.00 and gave the company an “outperform” rating in a report on Friday, April 21st. Morgan Stanley lifted their price target on CSX from $24.00 to $26.00 and gave the company an “equal weight” rating in a report on Friday, April 21st. BMO Capital Markets lifted their price target on CSX from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, April 21st. Finally, Citigroup raised CSX from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $33.00 to $37.00 in a report on Monday, May 22nd. Nine equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $34.92.

CSX Profile

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CSX Corp. engages in the provision of rail-based freight transportation services. Its services include rail service, the transport of intermodal containers and trailers, rail-to-truck transfers and bulk commodity operations. The company was founded in 1827 and is headquartered in Jacksonville, FL.

Further Reading

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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