B. Metzler seel. Sohn & Co. Holding AG Buys New Shares in CSX Co. (NASDAQ:CSX)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of CSX Co. (NASDAQ:CSX - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 104,554 shares of the transportation company's stock, valued at approximately $3,610,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Interval Partners LP increased its holdings in CSX by 849.0% during the 2nd quarter. Interval Partners LP now owns 5,118,751 shares of the transportation company's stock valued at $171,222,000 after purchasing an additional 4,579,344 shares during the period. Manning & Napier Advisors LLC bought a new position in shares of CSX during the second quarter valued at approximately $116,430,000. Assenagon Asset Management S.A. lifted its stake in CSX by 318.5% in the third quarter. Assenagon Asset Management S.A. now owns 3,270,966 shares of the transportation company's stock worth $112,946,000 after acquiring an additional 2,489,329 shares during the period. Wulff Hansen & CO. boosted its holdings in CSX by 3,243.0% in the second quarter. Wulff Hansen & CO. now owns 2,192,246 shares of the transportation company's stock valued at $73,331,000 after acquiring an additional 2,126,668 shares in the last quarter. Finally, Bank of Montreal Can increased its position in CSX by 38.7% during the 2nd quarter. Bank of Montreal Can now owns 6,749,827 shares of the transportation company's stock valued at $225,917,000 after purchasing an additional 1,884,998 shares during the period. Institutional investors own 73.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CSX. Stifel Nicolaus cut their target price on shares of CSX from $39.00 to $37.00 and set a "buy" rating on the stock in a research note on Thursday, October 17th. Stephens reduced their target price on CSX from $41.00 to $39.00 and set an "overweight" rating on the stock in a report on Thursday, October 17th. Barclays increased their target price on CSX from $40.00 to $41.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 13th. Wells Fargo & Company dropped their price target on CSX from $35.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 17th. Finally, Loop Capital decreased their price objective on CSX from $43.00 to $42.00 and set a "buy" rating for the company in a report on Thursday, October 17th. Seven investment analysts have rated the stock with a hold rating and twelve 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 a consensus price target of $38.78.

CSX Stock Performance

Shares of NASDAQ:CSX traded up $0.77 during midday trading on Thursday, reaching $35.34. 10,654,739 shares of the company's stock traded hands, compared to its average volume of 11,688,897. CSX Co. has a one year low of $31.65 and a one year high of $40.12. The stock has a 50 day moving average of $34.39 and a 200 day moving average of $33.92. The company has a market cap of $68.15 billion, a price-to-earnings ratio of 18.59, a P/E/G ratio of 2.20 and a beta of 1.19. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39.

CSX (NASDAQ:CSX - Get Free Report) last announced 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 company had revenue of $3.62 billion for the quarter, compared to analysts' expectations of $3.68 billion. During the same period in the previous year, the business earned $0.42 EPS. The business's revenue was up 1.3% compared to the same quarter last year. As a group, equities research analysts anticipate that CSX Co. will post 1.84 EPS for the current fiscal year.

CSX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.48 dividend on an annualized basis and a yield of 1.36%. CSX's dividend payout ratio is presently 25.81%.

About CSX

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.