Generali Asset Management SPA SGR Invests $4.12 Million in CSX Co. (NASDAQ:CSX)

Generali Asset Management SPA SGR acquired a new stake in CSX Co. (NASDAQ:CSX - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 127,772 shares of the transportation company's stock, valued at approximately $4,123,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. State Street Corp lifted its holdings in shares of CSX by 0.6% in the third quarter. State Street Corp now owns 82,250,713 shares of the transportation company's stock worth $2,840,117,000 after buying an additional 455,258 shares in the last quarter. Geode Capital Management LLC increased its holdings in CSX by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 40,906,826 shares of the transportation company's stock worth $1,407,087,000 after acquiring an additional 190,346 shares during the period. Fisher Asset Management LLC lifted its stake in CSX by 1.2% in the 4th quarter. Fisher Asset Management LLC now owns 24,956,467 shares of the transportation company's stock worth $805,345,000 after purchasing an additional 299,536 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in CSX by 40.5% in the 4th quarter. Bank of New York Mellon Corp now owns 23,350,087 shares of the transportation company's stock valued at $753,507,000 after purchasing an additional 6,730,316 shares during the period. Finally, FMR LLC grew its position in shares of CSX by 10.2% during the 3rd quarter. FMR LLC now owns 15,612,862 shares of the transportation company's stock valued at $539,112,000 after purchasing an additional 1,447,651 shares in the last quarter. Institutional investors own 73.57% of the company's stock.

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Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft initiated coverage on CSX in a research note on Friday, March 7th. They set a "hold" rating and a $34.00 price objective for the company. JPMorgan Chase & Co. dropped their price target on CSX from $38.00 to $37.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. Raymond James restated an "outperform" rating and issued a $37.00 price objective (down from $38.00) on shares of CSX in a research report on Friday, January 24th. Stephens reiterated an "overweight" rating and set a $38.00 target price on shares of CSX in a research report on Friday, January 24th. Finally, Benchmark reissued a "buy" rating and issued a $38.00 price target on shares of CSX in a research note on Monday, January 27th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, CSX currently has a consensus rating of "Moderate Buy" and an average price target of $37.00.

CSX Trading Down 1.4 %

CSX stock traded down $0.41 during midday trading on Friday, hitting $29.57. The company had a trading volume of 25,368,757 shares, compared to its average volume of 11,738,900. The stock has a market cap of $56.02 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 1.92 and a beta of 1.25. CSX Co. has a 52 week low of $28.98 and a 52 week high of $37.40. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The stock's 50 day moving average price is $32.03 and its 200 day moving average price is $33.35.

CSX (NASDAQ:CSX - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 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, equities research analysts expect that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from CSX's previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 1.76%. CSX's dividend payout ratio (DPR) is presently 29.05%.

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.