Van Lanschot Kempen Investment Management N.V. purchased a new position in CSX Co. (NASDAQ:CSX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 128,524 shares of the transportation company's stock, valued at approximately $4,147,000.
A number of other hedge funds also recently bought and sold shares of CSX. Joel Isaacson & Co. LLC raised its stake in CSX by 2.4% in the 4th quarter. Joel Isaacson & Co. LLC now owns 13,036 shares of the transportation company's stock valued at $421,000 after purchasing an additional 310 shares during the last quarter. Patrick M Sweeney & Associates Inc. grew its stake in CSX by 1.0% during the 4th quarter. Patrick M Sweeney & Associates Inc. now owns 31,827 shares of the transportation company's stock valued at $1,027,000 after acquiring an additional 313 shares in the last quarter. West Branch Capital LLC raised its holdings in CSX by 3.3% in the 4th quarter. West Branch Capital LLC now owns 10,317 shares of the transportation company's stock valued at $333,000 after acquiring an additional 332 shares during the last quarter. Alhambra Investment Management LLC boosted its holdings in shares of CSX by 4.3% during the 4th quarter. Alhambra Investment Management LLC now owns 8,292 shares of the transportation company's stock worth $268,000 after purchasing an additional 342 shares during the last quarter. Finally, Trust Point Inc. grew its position in shares of CSX by 2.6% in the fourth quarter. Trust Point Inc. now owns 13,722 shares of the transportation company's stock valued at $443,000 after purchasing an additional 344 shares in the last quarter. Hedge funds and other institutional investors own 73.57% of the company's stock.
CSX Stock Performance
CSX stock traded down $0.30 during trading on Friday, hitting $27.84. The company had a trading volume of 14,351,235 shares, compared to its average volume of 12,695,437. The firm has a market cap of $52.30 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. The firm has a 50-day moving average price of $29.52 and a 200-day moving average price of $32.28. CSX Co. has a 1-year low of $26.22 and a 1-year high of $37.10.
CSX (NASDAQ:CSX - Get Free Report) last issued its earnings results on Wednesday, April 16th. The transportation company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). The company had revenue of $3.42 billion for the quarter, compared to analysts' expectations of $3.53 billion. CSX had a return on equity of 28.15% and a net margin of 23.95%. On average, analysts expect that CSX Co. will post 1.83 earnings per share for the current year.
CSX Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from CSX's previous quarterly dividend of $0.12. CSX's dividend payout ratio is currently 31.14%.
Analysts Set New Price Targets
A number of analysts have issued reports on CSX shares. Stifel Nicolaus cut their target price on CSX from $37.00 to $34.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Barclays reduced their target price on shares of CSX from $35.00 to $31.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Bank of America decreased their price objective on CSX from $33.00 to $30.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Raymond James reissued an "outperform" rating and set a $33.00 target price (down previously from $34.00) on shares of CSX in a research note on Thursday, April 17th. Finally, JPMorgan Chase & Co. reduced their target price on CSX from $38.00 to $37.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, CSX currently has an average rating of "Moderate Buy" and a consensus target price of $33.95.
Check Out Our Latest Stock Report on CSX
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.
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