Canada Post Corp Registered Pension Plan Acquires Shares of 80,326 CSX Co. (NASDAQ:CSX)

Canada Post Corp Registered Pension Plan bought 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 SEC. The institutional investor bought 80,326 shares of the transportation company's stock, valued at approximately $2,592,000.

A number of other hedge funds have also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in CSX in the fourth quarter valued at $31,000. Sierra Ocean LLC bought a new position in shares of CSX during the fourth quarter worth about $33,000. Center for Financial Planning Inc. lifted its stake in shares of CSX by 205.7% in the fourth quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company's stock worth $35,000 after acquiring an additional 720 shares during the period. Meeder Asset Management Inc. boosted its holdings in CSX by 216.2% in the fourth quarter. Meeder Asset Management Inc. now owns 1,091 shares of the transportation company's stock valued at $35,000 after acquiring an additional 746 shares during the last quarter. Finally, Atala Financial Inc bought a new position in CSX during the 4th quarter worth approximately $36,000. 73.57% of the stock is owned by institutional investors and hedge funds.

CSX Stock Up 1.1 %

Shares of CSX stock traded up $0.29 on Friday, hitting $27.64. The stock had a trading volume of 21,437,293 shares, compared to its average volume of 12,670,602. CSX Co. has a 12-month low of $26.22 and a 12-month high of $37.10. The stock has a market cap of $52.09 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23. The business has a 50 day moving average of $30.07 and a 200 day moving average of $32.48. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23.

CSX (NASDAQ:CSX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). CSX had a net margin of 23.95% and a return on equity of 28.15%. The firm had revenue of $3.42 billion during the quarter, compared to analysts' expectations of $3.53 billion. As a group, analysts expect that CSX Co. will post 1.83 EPS for the current year.

CSX Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.13 per share. The ex-dividend date was Friday, February 28th. This is a positive change from CSX's previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 1.88%. CSX's dividend payout ratio (DPR) is currently 31.14%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CSX shares. Robert W. Baird decreased their price objective on shares of CSX from $39.00 to $38.00 and set an "outperform" rating for the company in a research report on Friday, January 24th. BMO Capital Markets lowered their price objective on CSX from $36.00 to $35.00 and set an "outperform" rating for the company in a research report on Thursday. Wells Fargo & Company cut their target price on CSX from $31.00 to $28.00 and set an "equal weight" rating on the stock in a research report on Thursday. Evercore ISI dropped their price target on CSX from $35.00 to $33.00 and set an "outperform" rating on the stock in a research note on Thursday. Finally, Raymond James reaffirmed an "outperform" rating and set a $33.00 price objective (down previously from $34.00) on shares of CSX in a research report on Thursday. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, CSX presently has a consensus rating of "Moderate Buy" and an average target price of $33.95.

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.