Alberta Investment Management Corp Acquires 90,464 Shares of CSX Co. (NASDAQ:CSX)

Alberta Investment Management Corp boosted its stake in shares of CSX Co. (NASDAQ:CSX - Free Report) by 36.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 342,026 shares of the transportation company's stock after buying an additional 90,464 shares during the quarter. Alberta Investment Management Corp's holdings in CSX were worth $11,037,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Perpetual Ltd acquired a new stake in CSX during the 4th quarter valued at $83,301,000. Assenagon Asset Management S.A. increased its stake in CSX by 318.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,270,966 shares of the transportation company's stock valued at $112,946,000 after buying an additional 2,489,329 shares during the period. FMR LLC increased its stake in 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 buying an additional 1,447,651 shares during the period. KBC Group NV grew its stake in shares of CSX by 616.4% in the 4th quarter. KBC Group NV now owns 1,114,542 shares of the transportation company's stock worth $35,966,000 after purchasing an additional 958,957 shares during the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of CSX by 3.6% in the third quarter. Fisher Asset Management LLC now owns 24,656,931 shares of the transportation company's stock worth $851,404,000 after acquiring an additional 857,302 shares in the last quarter. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

CSX Price Performance

CSX stock traded down $0.12 during trading on Friday, hitting $32.35. The company had a trading volume of 12,602,102 shares, compared to its average volume of 14,033,423. 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 company has a market cap of $62.37 billion, a P/E ratio of 18.05, a P/E/G ratio of 1.92 and a beta of 1.23. The company has a fifty day moving average price of $32.65 and a two-hundred day moving average price of $33.77. CSX Co. has a fifty-two week low of $31.43 and a fifty-two week high of $40.12.

CSX (NASDAQ:CSX - Get Free Report) last posted its quarterly earnings data 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 return on equity of 28.15% and a net margin of 23.95%. 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 declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.13 dividend. This is an increase from CSX's previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, February 28th. CSX's dividend payout ratio is 26.82%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Royal Bank of Canada reduced their target price on CSX from $34.00 to $33.00 and set a "sector perform" rating for the company in a report on Friday, January 24th. Loop Capital downgraded CSX from a "buy" rating to a "hold" rating and cut their price target for the stock from $40.00 to $34.00 in a research note on Monday, February 3rd. Jefferies Financial Group raised CSX from a "hold" rating to a "buy" rating and set a $37.00 price objective on the stock in a research note on Friday, January 10th. Wells Fargo & Company cut their price objective on CSX from $36.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Friday, January 24th. Finally, Susquehanna dropped their price target on CSX from $40.00 to $39.00 and set a "positive" rating on the stock in a research report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $37.16.

CSX Company Profile

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.