APG Asset Management N.V. Grows Stake in CSX Co. (NASDAQ:CSX)

APG Asset Management N.V. increased its stake in CSX Co. (NASDAQ:CSX - Free Report) by 232.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,060,800 shares of the transportation company's stock after purchasing an additional 741,394 shares during the period. APG Asset Management N.V. owned approximately 0.06% of CSX worth $33,058,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rehmann Capital Advisory Group raised its holdings in shares of CSX by 1.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company's stock valued at $830,000 after buying an additional 306 shares in the last quarter. Joel Isaacson & Co. LLC grew its position in CSX by 2.4% during the fourth quarter. Joel Isaacson & Co. LLC now owns 13,036 shares of the transportation company's stock valued at $421,000 after acquiring an additional 310 shares during the last quarter. Patrick M Sweeney & Associates Inc. raised its stake in shares of CSX by 1.0% during the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 31,827 shares of the transportation company's stock worth $1,027,000 after acquiring an additional 313 shares in the last quarter. West Branch Capital LLC grew its holdings in shares of CSX by 3.3% during the 4th quarter. West Branch Capital LLC now owns 10,317 shares of the transportation company's stock valued at $333,000 after purchasing an additional 332 shares during the last quarter. Finally, Alhambra Investment Management LLC grew 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 valued at $268,000 after purchasing an additional 342 shares during the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several research firms have issued reports on CSX. Robert W. Baird cut their price target 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. Royal Bank of Canada reduced their price target on CSX from $34.00 to $33.00 and set a "sector perform" rating on the stock in a research report on Friday, January 24th. Susquehanna dropped their price objective on CSX from $39.00 to $37.00 and set a "positive" rating for the company in a research note on Thursday, March 27th. Benchmark reissued a "buy" rating and set a $38.00 price target on shares of CSX in a research report on Monday, January 27th. Finally, Barclays cut their price target on shares of CSX from $38.00 to $35.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $35.55.

CSX Price Performance

Shares of CSX stock traded up $0.17 during trading hours on Monday, hitting $28.18. The stock had a trading volume of 3,453,641 shares, compared to its average volume of 12,637,260. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. The stock has a market capitalization of $53.11 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 1.92 and a beta of 1.23. CSX Co. has a one year low of $26.22 and a one year high of $37.10. The stock's 50-day moving average price is $30.58 and its two-hundred day moving average price is $32.71.

CSX (NASDAQ:CSX - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. Equities analysts forecast that CSX Co. will post 1.83 EPS for the current year.

CSX Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.13 per share. This is a positive change from CSX's previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend was Friday, February 28th. CSX's payout ratio is currently 29.05%.

CSX 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.