Asset Management One Co. Ltd. Acquires 22,971 Shares of CSX Co. (NASDAQ:CSX)

Asset Management One Co. Ltd. grew its holdings in shares of CSX Co. (NASDAQ:CSX - Free Report) by 3.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 752,788 shares of the transportation company's stock after acquiring an additional 22,971 shares during the quarter. Asset Management One Co. Ltd.'s holdings in CSX were worth $24,435,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Valley Wealth Managers Inc. increased its stake in shares of CSX by 177.8% during the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company's stock valued at $26,000 after acquiring an additional 480 shares during the period. Morton Brown Family Wealth LLC bought a new position in CSX during the 3rd quarter valued at $31,000. Addison Advisors LLC increased its position in shares of CSX by 348.5% during the 3rd quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company's stock valued at $36,000 after purchasing an additional 812 shares during the period. Fortitude Family Office LLC raised its stake in shares of CSX by 43.4% in the 3rd quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company's stock worth $38,000 after buying an additional 336 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of CSX in the 4th quarter worth $39,000. Institutional investors own 73.57% of the company's stock.

CSX Stock Up 0.8 %

Shares of NASDAQ CSX traded up $0.27 during trading hours on Tuesday, hitting $33.64. The stock had a trading volume of 3,388,666 shares, compared to its average volume of 13,789,827. The company has a market capitalization of $64.86 billion, a P/E ratio of 18.78, a P/E/G ratio of 1.91 and a beta of 1.23. The firm's 50-day moving average price is $32.71 and its two-hundred day moving average price is $33.79. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. CSX Co. has a 52 week low of $31.43 and a 52 week high of $40.12.

CSX (NASDAQ:CSX - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share 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%. Analysts anticipate that CSX Co. will post 1.86 EPS for the current fiscal year.

CSX Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.13 dividend. This is a positive change from CSX's previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 1.55%. The ex-dividend date is Friday, February 28th. CSX's payout ratio is 26.82%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CSX shares. Barclays lowered their target price on CSX from $40.00 to $38.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. BMO Capital Markets lowered their price objective on shares of CSX from $40.00 to $38.00 and set an "outperform" rating on the stock in a research note on Friday, January 24th. Robert W. Baird cut their target price on shares of CSX from $39.00 to $38.00 and set an "outperform" rating for the company in a research note on Friday, January 24th. Jefferies Financial Group upgraded shares of CSX from a "hold" rating to a "buy" rating and set a $37.00 price target on the stock in a research report on Friday, January 10th. Finally, Wells Fargo & Company dropped their price target on CSX from $36.00 to $34.00 and set an "equal weight" rating on the stock in a report on Friday, January 24th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $37.16.

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.