Atria Investments Inc Raises Stake in CSX Co. (NASDAQ:CSX)

Atria Investments Inc lifted its position in CSX Co. (NASDAQ:CSX - Free Report) by 40.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,224 shares of the transportation company's stock after acquiring an additional 27,606 shares during the quarter. Atria Investments Inc's holdings in CSX were worth $3,105,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. State Street Corp grew its stake in CSX by 0.6% in the third quarter. State Street Corp now owns 82,250,713 shares of the transportation company's stock valued at $2,840,117,000 after purchasing an additional 455,258 shares during the last quarter. Geode Capital Management LLC grew its stake in CSX by 0.5% in the third quarter. Geode Capital Management LLC now owns 40,906,826 shares of the transportation company's stock valued at $1,407,087,000 after purchasing an additional 190,346 shares during the last quarter. Fisher Asset Management LLC grew its stake in CSX by 1.2% in the fourth quarter. Fisher Asset Management LLC now owns 24,956,467 shares of the transportation company's stock valued at $805,345,000 after purchasing an additional 299,536 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of CSX by 40.5% during the fourth quarter. Bank of New York Mellon Corp now owns 23,350,087 shares of the transportation company's stock worth $753,507,000 after acquiring an additional 6,730,316 shares during the last quarter. Finally, FMR LLC grew its stake in shares of CSX by 10.2% during the third quarter. FMR LLC now owns 15,612,862 shares of the transportation company's stock worth $539,112,000 after acquiring an additional 1,447,651 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors.

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CSX Price Performance

NASDAQ CSX traded up $0.33 during mid-day trading on Friday, hitting $31.26. The stock had a trading volume of 19,422,389 shares, compared to its average volume of 11,630,004. The firm's 50 day moving average is $32.48 and its 200 day moving average is $33.62. CSX Co. has a twelve month low of $30.55 and a twelve month high of $38.35. 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 $59.23 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 1.92 and a beta of 1.25.

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 the consensus estimate of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. Equities research analysts forecast that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid 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 yield of 1.66%. The ex-dividend date of this dividend is Friday, February 28th. CSX's dividend payout ratio is currently 29.05%.

Wall Street Analysts Forecast Growth

CSX has been the topic of a number of research analyst reports. 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 research note on Friday, January 24th. Jefferies Financial Group upgraded CSX from a "hold" rating to a "buy" rating and set a $37.00 target price on the stock in a research report on Friday, January 10th. Citigroup dropped their target price on CSX from $40.00 to $39.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. Robert W. Baird decreased their price target on CSX from $39.00 to $38.00 and set an "outperform" rating for the company in a report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft began coverage on CSX in a report on Friday. They issued a "hold" rating and a $34.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $37.00.

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.