Bank of Montreal Can Acquires 106,319 Shares of CSX Co. (NASDAQ:CSX)

Bank of Montreal Can lifted its stake in CSX Co. (NASDAQ:CSX - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,596,189 shares of the transportation company's stock after purchasing an additional 106,319 shares during the period. Bank of Montreal Can owned 0.19% of CSX worth $116,049,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Rehmann Capital Advisory Group grew its holdings in CSX by 1.3% in the third quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company's stock worth $830,000 after purchasing an additional 306 shares during the period. Joel Isaacson & Co. LLC boosted its holdings in CSX by 2.4% in the fourth quarter. Joel Isaacson & Co. LLC now owns 13,036 shares of the transportation company's stock worth $421,000 after acquiring an additional 310 shares in the last quarter. Patrick M Sweeney & Associates Inc. grew its stake in shares of CSX by 1.0% in 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 during the last quarter. West Branch Capital LLC increased its stake in 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 in the last quarter. Finally, Alhambra Investment Management LLC raised its holdings in CSX by 4.3% in the fourth quarter. Alhambra Investment Management LLC now owns 8,292 shares of the transportation company's stock worth $268,000 after buying an additional 342 shares during the last quarter. Institutional investors own 73.57% of the company's stock.

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CSX Price Performance

Shares of NASDAQ CSX traded up $0.29 during mid-day trading on Monday, reaching $28.30. The company's stock had a trading volume of 2,860,035 shares, compared to its average volume of 12,635,218. 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 Co. has a 52 week low of $26.22 and a 52 week high of $37.10. The stock has a fifty day moving average of $30.58 and a two-hundred day moving average of $32.71. The firm has a market capitalization of $53.34 billion, a PE ratio of 15.81, a P/E/G ratio of 1.92 and a beta of 1.23.

CSX (NASDAQ:CSX - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (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%. As a group, sell-side analysts anticipate that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The company also recently disclosed 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. This is a positive change from CSX's previous quarterly dividend of $0.12. The ex-dividend date was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.84%. CSX's dividend payout ratio (DPR) is presently 29.05%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CSX shares. Royal Bank of Canada lowered their price objective 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. JPMorgan Chase & Co. decreased their target price on CSX from $38.00 to $37.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. Wells Fargo & Company reduced their price target on shares of CSX from $34.00 to $31.00 and set an "equal weight" rating for the company in a research note on Thursday, March 27th. Stifel Nicolaus lowered their price objective on shares of CSX from $37.00 to $34.00 and set a "buy" rating on the stock in a research report on Monday. Finally, Loop Capital lowered shares of CSX from a "buy" rating to a "hold" rating and decreased their target price for the company from $40.00 to $34.00 in a research note on Monday, February 3rd. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $35.55.

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.