Capital International Inc. CA Has $8.49 Million Stock Position in CSX Co. (NASDAQ:CSX)

Capital International Inc. CA increased its stake in shares of CSX Co. (NASDAQ:CSX - Free Report) by 7.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 262,925 shares of the transportation company's stock after purchasing an additional 17,488 shares during the period. Capital International Inc. CA's holdings in CSX were worth $8,485,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in CSX. Tudor Financial Inc. purchased a new stake in CSX in the 3rd quarter valued at about $473,000. World Investment Advisors LLC increased its stake in shares of CSX by 137.4% during the third quarter. World Investment Advisors LLC now owns 16,145 shares of the transportation company's stock worth $557,000 after buying an additional 9,344 shares during the period. Wilmington Savings Fund Society FSB increased its holdings in CSX by 260.8% in the third quarter. Wilmington Savings Fund Society FSB now owns 24,970 shares of the transportation company's stock valued at $862,000 after buying an additional 18,049 shares during the last quarter. Tidal Investments LLC raised its position in shares of CSX by 9.2% during the 3rd quarter. Tidal Investments LLC now owns 194,760 shares of the transportation company's stock worth $6,725,000 after acquiring an additional 16,456 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in CSX by 9.2% during the third quarter. Franklin Resources Inc. now owns 1,350,289 shares of the transportation company's stock worth $47,652,000 after purchasing an additional 113,530 shares in the last quarter. Hedge funds and other institutional investors own 73.57% of the company's stock.

CSX Price Performance

Shares of CSX stock traded up $0.55 during mid-day trading on Thursday, reaching $28.14. The company's stock had a trading volume of 13,569,022 shares, compared to its average volume of 12,730,114. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. The firm's 50-day moving average is $29.74 and its two-hundred day moving average is $32.36. The company has a market cap of $52.86 billion, a P/E ratio of 15.72, a PEG ratio of 1.92 and a beta of 1.23. CSX Co. has a 1-year low of $26.22 and a 1-year high of $37.10.

CSX (NASDAQ:CSX - Get Free Report) last announced its earnings results on Wednesday, April 16th. The transportation company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.53 billion. CSX had a net margin of 23.95% and a return on equity of 28.15%. On average, research analysts predict that CSX Co. will post 1.83 earnings per share for the current year.

CSX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is a boost 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%. CSX's dividend payout ratio is 31.14%.

Analyst Upgrades and Downgrades

CSX has been the topic of several research analyst reports. Royal Bank of Canada cut their price target on CSX from $31.00 to $30.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 17th. Raymond James reissued an "outperform" rating and issued a $33.00 price target (down from $34.00) on shares of CSX in a report on Thursday, April 17th. Jefferies Financial Group decreased their price objective on shares of CSX from $37.00 to $33.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Wells Fargo & Company lowered their target price on CSX from $31.00 to $28.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on CSX in a research note on Friday, March 7th. They issued a "hold" rating and a $34.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, CSX has a consensus rating of "Moderate Buy" and a consensus price target of $33.95.

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.