Chevy Chase Trust Holdings LLC Has $34.49 Million Stock Holdings in CSX Co. (NASDAQ:CSX)

Chevy Chase Trust Holdings LLC lowered its position in CSX Co. (NASDAQ:CSX - Free Report) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,068,898 shares of the transportation company's stock after selling 25,427 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.06% of CSX worth $34,493,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Perpetual Ltd acquired a new position in shares of CSX in the 4th quarter valued at $83,301,000. Assenagon Asset Management S.A. grew its position in CSX by 318.5% in the third quarter. Assenagon Asset Management S.A. now owns 3,270,966 shares of the transportation company's stock valued at $112,946,000 after acquiring an additional 2,489,329 shares during the period. FMR LLC lifted its holdings 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 valued at $539,112,000 after acquiring an additional 1,447,651 shares during the period. KBC Group NV boosted its stake in shares of CSX by 616.4% in the 4th quarter. KBC Group NV now owns 1,114,542 shares of the transportation company's stock valued at $35,966,000 after purchasing an additional 958,957 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of CSX by 3.6% during the 3rd quarter. Fisher Asset Management LLC now owns 24,656,931 shares of the transportation company's stock worth $851,404,000 after purchasing an additional 857,302 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Jefferies Financial Group raised shares of CSX from a "hold" rating to a "buy" rating and set a $37.00 price objective on the stock in a research note on Friday, January 10th. Robert W. Baird dropped 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. Royal Bank of Canada reduced their price objective on CSX from $34.00 to $33.00 and set a "sector perform" rating on the stock in a research note on Friday, January 24th. Raymond James restated an "outperform" rating and issued a $37.00 target price (down from $38.00) on shares of CSX in a research note on Friday, January 24th. Finally, Loop Capital downgraded shares of CSX from a "buy" rating to a "hold" rating and reduced their price target for the stock from $40.00 to $34.00 in a research report on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $37.16.

CSX Trading Up 0.8 %

CSX stock traded up $0.27 during midday trading on Tuesday, reaching $33.64. The company's stock had a trading volume of 14,995,457 shares, compared to its average volume of 13,869,104. The business's 50-day simple moving average is $32.71 and its 200-day simple moving average is $33.79. The stock has a market cap of $64.87 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 1.91 and a beta of 1.23. CSX Co. has a 52 week low of $31.43 and a 52 week high of $40.12. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX - Get Free Report) last posted its quarterly earnings results 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 return on equity of 28.15% and a net margin of 23.95%. As a group, sell-side analysts expect that CSX Co. will post 1.86 EPS for the current year.

CSX Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given 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 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Friday, February 28th. CSX's payout ratio is presently 26.82%.

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.