Compagnie Lombard Odier SCmA Buys 19,873 Shares of CSX Co. (NASDAQ:CSX)

Compagnie Lombard Odier SCmA raised its holdings in CSX Co. (NASDAQ:CSX - Free Report) by 2.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 975,544 shares of the transportation company's stock after purchasing an additional 19,873 shares during the period. Compagnie Lombard Odier SCmA owned approximately 0.05% of CSX worth $31,481,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Asset Management One Co. Ltd. lifted its holdings in shares of CSX by 3.1% during the 4th quarter. Asset Management One Co. Ltd. now owns 752,788 shares of the transportation company's stock worth $24,435,000 after acquiring an additional 22,971 shares during the period. Buckhead Capital Management LLC bought a new stake in shares of CSX during the 4th quarter worth approximately $2,338,000. Life Planning Partners Inc bought a new stake in shares of CSX during the 4th quarter worth approximately $780,000. Hemington Wealth Management lifted its holdings in shares of CSX by 14.6% during the 4th quarter. Hemington Wealth Management now owns 2,865 shares of the transportation company's stock worth $92,000 after acquiring an additional 365 shares during the period. Finally, Castle Wealth Management LLC lifted its holdings in shares of CSX by 6.8% during the 4th quarter. Castle Wealth Management LLC now owns 22,089 shares of the transportation company's stock worth $713,000 after acquiring an additional 1,413 shares during the period. Institutional investors own 73.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CSX shares. Susquehanna cut their price target on shares of CSX from $40.00 to $39.00 and set a "positive" rating for the company in a report on Wednesday, January 8th. Benchmark reaffirmed a "buy" rating and set a $38.00 price target on shares of CSX in a report on Monday, January 27th. Wells Fargo & Company cut their price target on shares of CSX from $36.00 to $34.00 and set an "equal weight" rating for the company in a report 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 objective for the company in a research report on Friday, January 10th. Finally, Robert W. Baird lowered their price objective on shares of CSX from $39.00 to $38.00 and set an "outperform" rating for the company in a research report on Friday, January 24th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $37.16.

CSX Trading Up 0.8 %

Shares of CSX traded up $0.27 during trading hours on Tuesday, hitting $33.64. 15,000,884 shares of the stock were exchanged, compared to its average volume of 14,171,115. CSX Co. has a fifty-two week low of $31.43 and a fifty-two week high of $40.12. 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 business has a 50-day moving average of $32.71 and a 200-day moving average of $33.79. The firm has a market capitalization of $64.87 billion, a P/E ratio of 18.79, a price-to-earnings-growth ratio of 1.91 and a beta of 1.23.

CSX (NASDAQ:CSX - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share 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%. On average, research 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. Investors of record on Friday, February 28th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, February 28th. 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%. CSX's dividend payout ratio is currently 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.