Handelsbanken Fonder AB Boosts Stake in CSX Co. (NASDAQ:CSX)

Handelsbanken Fonder AB increased its position in shares of CSX Co. (NASDAQ:CSX - Free Report) by 8.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,098,942 shares of the transportation company's stock after acquiring an additional 83,102 shares during the period. Handelsbanken Fonder AB owned approximately 0.06% of CSX worth $35,463,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of CSX. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of CSX by 20.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 467,399 shares of the transportation company's stock worth $16,139,000 after purchasing an additional 80,423 shares during the period. Diversified Trust Co increased its stake in CSX by 180.7% in the 4th quarter. Diversified Trust Co now owns 72,197 shares of the transportation company's stock worth $2,330,000 after acquiring an additional 46,473 shares during the last quarter. Marshall Financial Group LLC purchased a new stake in shares of CSX in the 4th quarter valued at about $1,084,000. Thrivent Financial for Lutherans raised its holdings in shares of CSX by 0.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 3,374,499 shares of the transportation company's stock valued at $116,521,000 after acquiring an additional 24,430 shares in the last quarter. Finally, Carnegie Investment Counsel boosted its position in shares of CSX by 1.4% during the 4th quarter. Carnegie Investment Counsel now owns 612,051 shares of the transportation company's stock valued at $19,751,000 after acquiring an additional 8,474 shares during the last quarter. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CSX shares. Loop Capital downgraded shares of CSX from a "buy" rating to a "hold" rating and lowered their target price for the company from $40.00 to $34.00 in a research note on Monday, February 3rd. JPMorgan Chase & Co. lowered their price objective on shares of CSX from $38.00 to $37.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Citigroup cut their target price on shares of CSX from $40.00 to $39.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Susquehanna reduced their target price on CSX from $40.00 to $39.00 and set a "positive" rating on the stock in a research note on Wednesday, January 8th. Finally, Barclays dropped their price target on CSX from $40.00 to $38.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, CSX presently has an average rating of "Moderate Buy" and an average price target of $37.16.

CSX Trading Down 0.5 %

CSX traded down $0.16 during trading on Friday, hitting $32.30. 23,611,829 shares of the stock traded hands, compared to its average volume of 14,363,321. The firm has a market capitalization of $62.29 billion, a P/E ratio of 18.04, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23. The firm has a 50-day moving average of $32.65 and a 200 day moving average of $33.77. 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 12-month low of $31.43 and a 12-month high of $40.12.

CSX (NASDAQ:CSX - Get Free Report) last posted its 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%. Equities research analysts anticipate that CSX Co. will post 1.83 EPS for the current year.

CSX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders 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 boost from CSX's previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 1.61%. CSX's payout ratio is 26.82%.

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.