Wellington Management Group LLP lifted its position in CSX Co. (NASDAQ:CSX - Free Report) by 14.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 117,579 shares of the transportation company's stock after acquiring an additional 15,029 shares during the quarter. Wellington Management Group LLP's holdings in CSX were worth $3,794,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TCW Group Inc. increased its holdings in shares of CSX by 32.7% in the 3rd quarter. TCW Group Inc. now owns 49,225 shares of the transportation company's stock valued at $1,700,000 after purchasing an additional 12,142 shares during the period. Tudor Financial Inc. purchased a new stake in CSX in the 3rd quarter worth approximately $473,000. Sanctuary Advisors LLC boosted its stake in shares of CSX by 10.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 166,381 shares of the transportation company's stock valued at $5,953,000 after buying an additional 16,073 shares during the period. World Investment Advisors LLC grew its holdings in shares of CSX by 137.4% during the 3rd quarter. World Investment Advisors LLC now owns 16,145 shares of the transportation company's stock valued at $557,000 after acquiring an additional 9,344 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB raised its holdings in shares of CSX by 260.8% during the third quarter. Wilmington Savings Fund Society FSB now owns 24,970 shares of the transportation company's stock worth $862,000 after acquiring an additional 18,049 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company's stock.
CSX Price Performance
Shares of CSX traded down $0.37 during mid-day trading on Tuesday, reaching $27.90. The company had a trading volume of 13,835,304 shares, compared to its average volume of 12,699,537. 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 company has a market capitalization of $52.58 billion, a P/E ratio of 15.59, a P/E/G ratio of 1.92 and a beta of 1.23. CSX Co. has a twelve month low of $26.22 and a twelve month high of $37.10. The company's 50-day moving average is $30.49 and its 200-day moving average is $32.67.
CSX (NASDAQ:CSX - Get Free Report) last issued its earnings results on Thursday, January 23rd. The transportation company reported $0.42 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%. On average, equities analysts anticipate that CSX Co. will post 1.83 EPS for the current year.
CSX Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.13 dividend. This is an increase from CSX's previous quarterly dividend of $0.12. The ex-dividend date was Friday, February 28th. This represents a $0.52 annualized dividend and a yield of 1.86%. CSX's payout ratio is presently 29.05%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on CSX in a research note on Friday, March 7th. They set a "hold" rating and a $34.00 price target for the company. Jefferies Financial Group decreased their target price on shares of CSX from $37.00 to $33.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. UBS Group cut their price target on shares of CSX from $39.00 to $36.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Raymond James decreased their price objective on shares of CSX from $37.00 to $34.00 and set an "outperform" rating for the company in a report on Friday. Finally, Barclays cut their target price on CSX from $38.00 to $35.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $35.55.
Check Out Our Latest Stock Analysis on CSX
About CSX
(
Free Report)
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.
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