Tower Research Capital LLC TRC Raises Holdings in CSX Co. (NASDAQ:CSX)

Tower Research Capital LLC TRC lifted its holdings in CSX Co. (NASDAQ:CSX - Free Report) by 95.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 147,628 shares of the transportation company's stock after purchasing an additional 72,086 shares during the quarter. Tower Research Capital LLC TRC's holdings in CSX were worth $4,764,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CSX. SBI Securities Co. Ltd. bought a new stake in CSX in the fourth quarter worth about $31,000. Sierra Ocean LLC bought a new stake in shares of CSX during the 4th quarter worth approximately $33,000. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in CSX by 219.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,040 shares of the transportation company's stock valued at $34,000 after acquiring an additional 714 shares during the period. Center for Financial Planning Inc. grew its position in CSX by 205.7% in the 4th quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company's stock valued at $35,000 after acquiring an additional 720 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its position in shares of CSX by 216.2% during the fourth quarter. Meeder Asset Management Inc. now owns 1,091 shares of the transportation company's stock worth $35,000 after purchasing an additional 746 shares during the last quarter. Institutional investors own 73.57% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group decreased their price objective on shares of CSX from $37.00 to $33.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. UBS Group dropped their price objective on CSX from $36.00 to $34.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Susquehanna decreased their target price on CSX from $37.00 to $35.00 and set a "positive" rating for the company in a research report on Thursday, April 17th. Barclays dropped their price target on CSX from $35.00 to $31.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Finally, BMO Capital Markets lowered their price objective on shares of CSX from $36.00 to $35.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.95.

CSX Stock Performance

Shares of CSX traded down $0.30 during trading hours on Friday, hitting $27.84. The stock had a trading volume of 13,695,128 shares, compared to its average volume of 12,690,020. The firm has a market capitalization of $52.30 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 1.92 and a beta of 1.23. 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 has a 50-day moving average price of $29.63 and a 200 day moving average price of $32.33. CSX Co. has a fifty-two week low of $26.22 and a fifty-two week high of $37.10.

CSX (NASDAQ:CSX - Get Free Report) last posted its earnings results on Wednesday, April 16th. The transportation company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). The business had revenue of $3.42 billion for 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%. As a group, research analysts anticipate that CSX Co. will post 1.83 EPS for the current year.

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.13 per share. 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 yield of 1.87%. CSX's dividend payout ratio is currently 31.14%.

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.