NFJ Investment Group LLC Acquires 33,820 Shares of CSX Co. (NASDAQ:CSX)

NFJ Investment Group LLC raised its holdings in shares of CSX Co. (NASDAQ:CSX - Free Report) by 480.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 40,857 shares of the transportation company's stock after acquiring an additional 33,820 shares during the period. NFJ Investment Group LLC's holdings in CSX were worth $1,318,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Wellington Management Group LLP raised its stake in CSX by 14.7% during the 4th quarter. Wellington Management Group LLP now owns 117,579 shares of the transportation company's stock worth $3,794,000 after buying an additional 15,029 shares during the period. Diversified Trust Co raised its position in shares of CSX by 180.7% during the fourth quarter. Diversified Trust Co now owns 72,197 shares of the transportation company's stock worth $2,330,000 after purchasing an additional 46,473 shares during the period. Marshall Financial Group LLC bought a new position in shares of CSX during the 4th quarter valued at about $1,084,000. Carnegie Investment Counsel grew its position in shares of CSX by 1.4% in the 4th quarter. Carnegie Investment Counsel now owns 612,051 shares of the transportation company's stock valued at $19,751,000 after purchasing an additional 8,474 shares during the period. Finally, Waycross Partners LLC increased its stake in CSX by 7.0% during the 4th quarter. Waycross Partners LLC now owns 619,471 shares of the transportation company's stock worth $19,990,000 after purchasing an additional 40,611 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company's stock.

CSX Stock Performance

Shares of NASDAQ CSX traded down $0.17 during mid-day trading on Wednesday, reaching $27.61. 4,883,268 shares of the company were exchanged, compared to its average volume of 12,710,279. CSX Co. has a twelve month low of $26.22 and a twelve month high of $37.10. The stock has a market capitalization of $51.87 billion, a P/E ratio of 15.42, a P/E/G ratio of 1.92 and a beta of 1.23. The company's 50-day simple moving average is $29.85 and its 200-day simple moving average is $32.40. 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 issued its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). The firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.53 billion. CSX had a return on equity of 28.15% and a net margin of 23.95%. As a group, research analysts predict that CSX Co. will post 1.83 earnings per share for the current year.

CSX Increases Dividend

The company 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. This is a boost from CSX's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 annualized dividend and a yield of 1.88%. CSX's dividend payout ratio (DPR) is presently 31.14%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CSX. Raymond James reiterated an "outperform" rating and issued a $33.00 price target (down previously from $34.00) on shares of CSX in a report on Thursday, April 17th. BMO Capital Markets lowered their target price on CSX from $36.00 to $35.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. Deutsche Bank Aktiengesellschaft started coverage on CSX in a report on Friday, March 7th. They issued a "hold" rating and a $34.00 price target on the stock. Benchmark reissued a "buy" rating and issued a $35.00 target price on shares of CSX in a research report on Thursday, April 17th. Finally, Barclays reduced their price target on CSX from $35.00 to $31.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $33.95.

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.