CSX Co. (NASDAQ:CSX) Shares Purchased by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC boosted its holdings in shares of CSX Co. (NASDAQ:CSX - Free Report) by 29.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 88,236 shares of the transportation company's stock after acquiring an additional 20,225 shares during the quarter. OneDigital Investment Advisors LLC's holdings in CSX were worth $2,847,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its position in shares of CSX by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 41,633,333 shares of the transportation company's stock valued at $1,339,555,000 after acquiring an additional 726,507 shares during the last quarter. Invesco Ltd. grew its stake in CSX by 13.5% during the 4th quarter. Invesco Ltd. now owns 25,103,077 shares of the transportation company's stock worth $810,076,000 after purchasing an additional 2,977,212 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of CSX by 1.2% during the fourth quarter. Fisher Asset Management LLC now owns 24,956,467 shares of the transportation company's stock worth $805,345,000 after buying an additional 299,536 shares during the period. Norges Bank acquired a new stake in shares of CSX in the 4th quarter valued at $780,194,000. Finally, Bank of New York Mellon Corp lifted its holdings in CSX by 40.5% during the 4th quarter. Bank of New York Mellon Corp now owns 23,350,087 shares of the transportation company's stock worth $753,507,000 after buying an additional 6,730,316 shares during the last quarter. Hedge funds and other institutional investors own 73.57% of the company's stock.

CSX Stock Up 1.2 %

Shares of CSX opened at $27.78 on Wednesday. The firm has a market cap of $52.36 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. The company's fifty day moving average is $29.85 and its two-hundred day moving average is $32.40. 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 announced its quarterly earnings results on Wednesday, April 16th. The transportation company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). CSX had a net margin of 23.95% and a return on equity of 28.15%. The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.53 billion. Analysts forecast 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. Stockholders of record on Friday, February 28th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.87%. This is a positive change from CSX's previous quarterly dividend of $0.12. CSX's dividend payout ratio (DPR) is currently 31.14%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CSX shares. Loop Capital cut 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 report on Monday, February 3rd. Evercore ISI dropped their price objective on shares of CSX from $35.00 to $33.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. Benchmark reiterated a "buy" rating and issued a $35.00 price objective on shares of CSX in a research report on Thursday, April 17th. Susquehanna decreased their price target on CSX from $37.00 to $35.00 and set a "positive" rating on the stock in a research note on Thursday, April 17th. Finally, Stifel Nicolaus cut their target price on shares of CSX from $37.00 to $34.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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