CSX Co. (NASDAQ:CSX) Shares Purchased by Townsquare Capital LLC

Townsquare Capital LLC raised its stake in CSX Co. (NASDAQ:CSX - Free Report) by 10.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 244,530 shares of the transportation company's stock after buying an additional 23,520 shares during the quarter. Townsquare Capital LLC's holdings in CSX were worth $7,891,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Joel Isaacson & Co. LLC boosted its stake in CSX by 2.4% during the fourth quarter. Joel Isaacson & Co. LLC now owns 13,036 shares of the transportation company's stock worth $421,000 after buying an additional 310 shares during the period. Patrick M Sweeney & Associates Inc. boosted its position in shares of CSX by 1.0% during the 4th quarter. Patrick M Sweeney & Associates Inc. now owns 31,827 shares of the transportation company's stock worth $1,027,000 after purchasing an additional 313 shares during the period. West Branch Capital LLC raised its position in CSX by 3.3% in the fourth quarter. West Branch Capital LLC now owns 10,317 shares of the transportation company's stock valued at $333,000 after purchasing an additional 332 shares during the period. Alhambra Investment Management LLC grew its stake in shares of CSX by 4.3% in the fourth quarter. Alhambra Investment Management LLC now owns 8,292 shares of the transportation company's stock valued at $268,000 after buying an additional 342 shares in the last quarter. Finally, Trust Point Inc. raised its holdings in shares of CSX by 2.6% in the 4th quarter. Trust Point Inc. now owns 13,722 shares of the transportation company's stock valued at $443,000 after buying an additional 344 shares during the period. 73.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Bank of America reduced their target price on shares of CSX from $33.00 to $30.00 and set a "neutral" rating on the stock in a report on Thursday. BMO Capital Markets lowered their price objective on CSX from $36.00 to $35.00 and set an "outperform" rating for the company in a research report on Thursday. Barclays lowered their price target on shares of CSX from $35.00 to $31.00 and set an "overweight" rating for the company in a report on Thursday. Royal Bank of Canada decreased their price target on CSX from $31.00 to $30.00 and set a "sector perform" rating for the company in a report on Thursday. Finally, Wells Fargo & Company dropped their price target on shares of CSX from $31.00 to $28.00 and set an "equal weight" rating on the stock in a research note on Thursday. Seven research 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 company currently has a consensus rating of "Moderate Buy" and an average target price of $33.95.

CSX Price Performance

CSX stock traded up $0.29 on Friday, reaching $27.64. The company had a trading volume of 21,437,293 shares, compared to its average volume of 12,726,304. The company's fifty day moving average is $30.18 and its 200 day moving average is $32.55. The company has a market cap of $52.09 billion, a P/E ratio of 15.44, 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. CSX Co. has a 1 year low of $26.22 and a 1 year high of $37.10.

CSX (NASDAQ:CSX - Get Free Report) last announced its earnings results on Wednesday, April 16th. The transportation company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.05). The firm had revenue of $3.42 billion during 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%. On average, research analysts forecast that CSX Co. will post 1.83 earnings per share for the current year.

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.13 per share. This is a positive change from CSX's previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 1.88%. The ex-dividend date was Friday, February 28th. CSX's dividend payout ratio is presently 31.14%.

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.