CSX Co. (NASDAQ:CSX) Shares Sold by Partners Group Holding AG

Partners Group Holding AG decreased its holdings in shares of CSX Co. (NASDAQ:CSX - Free Report) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,182,160 shares of the transportation company's stock after selling 35,983 shares during the period. CSX makes up about 1.4% of Partners Group Holding AG's holdings, making the stock its 17th largest holding. Partners Group Holding AG owned 0.06% of CSX worth $38,148,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CSX. Diversified Trust Co grew its position in CSX by 180.7% in the fourth quarter. Diversified Trust Co now owns 72,197 shares of the transportation company's stock worth $2,330,000 after acquiring an additional 46,473 shares in the last quarter. Marshall Financial Group LLC bought a new position in shares of CSX in the fourth quarter worth approximately $1,084,000. Carnegie Investment Counsel raised its position in CSX by 1.4% during 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 last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of CSX by 6.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 653,025 shares of the transportation company's stock worth $22,549,000 after buying an additional 41,547 shares during the last quarter. Finally, Waycross Partners LLC increased its stake in shares of CSX by 7.0% during the fourth quarter. Waycross Partners LLC now owns 619,471 shares of the transportation company's stock valued at $19,990,000 after buying an additional 40,611 shares during the period. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Barclays dropped their target price on shares of CSX from $40.00 to $38.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft assumed coverage on CSX in a research report on Friday, March 7th. They issued a "hold" rating and a $34.00 price target for the company. Raymond James reiterated an "outperform" rating and issued a $37.00 target price (down previously from $38.00) on shares of CSX in a research note on Friday, January 24th. Robert W. Baird decreased their price objective on shares of CSX from $39.00 to $38.00 and set an "outperform" rating for the company in a report on Friday, January 24th. Finally, Stephens reaffirmed an "overweight" rating and issued a $38.00 price objective on shares of CSX in a research report on Friday, January 24th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, CSX currently has an average rating of "Moderate Buy" and a consensus price target of $36.85.

CSX Stock Down 0.7 %

NASDAQ:CSX traded down $0.21 during midday trading on Thursday, reaching $29.69. 1,218,702 shares of the stock traded hands, compared to its average volume of 11,699,546. CSX Co. has a 12-month low of $28.98 and a 12-month high of $37.18. The business has a 50-day moving average of $31.88 and a two-hundred day moving average of $33.26. 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 stock has a market capitalization of $56.25 billion, a PE ratio of 16.58, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25.

CSX (NASDAQ:CSX - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 forecast that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Increases Dividend

The firm also recently announced 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. This represents a $0.52 annualized dividend and a dividend yield of 1.75%. This is an increase from CSX's previous quarterly dividend of $0.12. The ex-dividend date was Friday, February 28th. CSX's dividend payout ratio is presently 29.05%.

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.