Thrivent Financial for Lutherans Has $104.07 Million Stock Holdings in CSX Co. (NASDAQ:CSX)

Thrivent Financial for Lutherans reduced its position in CSX Co. (NASDAQ:CSX - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,223,098 shares of the transportation company's stock after selling 151,401 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.17% of CSX worth $104,068,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in CSX by 40.5% during the fourth quarter. Bank of New York Mellon Corp now owns 23,350,087 shares of the transportation company's stock worth $753,507,000 after acquiring an additional 6,730,316 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of CSX in the fourth quarter valued at $85,959,000. Perpetual Ltd acquired a new stake in shares of CSX in the fourth quarter valued at $83,301,000. River Road Asset Management LLC acquired a new stake in shares of CSX in the fourth quarter valued at $46,861,000. Finally, FMR LLC increased its stake in shares of CSX by 10.2% in the third quarter. FMR LLC now owns 15,612,862 shares of the transportation company's stock valued at $539,112,000 after buying an additional 1,447,651 shares in the last quarter. 73.57% of the stock is owned by institutional investors.

CSX Trading Down 1.4 %

CSX traded down $0.41 during midday trading on Friday, reaching $29.57. 25,368,757 shares of the company were exchanged, compared to its average volume of 11,738,900. 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 one year low of $28.98 and a one year high of $37.40. The stock has a market capitalization of $56.02 billion, a P/E ratio of 16.52, a PEG ratio of 1.92 and a beta of 1.25. The stock's 50-day simple moving average is $32.03 and its 200 day simple moving average is $33.35.

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CSX (NASDAQ:CSX - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. As a group, analysts forecast that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Increases Dividend

The firm 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 represents a $0.52 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from CSX's previous quarterly dividend of $0.12. CSX's payout ratio is 29.05%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CSX. Benchmark restated a "buy" rating and issued a $38.00 target price on shares of CSX in a research note on Monday, January 27th. Loop Capital lowered 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 research note on Monday, February 3rd. Susquehanna decreased their price target on CSX from $40.00 to $39.00 and set a "positive" rating on the stock in a report on Wednesday, January 8th. Barclays decreased their price target on CSX from $40.00 to $38.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. Finally, BMO Capital Markets decreased their price target on CSX from $40.00 to $38.00 and set an "outperform" rating on the stock in a report on Friday, January 24th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $37.00.

About CSX

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.