Douglass Winthrop Advisors LLC Raises Stock Position in CSX Co. (NASDAQ:CSX)

Douglass Winthrop Advisors LLC lifted its holdings in shares of CSX Co. (NASDAQ:CSX - Free Report) by 70.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,311 shares of the transportation company's stock after acquiring an additional 24,135 shares during the quarter. Douglass Winthrop Advisors LLC's holdings in CSX were worth $1,882,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Pathstone Holdings LLC boosted its stake in shares of CSX by 4.9% during the third quarter. Pathstone Holdings LLC now owns 282,471 shares of the transportation company's stock valued at $9,754,000 after purchasing an additional 13,299 shares during the period. Caprock Group LLC increased its position in shares of CSX by 2.4% during the third quarter. Caprock Group LLC now owns 36,560 shares of the transportation company's stock valued at $1,262,000 after acquiring an additional 861 shares in the last quarter. Prospera Financial Services Inc lifted its holdings in shares of CSX by 3.6% during the third quarter. Prospera Financial Services Inc now owns 41,300 shares of the transportation company's stock valued at $1,427,000 after purchasing an additional 1,423 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of CSX during the 3rd quarter valued at $3,610,000. Finally, Avior Wealth Management LLC raised its position in CSX by 2.5% in the third quarter. Avior Wealth Management LLC now owns 11,790 shares of the transportation company's stock worth $407,000 after acquiring an additional 293 shares during the period. 73.57% of the stock is currently owned by institutional investors.

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CSX Stock Performance

CSX traded down $0.32 during midday trading on Tuesday, hitting $29.53. 10,843,082 shares of the company were exchanged, compared to its average volume of 11,743,453. The firm has a market capitalization of $55.95 billion, a price-to-earnings ratio of 16.50, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The company's 50 day simple moving average is $31.99 and its 200 day simple moving average is $33.31. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. CSX Co. has a 1-year low of $28.98 and a 1-year high of $37.40.

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

CSX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.13 dividend. 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 positive change from CSX's previous quarterly dividend of $0.12. CSX's payout ratio is currently 29.05%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Benchmark reissued a "buy" rating and set a $38.00 price target on shares of CSX in a report on Monday, January 27th. JPMorgan Chase & Co. reduced their price objective on shares of CSX from $38.00 to $37.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Robert W. Baird dropped their target price on shares of CSX from $39.00 to $38.00 and set an "outperform" rating for the company in a research report on Friday, January 24th. Jefferies Financial Group upgraded shares of CSX from a "hold" rating to a "buy" rating and set a $37.00 price target on the stock in a report on Friday, January 10th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on CSX in a research report on Friday, March 7th. They set a "hold" rating and a $34.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $37.00.

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.