Impact Capital Partners LLC Acquires New Holdings in CSX Co. (NASDAQ:CSX)

Impact Capital Partners LLC purchased a new position in shares of CSX Co. (NASDAQ:CSX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 51,229 shares of the transportation company's stock, valued at approximately $1,653,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Diversified Trust Co grew its stake in CSX by 180.7% in the fourth quarter. Diversified Trust Co now owns 72,197 shares of the transportation company's stock valued at $2,330,000 after acquiring an additional 46,473 shares during the period. Marshall Financial Group LLC acquired a new position in shares of CSX in the 4th quarter valued at approximately $1,084,000. Thrivent Financial for Lutherans increased its stake in CSX by 0.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 3,374,499 shares of the transportation company's stock worth $116,521,000 after purchasing an additional 24,430 shares in the last quarter. Carnegie Investment Counsel raised its holdings in CSX by 1.4% during the 4th quarter. Carnegie Investment Counsel now owns 612,051 shares of the transportation company's stock worth $19,751,000 after buying an additional 8,474 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its stake in CSX by 6.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 653,025 shares of the transportation company's stock valued at $22,549,000 after buying an additional 41,547 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company's stock.

CSX Stock Up 0.1 %

CSX opened at $29.55 on Thursday. 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 fifty day moving average of $32.34 and a 200-day moving average of $33.55. CSX Co. has a fifty-two week low of $29.29 and a fifty-two week high of $38.03. The company has a market capitalization of $55.99 billion, a P/E ratio of 16.51, a P/E/G ratio of 1.92 and a beta of 1.25.

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CSX (NASDAQ:CSX - Get Free Report) last posted its quarterly earnings data 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 expect that CSX Co. will post 1.83 EPS for the current year.

CSX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.13 dividend. This is a positive change from CSX's previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Friday, February 28th. CSX's dividend payout ratio (DPR) is currently 29.05%.

Analyst Ratings Changes

CSX has been the subject of several research reports. Benchmark reissued a "buy" rating and set a $38.00 price objective on shares of CSX in a research report on Monday, January 27th. Royal Bank of Canada dropped their price target on CSX from $34.00 to $33.00 and set a "sector perform" rating on the stock in a research note on Friday, January 24th. Robert W. Baird cut their price target on CSX from $39.00 to $38.00 and set an "outperform" rating on the stock in a report on Friday, January 24th. Loop Capital downgraded CSX from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $40.00 to $34.00 in a report on Monday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft started coverage on CSX in a research note on Friday, March 7th. They issued a "hold" rating and a $34.00 target price on the stock. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target 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.

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