Johnson Investment Counsel Inc. Has $3.49 Million Stake in CSX Co. (NASDAQ:CSX)

Johnson Investment Counsel Inc. boosted its position in shares of CSX Co. (NASDAQ:CSX - Free Report) by 8.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 108,096 shares of the transportation company's stock after buying an additional 8,177 shares during the quarter. Johnson Investment Counsel Inc.'s holdings in CSX were worth $3,488,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Valley Wealth Managers Inc. lifted its stake in shares of CSX by 177.8% in the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company's stock valued at $26,000 after purchasing an additional 480 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of CSX during the 4th quarter worth about $31,000. Sierra Ocean LLC acquired a new stake in CSX in the 4th quarter valued at about $33,000. Center for Financial Planning Inc. lifted its stake in CSX by 205.7% in the 4th quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company's stock valued at $35,000 after purchasing an additional 720 shares during the last quarter. Finally, Addison Advisors LLC lifted its stake in CSX by 348.5% in the 3rd quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company's stock valued at $36,000 after purchasing an additional 812 shares during the last quarter. Institutional investors and hedge funds own 73.57% of the company's stock.

Wall Street Analyst Weigh In

CSX has been the subject of several research reports. Stephens restated an "overweight" rating and set a $38.00 price objective on shares of CSX in a research report on Friday, January 24th. BMO Capital Markets lowered their target price on shares of CSX from $40.00 to $38.00 and set an "outperform" rating on the stock in a report on Friday, January 24th. Wells Fargo & Company decreased their price objective on shares of CSX from $36.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Friday, January 24th. Susquehanna decreased their price objective on shares of CSX from $40.00 to $39.00 and set a "positive" rating on the stock in a research note on Wednesday, January 8th. Finally, Robert W. Baird decreased their price objective on shares of CSX from $39.00 to $38.00 and set an "outperform" rating on the stock in a research note on Friday, January 24th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, CSX has a consensus rating of "Moderate Buy" and a consensus price target of $37.00.

Remove Ads

CSX Price Performance

Shares of NASDAQ CSX traded down $0.42 during midday trading on Thursday, reaching $29.13. 16,504,595 shares of the company were exchanged, compared to its average volume of 11,722,129. The stock's 50-day moving average price is $32.28 and its 200-day moving average price is $33.52. The stock has a market cap of $55.19 billion, a P/E ratio of 16.27, a PEG ratio of 1.92 and a beta of 1.25. CSX Co. has a one year low of $29.00 and a one year high of $38.03. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX - Get Free Report) last issued its quarterly earnings results 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%. On average, sell-side analysts anticipate that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Friday, February 28th. This is a positive change from CSX's previous quarterly dividend of $0.12. CSX's payout ratio is 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.