Los Angeles Capital Management LLC Boosts Holdings in CSX Co. (NASDAQ:CSX)

Los Angeles Capital Management LLC lifted its holdings in CSX Co. (NASDAQ:CSX - Free Report) by 346.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,802 shares of the transportation company's stock after buying an additional 33,980 shares during the period. Los Angeles Capital Management LLC's holdings in CSX were worth $1,512,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Banque Cantonale Vaudoise increased its position in CSX by 149.1% during the second quarter. Banque Cantonale Vaudoise now owns 17,208 shares of the transportation company's stock worth $575,000 after purchasing an additional 10,301 shares during the last quarter. Ascent Group LLC increased its position in CSX by 559.7% during the first quarter. Ascent Group LLC now owns 58,779 shares of the transportation company's stock worth $2,179,000 after purchasing an additional 49,869 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in CSX by 20.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 467,399 shares of the transportation company's stock worth $16,139,000 after purchasing an additional 80,423 shares during the last quarter. Principal Financial Group Inc. increased its position in CSX by 3.4% during the third quarter. Principal Financial Group Inc. now owns 2,348,543 shares of the transportation company's stock worth $81,095,000 after purchasing an additional 77,488 shares during the last quarter. Finally, Sei Investments Co. increased its position in CSX by 4.2% during the first quarter. Sei Investments Co. now owns 597,426 shares of the transportation company's stock worth $22,146,000 after purchasing an additional 23,938 shares during the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Price Performance

NASDAQ CSX traded down $0.85 during trading hours on Thursday, reaching $35.63. The company's stock had a trading volume of 14,937,542 shares, compared to its average volume of 11,738,558. CSX Co. has a fifty-two week low of $30.86 and a fifty-two week high of $40.12. The stock has a market cap of $68.71 billion, a PE ratio of 19.61, a PEG ratio of 2.29 and a beta of 1.19. The company's 50-day moving average is $34.26 and its two-hundred day moving average is $33.87. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39.

CSX (NASDAQ:CSX - Get Free Report) last released its quarterly earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.68 billion. During the same period in the prior year, the business earned $0.42 earnings per share. CSX's revenue for the quarter was up 1.3% on a year-over-year basis. Analysts forecast that CSX Co. will post 1.84 EPS for the current year.

CSX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.48 annualized dividend and a dividend yield of 1.35%. CSX's dividend payout ratio is presently 25.81%.

Analyst Upgrades and Downgrades

CSX has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of CSX from $39.00 to $42.00 and gave the company an "overweight" rating in a research report on Tuesday, August 6th. Benchmark restated a "buy" rating and issued a $40.00 price objective on shares of CSX in a report on Wednesday, August 7th. Evercore ISI decreased their price target on shares of CSX from $38.00 to $37.00 and set an "outperform" rating for the company in a research note on Thursday, October 17th. Wells Fargo & Company lowered their price target on shares of CSX from $35.00 to $34.00 and set an "equal weight" rating for the company in a report on Thursday, October 17th. Finally, Susquehanna lowered their price target on shares of CSX from $42.00 to $40.00 and set a "positive" rating for the company in a report on Thursday, October 17th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $38.78.

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.