Mizuho Securities USA LLC Purchases 57,053 Shares of CSX Co. (NASDAQ:CSX)

Mizuho Securities USA LLC grew its stake in shares of CSX Co. (NASDAQ:CSX - Free Report) by 45.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 182,770 shares of the transportation company's stock after purchasing an additional 57,053 shares during the quarter. Mizuho Securities USA LLC's holdings in CSX were worth $5,898,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Bank of New York Mellon Corp raised its position in shares of CSX by 40.5% during the 4th quarter. Bank of New York Mellon Corp now owns 23,350,087 shares of the transportation company's stock worth $753,507,000 after buying an additional 6,730,316 shares in the last quarter. Raymond James Financial Inc. bought a new stake in CSX during the fourth quarter worth approximately $85,959,000. Perpetual Ltd acquired a new stake in CSX in the fourth quarter worth approximately $83,301,000. River Road Asset Management LLC bought a new position in CSX during the 4th quarter valued at $46,861,000. Finally, FMR LLC increased its position in shares of CSX by 10.2% during the 3rd quarter. FMR LLC now owns 15,612,862 shares of the transportation company's stock valued at $539,112,000 after purchasing an additional 1,447,651 shares during the period. 73.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CSX has been the topic of several recent research reports. 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 research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft started coverage on CSX in a report on Friday, March 7th. They issued a "hold" rating and a $34.00 target price on the stock. Citigroup reduced their target price on CSX from $40.00 to $39.00 and set a "buy" rating for the company in a report on Friday, January 24th. 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. Finally, JPMorgan Chase & Co. reduced their price objective on shares of CSX from $38.00 to $37.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $36.75.

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CSX Stock Performance

CSX stock traded up $0.02 on Thursday, hitting $29.92. The company's stock had a trading volume of 10,440,518 shares, compared to its average volume of 11,734,945. CSX Co. has a one year low of $28.98 and a one year high of $37.18. The firm has a market cap of $56.69 billion, a P/E ratio of 16.72, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. The company has a fifty day moving average price of $31.88 and a 200-day moving average price of $33.26.

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

CSX Increases Dividend

The business 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 is a positive change from CSX's previous quarterly dividend of $0.12. The ex-dividend date was Friday, February 28th. This represents a $0.52 annualized dividend and a yield of 1.74%. CSX's payout ratio is currently 29.05%.

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.