MML Investors Services LLC Buys 18,384 Shares of CSX Co. (NASDAQ:CSX)

MML Investors Services LLC grew its stake in shares of CSX Co. (NASDAQ:CSX - Free Report) by 3.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 534,116 shares of the transportation company's stock after acquiring an additional 18,384 shares during the quarter. MML Investors Services LLC's holdings in CSX were worth $17,236,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Joel Isaacson & Co. LLC increased its stake in shares of CSX by 2.4% in the fourth quarter. Joel Isaacson & Co. LLC now owns 13,036 shares of the transportation company's stock worth $421,000 after acquiring an additional 310 shares during the last quarter. Patrick M Sweeney & Associates Inc. raised its stake in shares of CSX by 1.0% during the 4th quarter. Patrick M Sweeney & Associates Inc. now owns 31,827 shares of the transportation company's stock worth $1,027,000 after purchasing an additional 313 shares in the last quarter. West Branch Capital LLC lifted its holdings in shares of CSX by 3.3% during the 4th quarter. West Branch Capital LLC now owns 10,317 shares of the transportation company's stock valued at $333,000 after buying an additional 332 shares during the last quarter. Alhambra Investment Management LLC grew its stake in shares of CSX by 4.3% in the 4th quarter. Alhambra Investment Management LLC now owns 8,292 shares of the transportation company's stock valued at $268,000 after buying an additional 342 shares in the last quarter. Finally, Trust Point Inc. increased its holdings in CSX by 2.6% in the fourth quarter. Trust Point Inc. now owns 13,722 shares of the transportation company's stock worth $443,000 after buying an additional 344 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 topic of a number of recent research reports. Loop Capital downgraded shares of CSX from a "buy" rating to a "hold" rating and cut their price target for the company from $40.00 to $34.00 in a report on Monday, February 3rd. Bank of America reduced their price target on CSX from $33.00 to $30.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Raymond James reissued an "outperform" rating and set a $33.00 price objective (down previously from $34.00) on shares of CSX in a report on Thursday, April 17th. Barclays reduced their target price on CSX from $35.00 to $31.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Finally, JPMorgan Chase & Co. lowered their price target on CSX from $38.00 to $37.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, CSX has an average rating of "Moderate Buy" and an average price target of $33.95.

CSX Price Performance

Shares of CSX stock traded down $0.30 during trading hours on Friday, hitting $27.84. The company had a trading volume of 14,351,235 shares, compared to its average volume of 12,692,627. 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 firm has a market capitalization of $52.30 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 1.92 and a beta of 1.23. CSX Co. has a 12 month low of $26.22 and a 12 month high of $37.10. The firm's fifty day moving average is $29.63 and its 200 day moving average is $32.33.

CSX (NASDAQ:CSX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). CSX had a net margin of 23.95% and a return on equity of 28.15%. The company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.53 billion. On average, sell-side analysts predict that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.13 per share. 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 dividend yield of 1.87%. CSX's dividend payout ratio (DPR) is presently 31.14%.

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.