CSX Co. (NASDAQ:CSX) Shares Bought by Natixis

Natixis raised its stake in shares of CSX Co. (NASDAQ:CSX - Free Report) by 7.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,256 shares of the transportation company's stock after buying an additional 10,561 shares during the quarter. Natixis' holdings in CSX were worth $4,655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of CSX in the fourth quarter valued at $780,194,000. Bank of New York Mellon Corp grew its holdings in shares of CSX by 40.5% in the fourth quarter. Bank of New York Mellon Corp now owns 23,350,087 shares of the transportation company's stock valued at $753,507,000 after purchasing an additional 6,730,316 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in CSX by 471.9% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,748,661 shares of the transportation company's stock worth $217,808,000 after buying an additional 5,568,624 shares during the period. Fiduciary Management Inc. WI purchased a new position in CSX during the fourth quarter worth $178,259,000. Finally, Invesco Ltd. boosted its stake in CSX by 13.5% during the fourth quarter. Invesco Ltd. now owns 25,103,077 shares of the transportation company's stock worth $810,076,000 after buying an additional 2,977,212 shares during the period. 73.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on CSX. Royal Bank of Canada dropped their price objective on shares of CSX from $31.00 to $30.00 and set a "sector perform" rating for the company in a research note on Thursday, April 17th. Stephens reaffirmed an "overweight" rating and set a $38.00 price objective on shares of CSX in a research note on Friday, January 24th. Bank of America dropped their price objective on shares of CSX from $33.00 to $30.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Robert W. Baird decreased their target price on CSX from $39.00 to $38.00 and set an "outperform" rating for the company in a research report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft started coverage on CSX in a research report on Friday, March 7th. They set a "hold" rating and a $34.00 target price for the company. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $33.95.

CSX Price Performance

Shares of CSX stock traded down $0.30 on Friday, reaching $27.84. 14,351,235 shares of the company were exchanged, compared to its average volume of 12,703,603. The company has a market cap of $52.30 billion, a price-to-earnings ratio of 15.55, a P/E/G ratio of 1.92 and a beta of 1.23. The business has a 50-day moving average price of $29.52 and a 200 day moving average price of $32.25. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. CSX Co. has a 1 year low of $26.22 and a 1 year high of $37.10.

CSX (NASDAQ:CSX - Get Free Report) last released its earnings results on Wednesday, April 16th. The transportation company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). The company had revenue of $3.42 billion for the quarter, compared to analysts' expectations of $3.53 billion. CSX had a return on equity of 28.15% and a net margin of 23.95%. Equities research analysts forecast 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 was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.13 per share. The ex-dividend date was Friday, February 28th. This is a positive change from CSX's previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 1.87%. CSX's payout ratio is presently 31.14%.

About CSX

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.