Quantinno Capital Management LP Grows Position in CSX Co. (NASDAQ:CSX)

Quantinno Capital Management LP boosted its stake in shares of CSX Co. (NASDAQ:CSX - Free Report) by 65.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 146,328 shares of the transportation company's stock after buying an additional 57,978 shares during the quarter. Quantinno Capital Management LP's holdings in CSX were worth $5,053,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Banque Cantonale Vaudoise raised its stake in shares of CSX by 149.1% in the second quarter. Banque Cantonale Vaudoise now owns 17,208 shares of the transportation company's stock valued at $575,000 after buying an additional 10,301 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in CSX by 20.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 467,399 shares of the transportation company's stock valued at $16,139,000 after acquiring an additional 80,423 shares during the period. Thrivent Financial for Lutherans lifted its holdings in CSX by 0.7% during the third quarter. Thrivent Financial for Lutherans now owns 3,374,499 shares of the transportation company's stock valued at $116,521,000 after purchasing an additional 24,430 shares during the last quarter. Principal Financial Group Inc. boosted 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 period. Finally, William B. Walkup & Associates Inc. purchased a new position in shares of CSX in the second quarter worth about $867,000. Hedge funds and other institutional investors own 73.57% of the company's stock.

CSX Price Performance

NASDAQ CSX traded down $0.17 during trading hours on Friday, reaching $34.45. 10,491,927 shares of the stock traded hands, compared to its average volume of 10,738,611. The stock has a 50 day simple moving average of $34.84 and a two-hundred day simple moving average of $34.09. CSX Co. has a 1 year low of $31.74 and a 1 year high of $40.12. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23. The company has a market cap of $66.43 billion, a price-to-earnings ratio of 18.52, a price-to-earnings-growth ratio of 2.24 and a beta of 1.20.

CSX (NASDAQ:CSX - Get Free Report) last released its earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $3.68 billion. During the same quarter in the previous year, the firm earned $0.42 EPS. The business's quarterly revenue was up 1.3% compared to the same quarter last year. On average, analysts predict that CSX Co. will post 1.84 EPS for the current fiscal year.

CSX Dividend Announcement

The firm 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. This represents a $0.48 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Friday, November 29th. CSX's payout ratio is presently 25.81%.

Wall Street Analyst Weigh In

A number of analysts recently commented on CSX shares. TD Cowen dropped their price target on shares of CSX from $36.00 to $35.00 and set a "hold" rating on the stock in a research note on Thursday, October 17th. Citigroup raised their price target on CSX from $42.00 to $44.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Barclays boosted their price objective on CSX from $40.00 to $41.00 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. Susquehanna cut their target price on CSX from $42.00 to $40.00 and set a "positive" rating for the company in a research note on Thursday, October 17th. Finally, Stifel Nicolaus decreased their price target on CSX from $39.00 to $37.00 and set a "buy" rating on the stock in a research report on Thursday, October 17th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price 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.