Robeco Institutional Asset Management B.V. Buys 56,163 Shares of CSX Co. (NASDAQ:CSX)

Robeco Institutional Asset Management B.V. grew its position in CSX Co. (NASDAQ:CSX - Free Report) by 18.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 355,061 shares of the transportation company's stock after purchasing an additional 56,163 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in CSX were worth $12,260,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its holdings in CSX by 0.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,251,716 shares of the transportation company's stock worth $2,418,883,000 after purchasing an additional 443,755 shares in the last quarter. Bank of New York Mellon Corp raised its position in CSX by 6.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 17,133,857 shares of the transportation company's stock valued at $573,128,000 after buying an additional 1,060,204 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in CSX by 9.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 12,421,862 shares of the transportation company's stock valued at $415,466,000 after acquiring an additional 1,060,617 shares in the last quarter. Bank of Montreal Can grew its stake in shares of CSX by 38.7% during the 2nd quarter. Bank of Montreal Can now owns 6,749,827 shares of the transportation company's stock worth $225,917,000 after acquiring an additional 1,884,998 shares in the last quarter. Finally, Interval Partners LP raised its holdings in shares of CSX by 849.0% in the second quarter. Interval Partners LP now owns 5,118,751 shares of the transportation company's stock valued at $171,222,000 after purchasing an additional 4,579,344 shares during the last quarter. Institutional investors and hedge funds own 73.57% of the company's stock.

CSX Stock Performance

Shares of CSX stock traded down $1.33 on Thursday, hitting $35.55. The company's stock had a trading volume of 19,125,539 shares, compared to its average volume of 11,726,161. CSX Co. has a fifty-two week low of $30.13 and a fifty-two week high of $40.12. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39. The stock's 50 day moving average is $34.08 and its 200-day moving average is $33.80. The company has a market capitalization of $68.56 billion, a PE ratio of 19.12, a PEG ratio of 2.12 and a beta of 1.19.

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 for the quarter, missing analysts' consensus estimates of $0.48 by ($0.02). CSX had a net margin of 24.77% and a return on equity of 28.92%. The business had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.68 billion. During the same quarter in the previous year, the firm posted $0.42 earnings per share. The firm's quarterly revenue was up 1.3% on a year-over-year basis. Equities research analysts expect that CSX Co. will post 1.84 earnings per share for the current fiscal year.

CSX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Friday, November 29th. CSX's dividend payout ratio (DPR) is presently 25.81%.

Analyst Upgrades and Downgrades

CSX has been the subject of a number of analyst reports. Benchmark reaffirmed a "buy" rating and issued a $40.00 target price on shares of CSX in a research report on Wednesday, August 7th. Stifel Nicolaus dropped their target price on CSX from $39.00 to $37.00 and set a "buy" rating on the stock in a report on Thursday, October 17th. Loop Capital lowered their price target on CSX from $43.00 to $42.00 and set a "buy" rating on the stock in a research report on Thursday, October 17th. Evercore ISI dropped their price objective on CSX from $38.00 to $37.00 and set an "outperform" rating on the stock in a research note on Thursday, October 17th. Finally, BMO Capital Markets decreased their target price on shares of CSX from $40.00 to $39.00 and set an "outperform" rating for the company in a research note 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 company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.61.

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.