CSX Co. (NASDAQ:CSX) Shares Acquired by Scotia Capital Inc.

Scotia Capital Inc. raised its holdings in CSX Co. (NASDAQ:CSX - Free Report) by 31.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 181,552 shares of the transportation company's stock after purchasing an additional 43,235 shares during the quarter. Scotia Capital Inc.'s holdings in CSX were worth $5,859,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CSX. SBI Securities Co. Ltd. purchased a new position in shares of CSX in the 4th quarter valued at about $31,000. Sierra Ocean LLC purchased a new stake in shares of CSX during the 4th quarter worth approximately $33,000. Center for Financial Planning Inc. increased its stake in CSX by 205.7% in the 4th quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company's stock valued at $35,000 after purchasing an additional 720 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in CSX by 216.2% during the fourth quarter. Meeder Asset Management Inc. now owns 1,091 shares of the transportation company's stock worth $35,000 after purchasing an additional 746 shares during the last quarter. Finally, Atala Financial Inc acquired a new stake in CSX in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 73.57% of the company's stock.

CSX Stock Down 2.0 %

Shares of NASDAQ CSX traded down $0.55 during trading on Wednesday, reaching $27.35. 24,853,946 shares of the stock were exchanged, compared to its average volume of 12,736,290. CSX Co. has a twelve month low of $25.90 and a twelve month high of $37.10. The company has a market capitalization of $51.55 billion, a price-to-earnings ratio of 15.28, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23. 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 business's 50-day moving average price is $30.39 and its 200 day moving average price is $32.63.

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CSX (NASDAQ:CSX - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The transportation company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). CSX had a return on equity of 28.15% and a net margin of 23.95%. As a group, equities analysts forecast that CSX Co. will post 1.83 EPS for the current fiscal 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 represents a $0.52 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from CSX's previous quarterly dividend of $0.12. CSX's payout ratio is 29.05%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of CSX in a research note on Friday, March 7th. They issued a "hold" rating and a $34.00 price objective on the stock. UBS Group lowered their target price on CSX from $39.00 to $36.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Wells Fargo & Company reduced their price objective on CSX from $34.00 to $31.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 27th. Jefferies Financial Group cut their target price on shares of CSX from $37.00 to $33.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Finally, Royal Bank of Canada decreased their price target on shares of CSX from $34.00 to $33.00 and set a "sector perform" rating on the stock 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's stock. According to data from MarketBeat, CSX currently has an average rating of "Moderate Buy" and an average target price of $35.55.

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.