Vanguard Group Inc. Grows Position in CSX Co. (NASDAQ:CSX)

Vanguard Group Inc. boosted its holdings in shares of CSX Co. (NASDAQ:CSX - Free Report) by 0.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 175,484,044 shares of the transportation company's stock after purchasing an additional 319,770 shares during the period. Vanguard Group Inc. owned about 9.10% of CSX worth $5,662,870,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CSX. SBI Securities Co. Ltd. acquired a new stake in CSX in the fourth quarter valued at approximately $31,000. Sierra Ocean LLC acquired a new stake in shares of CSX during the 4th quarter valued at $33,000. Center for Financial Planning Inc. grew its position in CSX by 205.7% during the 4th quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company's stock worth $35,000 after acquiring an additional 720 shares during the last quarter. Atala Financial Inc acquired a new position in CSX in the 4th quarter worth about $36,000. Finally, Millstone Evans Group LLC acquired a new position in CSX in the 4th quarter worth about $37,000. Institutional investors and hedge funds own 73.57% of the company's stock.

CSX Stock Down 1.0 %

CSX stock traded down $0.30 during trading on Thursday, reaching $29.61. 2,936,568 shares of the stock were exchanged, compared to its average volume of 11,705,973. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. CSX Co. has a twelve month low of $28.98 and a twelve month high of $37.18. The firm's 50 day moving average is $31.88 and its 200 day moving average is $33.26. The firm has a market cap of $56.09 billion, a P/E ratio of 16.56, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25.

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CSX (NASDAQ:CSX - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. As a group, research analysts forecast that CSX Co. will post 1.83 EPS for the current 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 $0.13 dividend. This is a boost from CSX's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 annualized dividend and a yield of 1.76%. CSX's dividend payout ratio (DPR) is presently 29.05%.

Analysts Set New Price Targets

CSX has been the subject of several recent research reports. Jefferies Financial Group raised CSX from a "hold" rating to a "buy" rating and set a $37.00 price objective for the company in a research note on Friday, January 10th. JPMorgan Chase & Co. dropped their price target on shares of CSX from $38.00 to $37.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Robert W. Baird cut their price target on shares of CSX from $39.00 to $38.00 and set an "outperform" rating on the stock in a report on Friday, January 24th. Loop Capital downgraded CSX from a "buy" rating to a "hold" rating and decreased their price objective for the company from $40.00 to $34.00 in a report on Monday, February 3rd. Finally, Barclays cut their target price on CSX from $40.00 to $38.00 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 issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $36.75.

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.