Waycross Partners LLC Has $19.99 Million Stock Holdings in CSX Co. (NASDAQ:CSX)

Waycross Partners LLC grew its holdings in shares of CSX Co. (NASDAQ:CSX - Free Report) by 7.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 619,471 shares of the transportation company's stock after purchasing an additional 40,611 shares during the period. CSX comprises 2.6% of Waycross Partners LLC's holdings, making the stock its 17th largest holding. Waycross Partners LLC's holdings in CSX were worth $19,990,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of CSX by 20.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 467,399 shares of the transportation company's stock worth $16,139,000 after acquiring an additional 80,423 shares during the period. Diversified Trust Co lifted its holdings in shares of CSX by 180.7% during the 4th quarter. Diversified Trust Co now owns 72,197 shares of the transportation company's stock worth $2,330,000 after acquiring an additional 46,473 shares during the period. Marshall Financial Group LLC bought a new stake in shares of CSX during the 4th quarter worth approximately $1,084,000. Thrivent Financial for Lutherans lifted its holdings in shares of CSX by 0.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 3,374,499 shares of the transportation company's stock worth $116,521,000 after acquiring an additional 24,430 shares during the period. Finally, Carnegie Investment Counsel lifted its stake in CSX by 1.4% in the 4th quarter. Carnegie Investment Counsel now owns 612,051 shares of the transportation company's stock valued at $19,751,000 after purchasing an additional 8,474 shares during the last quarter. Institutional investors own 73.57% of the company's stock.

CSX Trading Down 0.5 %

Shares of CSX traded down $0.16 during trading hours on Friday, hitting $32.30. 23,611,829 shares of the stock were exchanged, compared to its average volume of 14,363,321. CSX Co. has a fifty-two week low of $31.43 and a fifty-two week high of $40.12. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. The business has a 50-day moving average of $32.63 and a 200-day moving average of $33.77. The firm has a market capitalization of $62.29 billion, a P/E ratio of 18.04, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23.

CSX (NASDAQ:CSX - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. On average, research analysts expect that CSX Co. will post 1.83 EPS for the current year.

CSX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.13 per share. The ex-dividend date is Friday, February 28th. This is a boost from CSX's previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 1.61%. CSX's dividend payout ratio is 26.82%.

Analysts Set New Price Targets

CSX has been the subject of several research reports. Barclays dropped their price objective on shares of CSX from $40.00 to $38.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Benchmark reissued a "buy" rating and issued a $38.00 price objective on shares of CSX in a research note on Monday, January 27th. BMO Capital Markets dropped their price objective on shares of CSX from $40.00 to $38.00 and set an "outperform" rating for the company in a research note on Friday, January 24th. Susquehanna dropped their price objective on shares of CSX from $40.00 to $39.00 and set a "positive" rating for the company in a research note on Wednesday, January 8th. Finally, Raymond James reissued an "outperform" rating and issued a $37.00 price objective (down previously from $38.00) on shares of CSX in a research note on Friday, January 24th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, CSX has a consensus rating of "Moderate Buy" and a consensus price target of $37.16.

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.