Natixis Advisors LLC Purchases 248,220 Shares of CSX Co. (NASDAQ:CSX)

Natixis Advisors LLC boosted its position in CSX Co. (NASDAQ:CSX) by 37.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 908,178 shares of the transportation company’s stock after purchasing an additional 248,220 shares during the quarter. Natixis Advisors LLC’s holdings in CSX were worth $29,307,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CSX. Bank of New York Mellon Corp grew its stake in shares of CSX by 40.5% in the fourth quarter. Bank of New York Mellon Corp now owns 23,350,087 shares of the transportation company’s stock worth $753,507,000 after acquiring an additional 6,730,316 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of CSX in the fourth quarter worth $85,959,000. Perpetual Ltd purchased a new stake in shares of CSX in the fourth quarter worth $83,301,000. River Road Asset Management LLC purchased a new stake in shares of CSX during the fourth quarter valued at $46,861,000. Finally, FMR LLC increased its holdings in CSX by 10.2% in the 3rd quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock worth $539,112,000 after buying an additional 1,447,651 shares in the last quarter. Institutional investors own 73.57% of the company’s stock.

CSX Stock Up 1.1 %

CSX stock opened at $30.33 on Tuesday. CSX Co. has a twelve month low of $28.98 and a twelve month high of $38.03. 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 stock has a market cap of $57.46 billion, a P/E ratio of 16.94, a PEG ratio of 1.92 and a beta of 1.25. The business’s 50-day moving average price is $32.20 and its 200-day moving average price is $33.46.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. On average, equities 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 issued a $0.13 dividend. The ex-dividend date was Friday, February 28th. This is a boost from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 1.71%. CSX’s payout ratio is currently 29.05%.

Analysts Set New Price Targets

CSX has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Benchmark reiterated a “buy” rating and issued a $38.00 price objective on shares of CSX in a report on Monday, January 27th. Raymond James reiterated an “outperform” rating and issued a $37.00 price objective (down from $38.00) on shares of CSX in a report on Friday, January 24th. Stephens reiterated an “overweight” rating and issued a $38.00 price objective on shares of CSX in a report on Friday, January 24th. Finally, Robert W. Baird reduced their price objective on CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a report 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $37.00.

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.