CSX Corporation $CSX Shares Acquired by Cohen & Steers Inc.

Cohen & Steers Inc. lifted its stake in shares of CSX Corporation (NASDAQ:CSX) by 1.2% during the fourth quarter, Holdings Channel reports. The firm owned 8,282,107 shares of the transportation company’s stock after buying an additional 98,977 shares during the period. Cohen & Steers Inc.’s holdings in CSX were worth $300,226,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in CSX. Cbre Investment Management Listed Real Assets LLC increased its position in CSX by 81.9% in the 3rd quarter. Cbre Investment Management Listed Real Assets LLC now owns 944,946 shares of the transportation company’s stock valued at $33,555,000 after acquiring an additional 425,395 shares during the period. Captrust Financial Advisors increased its position in CSX by 0.8% in the 2nd quarter. Captrust Financial Advisors now owns 405,828 shares of the transportation company’s stock valued at $13,242,000 after acquiring an additional 3,162 shares during the period. Miller Howard Investments Inc. NY increased its position in CSX by 7.8% in the 4th quarter. Miller Howard Investments Inc. NY now owns 223,507 shares of the transportation company’s stock valued at $8,102,000 after acquiring an additional 16,139 shares during the period. Rathbones Group PLC increased its position in CSX by 20.6% in the 3rd quarter. Rathbones Group PLC now owns 207,454 shares of the transportation company’s stock valued at $7,367,000 after acquiring an additional 35,403 shares during the period. Finally, Knights of Columbus Asset Advisors LLC increased its position in CSX by 2.4% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 189,288 shares of the transportation company’s stock valued at $6,862,000 after acquiring an additional 4,476 shares during the period. 73.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the company. Citigroup restated a “neutral” rating and issued a $46.00 target price (up from $44.00) on shares of CSX in a research report on Thursday, April 23rd. Benchmark raised their target price on CSX from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Vertical Research cut CSX from a “buy” rating to a “hold” rating and set a $44.00 target price on the stock. in a research report on Thursday, April 23rd. Sanford C. Bernstein raised their target price on CSX from $36.00 to $39.00 and gave the company a “market perform” rating in a research report on Tuesday, March 31st. Finally, Wells Fargo & Company raised their target price on CSX from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Sixteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $46.42.

CSX Stock Performance

CSX opened at $47.57 on Friday. The firm has a market cap of $88.39 billion, a PE ratio of 29.18, a P/E/G ratio of 2.46 and a beta of 1.22. The company has a quick ratio of 0.83, a current ratio of 0.97 and a debt-to-equity ratio of 1.34. The business has a fifty day simple moving average of $44.81 and a 200-day simple moving average of $40.56. CSX Corporation has a fifty-two week low of $31.80 and a fifty-two week high of $48.03.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.04. The business had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.50 billion. CSX had a return on equity of 24.47% and a net margin of 21.55%.The company’s revenue was up 1.7% compared to the same quarter last year. During the same period last year, the company posted $0.34 EPS. As a group, equities analysts predict that CSX Corporation will post 1.9 EPS for the current fiscal year.

CSX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.56 annualized dividend and a dividend yield of 1.2%. CSX’s dividend payout ratio (DPR) is currently 34.36%.

Insider Buying and Selling at CSX

In other news, CFO Kevin S. Boone sold 136,708 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $46.70, for a total transaction of $6,384,263.60. Following the completion of the sale, the chief financial officer directly owned 208,622 shares of the company’s stock, valued at $9,742,647.40. This trade represents a 39.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John J. Zillmer sold 10,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $46.45, for a total value of $464,500.00. Following the sale, the director directly owned 353,714 shares of the company’s stock, valued at approximately $16,430,015.30. This represents a 2.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.30% of the company’s stock.

CSX Company Profile

CSX Corporation is a leading North American transportation company that provides rail-based freight services and supply-chain solutions. Its operating subsidiary, CSX Transportation, moves a wide range of goods for customers across multiple industries, using a combination of long-haul rail service, intermodal operations and terminal and yard services. The company focuses on delivering efficient, reliable freight transportation between major production centers, consumption markets and port gateways.

CSX’s freight portfolio includes intermodal containers and trailers, bulk commodities, industrial products and specialized unit trains.