CSX Co. (NASDAQ:CSX) Stock Holdings Raised by US Bancorp DE

US Bancorp DE raised its stake in CSX Co. (NASDAQ:CSX) by 1.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 992,693 shares of the transportation company’s stock after acquiring an additional 12,134 shares during the period. US Bancorp DE’s holdings in CSX were worth $32,034,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CSX. Fisher Asset Management LLC boosted its holdings in shares of CSX by 1.2% in the 4th quarter. Fisher Asset Management LLC now owns 24,956,467 shares of the transportation company’s stock valued at $805,345,000 after buying an additional 299,536 shares during the period. SVB Wealth LLC acquired a new position in shares of CSX in the 4th quarter valued at about $1,163,000. Flputnam Investment Management Co. boosted its holdings in shares of CSX by 18.3% in the 4th quarter. Flputnam Investment Management Co. now owns 20,288 shares of the transportation company’s stock valued at $655,000 after buying an additional 3,142 shares during the period. VELA Investment Management LLC boosted its holdings in shares of CSX by 139.8% in the 4th quarter. VELA Investment Management LLC now owns 80,535 shares of the transportation company’s stock valued at $2,599,000 after buying an additional 46,950 shares during the period. Finally, Versor Investments LP boosted its holdings in shares of CSX by 78.2% in the 4th quarter. Versor Investments LP now owns 38,259 shares of the transportation company’s stock valued at $1,235,000 after buying an additional 16,787 shares during the period. Institutional investors own 73.57% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on CSX. Raymond James reaffirmed an “outperform” rating and issued a $37.00 price target (down from $38.00) on shares of CSX in a report on Friday, January 24th. Loop Capital lowered shares of CSX from a “buy” rating to a “hold” rating and decreased their price target for the company from $40.00 to $34.00 in a report on Monday, February 3rd. Benchmark reaffirmed a “buy” rating and issued a $38.00 price target on shares of CSX in a report on Monday, January 27th. Citigroup reduced their target price on shares of CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Finally, Susquehanna reduced their target price 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. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $37.16.

CSX Trading Down 0.0 %

Shares of NASDAQ:CSX opened at $32.01 on Monday. The company has a 50 day moving average of $32.60 and a 200-day moving average of $33.71. The firm has a market cap of $61.72 billion, a P/E ratio of 17.88, a P/E/G ratio of 1.92 and a beta of 1.23. CSX Co. has a twelve month low of $31.43 and a twelve month high of $38.61. 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 (NASDAQ:CSX) last released its earnings results on Thursday, January 23rd. The transportation company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. As a group, analysts anticipate that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.62%. The ex-dividend date is Friday, February 28th. This is a positive change from CSX’s previous quarterly dividend of $0.12. CSX’s dividend payout ratio is currently 29.05%.

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.