Elo Mutual Pension Insurance Co Has $5.71 Million Holdings in CSX Co. (NASDAQ:CSX)

Elo Mutual Pension Insurance Co cut its position in shares of CSX Co. (NASDAQ:CSX) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 176,926 shares of the transportation company’s stock after selling 8,906 shares during the period. Elo Mutual Pension Insurance Co’s holdings in CSX were worth $5,709,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CSX. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in CSX by 9.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,210,696 shares of the transportation company’s stock valued at $103,834,000 after buying an additional 288,248 shares during the period. Korea Investment CORP boosted its position in shares of CSX by 3.7% during the 4th quarter. Korea Investment CORP now owns 1,570,501 shares of the transportation company’s stock valued at $50,680,000 after acquiring an additional 55,981 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in CSX in the fourth quarter valued at about $412,000. Mitsubishi UFJ Trust & Banking Corp increased its stake in CSX by 471.9% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,748,661 shares of the transportation company’s stock valued at $217,808,000 after acquiring an additional 5,568,624 shares during the period. Finally, Zions Bancorporation N.A. raised its position in CSX by 7.8% in the fourth quarter. Zions Bancorporation N.A. now owns 7,326 shares of the transportation company’s stock worth $236,000 after purchasing an additional 533 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Price Performance

CSX stock opened at $29.92 on Friday. The business’s 50-day simple moving average is $31.82 and its 200 day simple moving average is $33.23. 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 $56.69 billion, a price-to-earnings ratio of 16.72, a P/E/G ratio of 1.92 and a beta of 1.25. CSX Co. has a 12-month low of $28.98 and a 12-month high of $37.18.

CSX (NASDAQ:CSX) last issued its 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 anticipate that CSX Co. will post 1.83 earnings per share for the current year.

CSX Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.13 per share. 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 dividend yield of 1.74%. CSX’s payout ratio is presently 29.05%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CSX shares. Royal Bank of Canada lowered their price objective on CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research note on Friday, January 24th. Jefferies Financial Group upgraded 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. Wells Fargo & Company reduced their target price on shares of CSX from $34.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Thursday. Deutsche Bank Aktiengesellschaft started coverage on shares of CSX in a research report on Friday, March 7th. They set a “hold” rating and a $34.00 target price for the company. Finally, Barclays reduced their price target on shares of CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, CSX currently has an average rating of “Moderate Buy” and an average target price of $36.75.

CSX Company 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.