Pacer Advisors Inc. Boosts Stake in CSX Co. (NASDAQ:CSX)

Pacer Advisors Inc. lifted its holdings in CSX Co. (NASDAQ:CSX) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 225,042 shares of the transportation company’s stock after buying an additional 3,226 shares during the period. Pacer Advisors Inc.’s holdings in CSX were worth $7,802,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Soroban Capital Partners LP boosted its position in CSX by 0.8% in the fourth quarter. Soroban Capital Partners LP now owns 58,100,864 shares of the transportation company’s stock worth $1,799,965,000 after purchasing an additional 470,000 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of CSX by 1.8% in the 1st quarter. Geode Capital Management LLC now owns 39,236,265 shares of the transportation company’s stock worth $1,172,727,000 after buying an additional 690,267 shares during the last quarter. Lazard Asset Management LLC grew its position in CSX by 10.4% during the third quarter. Lazard Asset Management LLC now owns 29,191,044 shares of the transportation company’s stock valued at $897,624,000 after buying an additional 2,748,738 shares during the period. Morgan Stanley increased its holdings in CSX by 3.1% during the third quarter. Morgan Stanley now owns 24,340,514 shares of the transportation company’s stock worth $748,471,000 after buying an additional 739,411 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC increased its holdings in CSX by 101,926.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,323,241 shares of the transportation company’s stock worth $722,554,000 after buying an additional 23,300,381 shares during the last quarter. 73.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CSX. JPMorgan Chase & Co. reduced their target price on shares of CSX from $40.00 to $39.00 and set an “overweight” rating for the company in a research report on Thursday, December 21st. TD Cowen raised their target price on CSX from $32.00 to $36.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. Stifel Nicolaus lowered their target price on CSX from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, January 25th. Raymond James increased their price target on CSX from $35.00 to $38.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 16th. Finally, StockNews.com cut CSX from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, CSX currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.24.

CSX Stock Up 2.0 %

Shares of NASDAQ:CSX opened at $36.84 on Thursday. The company has a market cap of $72.17 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 2.13 and a beta of 1.18. CSX Co. has a one year low of $28.73 and a one year high of $40.12. The firm has a fifty day moving average price of $36.84 and a two-hundred day moving average price of $33.76. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.05 and a quick ratio of 0.91.

CSX (NASDAQ:CSX) last posted its earnings results on Tuesday, January 23rd. The transportation company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. The business had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.63 billion. CSX had a return on equity of 30.52% and a net margin of 25.35%. The firm’s revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.49 earnings per share. Analysts anticipate that CSX Co. will post 1.96 EPS for the current fiscal year.

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.30%. This is a boost from CSX’s previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, February 28th. CSX’s dividend payout ratio is 26.09%.

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.