UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $414.90 Million Stock Position in CSX Co. (NASDAQ:CSX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of CSX Co. (NASDAQ:CSX) by 0.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,857,212 shares of the transportation company’s stock after buying an additional 111,240 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.67% of CSX worth $414,902,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Waverly Advisors LLC lifted its holdings in shares of CSX by 94.6% during the fourth quarter. Waverly Advisors LLC now owns 91,145 shares of the transportation company’s stock worth $2,941,000 after buying an additional 44,298 shares in the last quarter. Woodline Partners LP acquired a new position in CSX in the fourth quarter valued at about $16,311,000. Zimmer Partners LP raised its stake in CSX by 7.0% in the fourth quarter. Zimmer Partners LP now owns 82,500 shares of the transportation company’s stock valued at $2,662,000 after purchasing an additional 5,400 shares in the last quarter. Vident Advisory LLC raised its stake in CSX by 41.1% in the fourth quarter. Vident Advisory LLC now owns 44,721 shares of the transportation company’s stock valued at $1,443,000 after purchasing an additional 13,030 shares in the last quarter. Finally, Sone Capital Management LLC acquired a new position in CSX in the fourth quarter valued at about $12,646,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CSX shares. Evercore ISI reduced their price target on shares of CSX from $35.00 to $33.00 and set an “outperform” rating on the stock in a research report on Thursday, April 17th. Barclays reduced their price target on shares of CSX from $35.00 to $31.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Loop Capital lowered shares of CSX from a “buy” rating to a “hold” rating and reduced their price target for the stock from $40.00 to $34.00 in a research report on Monday, February 3rd. Argus set a $32.00 price target on shares of CSX in a research report on Friday, April 25th. Finally, Stifel Nicolaus decreased their target price on CSX from $37.00 to $34.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Seven investment 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 an average rating of “Moderate Buy” and a consensus price target of $33.90.

CSX Stock Performance

Shares of CSX opened at $31.23 on Wednesday. The stock’s 50-day simple moving average is $28.88 and its 200 day simple moving average is $31.73. The stock has a market capitalization of $58.67 billion, a price-to-earnings ratio of 17.45, a price-to-earnings-growth ratio of 1.92 and a beta of 1.22. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. CSX Co. has a 52-week low of $26.22 and a 52-week high of $37.10.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). The company had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.53 billion. CSX had a return on equity of 28.15% and a net margin of 23.95%. Research analysts forecast that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.52 annualized dividend and a dividend yield of 1.67%. CSX’s payout ratio is currently 31.14%.

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.