Union Bancaire Privee UBP SA Takes $1.31 Million Position in CSX Co. (NASDAQ:CSX)

Union Bancaire Privee UBP SA purchased a new stake in CSX Co. (NASDAQ:CSX) during the fourth quarter, Holdings Channel.com reports. The firm purchased 42,815 shares of the transportation company’s stock, valued at approximately $1,309,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CSX. International Assets Investment Management LLC purchased a new position in CSX during the 3rd quarter worth $5,767,000. Dakota Wealth Management grew its stake in CSX by 21.9% during the 3rd quarter. Dakota Wealth Management now owns 11,778 shares of the transportation company’s stock worth $407,000 after buying an additional 2,115 shares during the last quarter. Allworth Financial LP grew its stake in CSX by 3.4% during the 3rd quarter. Allworth Financial LP now owns 73,669 shares of the transportation company’s stock worth $2,544,000 after buying an additional 2,438 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in CSX by 20.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 467,399 shares of the transportation company’s stock worth $16,139,000 after buying an additional 80,423 shares during the last quarter. Finally, Forsta AP Fonden grew its stake in CSX by 1.7% during the 3rd quarter. Forsta AP Fonden now owns 417,700 shares of the transportation company’s stock worth $14,423,000 after buying an additional 6,900 shares during the last quarter. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

CSX Trading Down 0.5 %

NASDAQ:CSX opened at $32.30 on Monday. The stock has a fifty day moving average price of $32.63 and a two-hundred day moving average price of $33.77. The stock has a market capitalization of $62.29 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 1.92 and a beta of 1.23. 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 1 year low of $31.43 and a 1 year high of $40.12.

CSX (NASDAQ:CSX) last released its quarterly earnings data 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 return on equity of 28.15% and a net margin of 23.95%. As a group, sell-side analysts anticipate that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.13 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.61%. This is a boost from CSX’s previous quarterly dividend of $0.12. CSX’s dividend payout ratio (DPR) is currently 29.05%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Royal Bank of Canada dropped their target price 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. BMO Capital Markets lowered their price target on CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, January 24th. Loop Capital cut CSX from a “buy” rating to a “hold” rating and lowered their price target for the stock from $40.00 to $34.00 in a research report on Monday, February 3rd. Wells Fargo & Company lowered their price target on CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Finally, Robert W. Baird lowered their price target on CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, January 24th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $37.16.

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.