Y Intercept Hong Kong Ltd Boosts Stake in CSX Co. (NASDAQ:CSX)

Y Intercept Hong Kong Ltd raised its position in CSX Co. (NASDAQ:CSX) by 18.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,653 shares of the transportation company’s stock after purchasing an additional 11,038 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in CSX were worth $2,248,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new position in shares of CSX during the third quarter worth approximately $5,767,000. Dakota Wealth Management increased its position in shares of CSX by 21.9% during the third quarter. Dakota Wealth Management now owns 11,778 shares of the transportation company’s stock worth $407,000 after acquiring an additional 2,115 shares during the period. Allworth Financial LP increased its position in shares of CSX by 3.4% during the third quarter. Allworth Financial LP now owns 73,669 shares of the transportation company’s stock worth $2,544,000 after acquiring an additional 2,438 shares during the period. Frank Rimerman Advisors LLC increased its position in shares of CSX by 3.0% during the third quarter. Frank Rimerman Advisors LLC now owns 22,611 shares of the transportation company’s stock worth $781,000 after acquiring an additional 649 shares during the period. Finally, J.W. Cole Advisors Inc. increased its position in shares of CSX by 0.9% during the third quarter. J.W. Cole Advisors Inc. now owns 35,401 shares of the transportation company’s stock worth $1,222,000 after acquiring an additional 309 shares during the period. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Trading Down 1.5 %

NASDAQ:CSX opened at $31.81 on Tuesday. CSX Co. has a 12 month low of $31.43 and a 12 month high of $38.70. The firm has a fifty day simple moving average of $32.61 and a 200-day simple moving average of $33.75. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The company has a market capitalization of $61.34 billion, a P/E ratio of 17.77, a PEG ratio of 1.92 and a beta of 1.23.

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 return on equity of 28.15% and a net margin of 23.95%. On average, equities research analysts anticipate that CSX Co. will post 1.83 earnings per share for the current year.

CSX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.13 dividend. This is a boost from CSX’s previous quarterly dividend of $0.12. The ex-dividend date is Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a yield of 1.63%. CSX’s payout ratio is presently 29.05%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CSX. JPMorgan Chase & Co. reduced their target price on shares of CSX from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Raymond James reaffirmed an “outperform” rating and set a $37.00 target price (down from $38.00) on shares of CSX in a research report on Friday, January 24th. Barclays cut their price objective on shares of CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Citigroup cut their price objective on shares of CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Finally, Benchmark reissued a “buy” rating and set a $38.00 price objective on shares of CSX in a report on Monday, January 27th. Six research 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 has a consensus rating of “Moderate Buy” and a consensus price target 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.