Van Lanschot Kempen Investment Management N.V. Makes New $4.15 Million Investment in CSX Co. (NASDAQ:CSX)

Van Lanschot Kempen Investment Management N.V. purchased a new stake in CSX Co. (NASDAQ:CSX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 128,524 shares of the transportation company's stock, valued at approximately $4,147,000.

Several other institutional investors also recently modified their holdings of the stock. Geode Capital Management LLC raised its position in shares of CSX by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 41,633,333 shares of the transportation company's stock worth $1,339,555,000 after purchasing an additional 726,507 shares during the period. Invesco Ltd. boosted its holdings in shares of CSX by 13.5% in the fourth quarter. Invesco Ltd. now owns 25,103,077 shares of the transportation company's stock worth $810,076,000 after buying an additional 2,977,212 shares during the period. Fisher Asset Management LLC increased its position in shares of CSX by 1.2% in the fourth quarter. Fisher Asset Management LLC now owns 24,956,467 shares of the transportation company's stock worth $805,345,000 after acquiring an additional 299,536 shares in the last quarter. Norges Bank acquired a new stake in shares of CSX during the fourth quarter valued at approximately $780,194,000. Finally, Bank of New York Mellon Corp lifted its position in shares of CSX by 40.5% in the 4th quarter. Bank of New York Mellon Corp now owns 23,350,087 shares of the transportation company's stock valued at $753,507,000 after acquiring an additional 6,730,316 shares in the last quarter. Institutional investors own 73.57% of the company's stock.

CSX Price Performance

Shares of CSX stock traded down $0.30 during trading on Friday, hitting $27.84. 14,351,235 shares of the company's stock traded hands, compared to its average volume of 12,703,603. CSX Co. has a twelve month low of $26.22 and a twelve month high of $37.10. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. The company has a market cap of $52.30 billion, a PE ratio of 15.55, a PEG ratio of 1.92 and a beta of 1.23. The firm's fifty day moving average price is $29.52 and its 200 day moving average price is $32.25.

CSX (NASDAQ:CSX - Get Free Report) last posted its earnings results on Wednesday, April 16th. The transportation company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). CSX had a return on equity of 28.15% and a net margin of 23.95%. The company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.53 billion. Analysts forecast that CSX Co. will post 1.83 earnings per share for the current year.

CSX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.13 dividend. The ex-dividend date was Friday, February 28th. This is a positive change from CSX's previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 1.87%. CSX's payout ratio is 31.14%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Jefferies Financial Group cut their target price on shares of CSX from $37.00 to $33.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Stephens reaffirmed an "overweight" rating and set a $38.00 target price on shares of CSX in a research note on Friday, January 24th. 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. Robert W. Baird decreased their target price on shares of CSX from $39.00 to $38.00 and set an "outperform" rating for the company in a research note on Friday, January 24th. Finally, Susquehanna lowered their price target on CSX from $37.00 to $35.00 and set a "positive" rating for the company in a research note on Thursday, April 17th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.95.

About CSX

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.