13,735 Shares in CSX Co. (NASDAQ:CSX) Acquired by Meketa Capital LLC

Meketa Capital LLC bought a new stake in CSX Co. (NASDAQ:CSX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 13,735 shares of the transportation company's stock, valued at approximately $443,000.

Several other hedge funds also recently bought and sold shares of CSX. Joel Isaacson & Co. LLC lifted its position in shares of CSX by 2.4% in the fourth quarter. Joel Isaacson & Co. LLC now owns 13,036 shares of the transportation company's stock worth $421,000 after purchasing an additional 310 shares in the last quarter. Patrick M Sweeney & Associates Inc. grew its holdings in shares of CSX by 1.0% in the 4th quarter. Patrick M Sweeney & Associates Inc. now owns 31,827 shares of the transportation company's stock valued at $1,027,000 after acquiring an additional 313 shares in the last quarter. West Branch Capital LLC grew its stake in CSX by 3.3% in the fourth quarter. West Branch Capital LLC now owns 10,317 shares of the transportation company's stock valued at $333,000 after purchasing an additional 332 shares in the last quarter. Alhambra Investment Management LLC increased its holdings in CSX by 4.3% during the fourth quarter. Alhambra Investment Management LLC now owns 8,292 shares of the transportation company's stock worth $268,000 after buying an additional 342 shares during the last quarter. Finally, Trust Point Inc. raised its holdings in shares of CSX by 2.6% in the 4th quarter. Trust Point Inc. now owns 13,722 shares of the transportation company's stock valued at $443,000 after purchasing an additional 344 shares during the period. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Stock Up 5.5%

Shares of NASDAQ CSX opened at $30.31 on Tuesday. The company has a market cap of $56.94 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 1.92 and a beta of 1.22. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. CSX Co. has a 12 month low of $26.22 and a 12 month high of $37.10. The stock has a 50-day moving average price of $28.77 and a two-hundred day moving average price of $31.82.

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

CSX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Friday, May 30th. CSX's payout ratio is 31.14%.

Wall Street Analyst Weigh In

CSX has been the subject of a number of recent analyst reports. Jefferies Financial Group cut their price objective on CSX from $37.00 to $33.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Wells Fargo & Company decreased their price objective on shares of CSX from $31.00 to $28.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Barclays dropped their price objective 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. Raymond James reiterated an "outperform" rating and issued a $33.00 price target (down previously from $34.00) on shares of CSX in a research note on Thursday, April 17th. Finally, Benchmark reaffirmed a "buy" rating and issued a $35.00 target price on shares of CSX in a research report on Thursday, April 17th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, CSX has an average rating of "Moderate Buy" and a consensus target price of $33.90.

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.

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