CSX Co. (NASDAQ:CSX) Stake Increased by Boothbay Fund Management LLC

Boothbay Fund Management LLC grew its holdings in CSX Co. (NASDAQ:CSX - Free Report) by 7,390.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 509,113 shares of the transportation company's stock after acquiring an additional 502,316 shares during the period. Boothbay Fund Management LLC's holdings in CSX were worth $16,429,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in CSX by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 41,633,333 shares of the transportation company's stock worth $1,339,555,000 after acquiring an additional 726,507 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of CSX by 13.5% in the 4th quarter. Invesco Ltd. now owns 25,103,077 shares of the transportation company's stock valued at $810,076,000 after buying an additional 2,977,212 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of CSX by 1.2% in the 4th quarter. Fisher Asset Management LLC now owns 24,956,467 shares of the transportation company's stock valued at $805,345,000 after buying an additional 299,536 shares during the period. Norges Bank acquired a new position in shares of CSX in the 4th quarter valued at about $780,194,000. Finally, Bank of New York Mellon Corp boosted its holdings 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 buying an additional 6,730,316 shares during the period. 73.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CSX shares. Barclays decreased their price target on shares of CSX from $35.00 to $31.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Evercore ISI decreased their price target on shares of CSX from $35.00 to $33.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. Robert W. Baird cut their price objective on shares of CSX from $39.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, January 24th. Stephens reiterated an "overweight" rating and issued a $38.00 price objective on shares of CSX in a research report on Friday, January 24th. Finally, Argus set a $32.00 price objective on shares of CSX in a research report on Friday, April 25th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $33.86.

CSX Price Performance

NASDAQ CSX traded up $0.10 on Thursday, reaching $28.17. 4,644,084 shares of the stock traded hands, compared to its average volume of 15,581,955. The firm's fifty day simple moving average is $29.25 and its 200 day simple moving average is $32.15. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. The company has a market cap of $52.91 billion, a price-to-earnings ratio of 15.73, a P/E/G ratio of 1.92 and a beta of 1.23. CSX Co. has a 12 month low of $26.22 and a 12 month high of $37.10.

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

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from CSX's previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 1.85%. CSX's dividend payout ratio (DPR) is currently 31.14%.

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.