Canada Pension Plan Investment Board Has $112.54 Million Holdings in CSX Co. (NASDAQ:CSX)

Canada Pension Plan Investment Board boosted its position in CSX Co. (NASDAQ:CSX - Free Report) by 11.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,487,409 shares of the transportation company's stock after buying an additional 366,419 shares during the period. Canada Pension Plan Investment Board owned approximately 0.18% of CSX worth $112,539,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CSX. SBI Securities Co. Ltd. acquired a new stake in shares of CSX in the 4th quarter worth approximately $31,000. Sierra Ocean LLC acquired a new stake in shares of CSX during the 4th quarter worth about $33,000. Center for Financial Planning Inc. lifted its stake in shares of CSX by 205.7% during the fourth quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company's stock valued at $35,000 after buying an additional 720 shares during the period. Meeder Asset Management Inc. grew its stake in CSX by 216.2% in the 4th quarter. Meeder Asset Management Inc. now owns 1,091 shares of the transportation company's stock worth $35,000 after acquiring an additional 746 shares during the period. Finally, Atala Financial Inc acquired a new position in CSX in the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 73.57% of the company's stock.

Wall Street Analysts Forecast Growth

CSX has been the topic of a number of research analyst reports. Citigroup decreased their price target on CSX from $39.00 to $36.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft began coverage on shares of CSX in a research report on Friday, March 7th. They issued a "hold" rating and a $34.00 price objective for the company. Jefferies Financial Group decreased their price objective on shares of CSX from $37.00 to $33.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Robert W. Baird dropped their target price on CSX from $39.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, January 24th. Finally, Stephens reiterated an "overweight" rating and set a $38.00 price objective on shares of CSX in a research report on Friday, January 24th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $33.95.

CSX Trading Down 0.6 %

Shares of NASDAQ:CSX traded down $0.17 during trading on Wednesday, hitting $27.61. 4,883,268 shares of the company's stock were exchanged, compared to its average volume of 12,710,392. 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 1-year low of $26.22 and a 1-year high of $37.10. The firm has a market cap of $51.87 billion, a P/E ratio of 15.42, a PEG ratio of 1.92 and a beta of 1.23. The firm has a 50-day moving average price of $29.85 and a two-hundred day moving average price of $32.40.

CSX (NASDAQ:CSX - Get Free Report) last released its earnings results on Wednesday, April 16th. The transportation company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). CSX had a return on equity of 28.15% and a net margin of 23.95%. The firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.53 billion. Equities analysts predict 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 dividend of $0.13 per share. This is a positive change from CSX's previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend was Friday, February 28th. CSX's dividend payout ratio is 31.14%.

CSX 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.