1,551,707 Shares in CSX Co. (NASDAQ:CSX) Acquired by Candlestick Capital Management LP

Candlestick Capital Management LP acquired a new position in shares of CSX Co. (NASDAQ:CSX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,551,707 shares of the transportation company's stock, valued at approximately $50,074,000. CSX comprises 1.2% of Candlestick Capital Management LP's investment portfolio, making the stock its 25th largest holding. Candlestick Capital Management LP owned 0.08% of CSX at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in CSX by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 41,633,333 shares of the transportation company's stock valued at $1,339,555,000 after purchasing an additional 726,507 shares during the last quarter. Invesco Ltd. lifted its holdings in CSX by 13.5% during the 4th 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 last quarter. Fisher Asset Management LLC boosted its holdings in CSX by 1.2% in the fourth quarter. Fisher Asset Management LLC now owns 24,956,467 shares of the transportation company's stock valued at $805,345,000 after purchasing an additional 299,536 shares in the last quarter. Norges Bank acquired a new position in shares of CSX in the 4th quarter valued at $780,194,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of CSX by 40.5% during the fourth quarter. Bank of New York Mellon Corp now owns 23,350,087 shares of the transportation company's stock worth $753,507,000 after purchasing an additional 6,730,316 shares during the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Price Performance

CSX traded up $0.04 during trading on Thursday, reaching $28.11. 13,020,568 shares of the stock were exchanged, compared to its average volume of 12,683,424. The company has a market capitalization of $52.81 billion, a price-to-earnings ratio of 15.70, a P/E/G ratio of 1.92 and a beta of 1.23. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. CSX Co. has a 1 year low of $26.22 and a 1 year high of $37.10. The business's 50 day moving average price is $29.25 and its two-hundred day moving average price is $32.15.

CSX (NASDAQ:CSX - Get Free Report) last posted 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 net margin of 23.95% and a return on equity of 28.15%. The company had revenue of $3.42 billion during the quarter, compared to analysts' expectations of $3.53 billion. As a group, 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 was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.85%. 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. CSX's payout ratio is currently 31.14%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Loop Capital downgraded CSX from a "buy" rating to a "hold" rating and decreased their price objective for the company from $40.00 to $34.00 in a report on Monday, February 3rd. UBS Group dropped their price objective on shares of CSX from $36.00 to $34.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Deutsche Bank Aktiengesellschaft started coverage on CSX in a report on Friday, March 7th. They set a "hold" rating and a $34.00 price target on the stock. JPMorgan Chase & Co. decreased their price objective on CSX from $38.00 to $37.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. Finally, Robert W. Baird lowered their target price on CSX from $39.00 to $38.00 and set an "outperform" rating on the stock in a research note on Friday, January 24th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $33.86.

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.