MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $257.85 Million Stock Position in CSX Co. (NASDAQ:CSX)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of CSX Co. (NASDAQ:CSX - Free Report) by 4.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,990,360 shares of the transportation company's stock after acquiring an additional 371,081 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.41% of CSX worth $257,848,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of CSX in the fourth quarter valued at about $27,000. Accredited Wealth Management LLC bought a new stake in shares of CSX in the 4th quarter worth approximately $29,000. SBI Securities Co. Ltd. bought 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 approximately $33,000. Finally, Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of CSX by 219.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,040 shares of the transportation company's stock valued at $34,000 after purchasing an additional 714 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Benchmark reaffirmed a "buy" rating and issued a $35.00 price target on shares of CSX in a research note on Thursday, April 17th. UBS Group reduced their target price 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. Bank of America upped their target price on shares of CSX from $30.00 to $31.00 and gave the stock a "neutral" rating in a report on Monday. JPMorgan Chase & Co. cut their price target on shares of CSX from $38.00 to $37.00 and set an "overweight" rating for the company in a report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of CSX in a research report on Friday, March 7th. They issued a "hold" rating and a $34.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, CSX currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.90.

CSX Stock Up 0.9%

CSX traded up $0.27 during trading on Thursday, reaching $31.30. 15,563,107 shares of the stock were exchanged, compared to its average volume of 12,827,344. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. The stock's 50 day moving average price is $28.76 and its two-hundred day moving average price is $31.81. CSX Co. has a twelve month low of $26.22 and a twelve month high of $37.10. The stock has a market cap of $58.80 billion, a P/E ratio of 17.49, a price-to-earnings-growth ratio of 1.92 and a beta of 1.22.

CSX (NASDAQ:CSX - Get Free Report) last released 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 analyst estimates of $3.53 billion. CSX had a net margin of 23.95% and a return on equity of 28.15%. Equities analysts expect that CSX Co. will post 1.83 EPS for the current year.

CSX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Friday, May 30th. CSX's dividend payout ratio (DPR) is currently 31.14%.

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.