OneDigital Investment Advisors LLC Boosts Stock Position in CSX Co. (NASDAQ:CSX)

OneDigital Investment Advisors LLC increased its stake in CSX Co. (NASDAQ:CSX - Free Report) by 29.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,236 shares of the transportation company's stock after purchasing an additional 20,225 shares during the period. OneDigital Investment Advisors LLC's holdings in CSX were worth $2,847,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Van Lanschot Kempen Investment Management N.V. purchased a new stake in CSX in the fourth quarter valued at approximately $4,147,000. Tower Research Capital LLC TRC raised its holdings in CSX by 95.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 147,628 shares of the transportation company's stock worth $4,764,000 after purchasing an additional 72,086 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of CSX by 219.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,040 shares of the transportation company's stock valued at $34,000 after buying an additional 714 shares in the last quarter. Landing Point Financial Group LLC acquired a new stake in shares of CSX in the fourth quarter valued at about $639,000. Finally, MML Investors Services LLC boosted its holdings in CSX by 3.6% in the 4th quarter. MML Investors Services LLC now owns 534,116 shares of the transportation company's stock worth $17,236,000 after buying an additional 18,384 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Stock Down 0.2 %

CSX traded down $0.07 during trading hours on Monday, hitting $27.78. 2,707,338 shares of the company's stock were exchanged, compared to its average volume of 12,664,335. 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 firm has a market cap of $52.18 billion, a P/E ratio of 15.49, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23. The firm has a 50 day moving average of $29.52 and a 200 day moving average of $32.25.

CSX (NASDAQ:CSX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $3.53 billion. 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 given a dividend of $0.13 per share. The ex-dividend date was Friday, February 28th. This is an increase from CSX's previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.87%. CSX's payout ratio is currently 31.14%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CSX. BMO Capital Markets decreased their price objective on CSX from $36.00 to $35.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. Citigroup decreased their price target on shares of CSX from $39.00 to $36.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Raymond James restated an "outperform" rating and set a $33.00 price target (down from $34.00) on shares of CSX in a research report on Thursday, April 17th. Stephens reiterated an "overweight" rating and issued a $38.00 price objective on shares of CSX in a report on Friday, January 24th. Finally, Wells Fargo & Company lowered their target price on CSX from $31.00 to $28.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.95.

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.