Quantinno Capital Management LP Purchases 43,384 Shares of CSX Co. (NASDAQ:CSX)

Quantinno Capital Management LP boosted its holdings in CSX Co. (NASDAQ:CSX - Free Report) by 29.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 189,712 shares of the transportation company's stock after buying an additional 43,384 shares during the period. Quantinno Capital Management LP's holdings in CSX were worth $6,122,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CSX. Marshall & Sterling Wealth Advisors Inc. acquired a new position in CSX during the 4th quarter worth $27,000. Accredited Wealth Management LLC acquired a new position in shares of CSX in the 4th quarter valued at about $29,000. SBI Securities Co. Ltd. acquired a new position in shares of CSX in the 4th quarter valued at about $31,000. Sierra Ocean LLC acquired a new position in shares of CSX in the 4th quarter valued at about $33,000. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of CSX by 219.0% in 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 during the period. Hedge funds and other institutional investors own 73.57% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on CSX. Jefferies Financial Group decreased their target price on shares of CSX from $37.00 to $33.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Stifel Nicolaus cut their price target on shares of CSX from $37.00 to $34.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Stephens reaffirmed an "overweight" rating and set a $38.00 price objective on shares of CSX in a research report on Friday, January 24th. Royal Bank of Canada decreased their target price on shares of CSX from $31.00 to $30.00 and set a "sector perform" rating for the company in a research report on Thursday, April 17th. Finally, Citigroup lowered their target price 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. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $33.90.

CSX Trading Up 0.1%

CSX stock traded up $0.02 during mid-day trading on Tuesday, hitting $31.23. 14,966,093 shares of the stock were exchanged, compared to its average volume of 12,870,293. The company has a quick ratio of 1.23, a current ratio of 0.86 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's fifty day simple moving average is $28.84 and its two-hundred day simple moving average is $31.74. The stock has a market capitalization of $58.67 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 1.92 and a beta of 1.22.

CSX (NASDAQ:CSX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 EPS for the quarter, missing analysts' consensus estimates 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%. Analysts forecast that CSX Co. will post 1.83 EPS for the current year.

CSX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.13 per share. The ex-dividend date is Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a yield of 1.67%. CSX's dividend payout ratio (DPR) is 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.