Deutsche Bank AG Acquires 473,476 Shares of CSX Co. (NASDAQ:CSX)

Deutsche Bank AG boosted its holdings in CSX Co. (NASDAQ:CSX - Free Report) by 6.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,087,257 shares of the transportation company's stock after acquiring an additional 473,476 shares during the quarter. Deutsche Bank AG owned 0.42% of CSX worth $260,976,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CSX. Geode Capital Management LLC grew its position in CSX by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 41,633,333 shares of the transportation company's stock worth $1,339,555,000 after acquiring an additional 726,507 shares during the last quarter. Invesco Ltd. grew its position 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 acquiring an additional 2,977,212 shares during the last quarter. Fisher Asset Management LLC grew its position in CSX by 1.2% during the 4th quarter. Fisher Asset Management LLC now owns 24,956,467 shares of the transportation company's stock worth $805,345,000 after acquiring an additional 299,536 shares during the last quarter. Norges Bank bought a new stake in CSX during the 4th quarter worth approximately $780,194,000. Finally, Bank of New York Mellon Corp grew its position in CSX by 40.5% during the 4th quarter. Bank of New York Mellon Corp now owns 23,350,087 shares of the transportation company's stock worth $753,507,000 after acquiring an additional 6,730,316 shares during the last quarter. Institutional investors own 73.57% of the company's stock.

CSX Trading Up 5.5%

CSX stock traded up $1.57 during midday trading on Monday, hitting $30.31. 15,707,115 shares of the company's stock were exchanged, compared to its average volume of 12,756,547. The stock's fifty day moving average price is $28.78 and its 200-day moving average price is $31.84. 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 company has a market cap of $56.94 billion, a PE ratio of 16.93, a price-to-earnings-growth ratio of 1.92 and a beta of 1.22. CSX Co. has a one year low of $26.22 and a one year high of $37.10.

CSX (NASDAQ:CSX - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.53 billion. CSX had a net margin of 23.95% and a return on equity of 28.15%. Research analysts predict that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Friday, May 30th. CSX's dividend payout ratio is currently 31.14%.

Analysts Set New Price Targets

CSX has been the topic of a number of research analyst reports. Barclays decreased their price target on CSX from $35.00 to $31.00 and set an "overweight" rating on the stock 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 research report on Friday, January 24th. UBS Group decreased their price objective on CSX from $36.00 to $34.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Susquehanna decreased their price objective on CSX from $37.00 to $35.00 and set a "positive" rating on the stock in a research report on Thursday, April 17th. Finally, Benchmark reiterated a "buy" rating and issued a $35.00 price objective on shares of CSX in a research report on Thursday, April 17th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $33.90.

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.