Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 3,629,772 CSX Co. (NASDAQ:CSX)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in CSX Co. (NASDAQ:CSX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,629,772 shares of the transportation company's stock, valued at approximately $117,133,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.19% of CSX at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP increased its position in CSX by 14.7% during the 4th quarter. Wellington Management Group LLP now owns 117,579 shares of the transportation company's stock worth $3,794,000 after purchasing an additional 15,029 shares in the last quarter. Waycross Partners LLC boosted its holdings in shares of CSX by 7.0% during the 4th quarter. Waycross Partners LLC now owns 619,471 shares of the transportation company's stock worth $19,990,000 after buying an additional 40,611 shares in the last quarter. Verde Servicos Internacionais S.A. increased its holdings in shares of CSX by 38.4% during the fourth quarter. Verde Servicos Internacionais S.A. now owns 426,348 shares of the transportation company's stock valued at $13,758,000 after acquiring an additional 118,355 shares in the last quarter. Glassy Mountain Advisors Inc. raised its stake in shares of CSX by 2.4% in the fourth quarter. Glassy Mountain Advisors Inc. now owns 112,770 shares of the transportation company's stock worth $3,639,000 after purchasing an additional 2,641 shares during the last quarter. Finally, Parsons Capital Management Inc. RI increased its position in shares of CSX by 20.2% during the 4th quarter. Parsons Capital Management Inc. RI now owns 100,669 shares of the transportation company's stock valued at $3,249,000 after purchasing an additional 16,911 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CSX has been the subject of a number of analyst reports. Loop Capital lowered shares of CSX from a "buy" rating to a "hold" rating and cut their price objective for the company from $40.00 to $34.00 in a research report on Monday, February 3rd. Susquehanna reduced their price objective on shares of CSX from $37.00 to $35.00 and set a "positive" rating on the stock in a research report on Thursday, April 17th. Deutsche Bank Aktiengesellschaft started coverage on shares of CSX in a research note on Friday, March 7th. They issued a "hold" rating and a $34.00 price target for the company. Stifel Nicolaus lowered 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. Finally, UBS Group reduced their price objective on shares of CSX from $36.00 to $34.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, CSX presently has an average rating of "Moderate Buy" and an average price target of $33.90.

CSX Price Performance

Shares of CSX stock traded up $0.08 during mid-day trading on Thursday, reaching $31.42. 15,013,334 shares of the stock were exchanged, compared to its average volume of 12,987,579. The firm has a 50-day simple moving average of $28.99 and a 200 day simple moving average of $31.58. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The company has a market cap of $59.02 billion, a price-to-earnings ratio of 17.55, a price-to-earnings-growth ratio of 1.92 and a beta of 1.22. CSX Co. has a fifty-two week low of $26.22 and a fifty-two week 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 the consensus estimate of $0.39 by ($0.05). The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.53 billion. CSX had a return on equity of 28.15% and a net margin of 23.95%. On average, sell-side analysts predict that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.52 annualized dividend and a yield of 1.65%. 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.