BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $11.98 Million Position in CSX Co. (NASDAQ:CSX)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of CSX Co. (NASDAQ:CSX - Free Report) by 13.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 371,248 shares of the transportation company's stock after acquiring an additional 45,084 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in CSX were worth $11,980,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its position in shares of CSX by 14.7% during the 4th quarter. Wellington Management Group LLP now owns 117,579 shares of the transportation company's stock valued at $3,794,000 after acquiring an additional 15,029 shares in the last quarter. Marshall Financial Group LLC bought a new position in CSX during the fourth quarter worth about $1,084,000. Waycross Partners LLC boosted its holdings in CSX by 7.0% during the fourth quarter. Waycross Partners LLC now owns 619,471 shares of the transportation company's stock valued at $19,990,000 after purchasing an additional 40,611 shares in the last quarter. Verde Servicos Internacionais S.A. grew its stake in shares of CSX by 38.4% in the 4th quarter. Verde Servicos Internacionais S.A. now owns 426,348 shares of the transportation company's stock valued at $13,758,000 after purchasing an additional 118,355 shares during the period. Finally, Glassy Mountain Advisors Inc. raised its holdings in shares of CSX by 2.4% in the 4th quarter. Glassy Mountain Advisors Inc. now owns 112,770 shares of the transportation company's stock worth $3,639,000 after buying an additional 2,641 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company's stock.

CSX Trading Up 2.0%

NASDAQ:CSX traded up $0.63 on Tuesday, hitting $31.45. 12,740,460 shares of the stock were exchanged, compared to its average volume of 12,963,928. The stock has a market capitalization of $59.08 billion, a price-to-earnings ratio of 17.57, a P/E/G ratio of 1.92 and a beta of 1.22. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. CSX Co. has a 52 week low of $26.22 and a 52 week high of $37.10. The company's 50-day moving average price is $28.92 and its 200 day moving average price is $31.59.

CSX (NASDAQ:CSX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The transportation company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). CSX had a return on equity of 28.15% and a net margin of 23.95%. The business had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.53 billion. On average, equities research analysts forecast that CSX Co. will post 1.83 earnings per share for the current year.

CSX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Friday, May 30th. CSX's payout ratio is 31.14%.

Analysts Set New Price Targets

Several brokerages recently commented on CSX. UBS Group decreased their price target on CSX from $36.00 to $34.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Evercore ISI reduced their target price on shares of CSX from $35.00 to $33.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. 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 report on Tuesday, April 8th. Jefferies Financial Group cut their price target on shares of CSX from $37.00 to $33.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Finally, Wells Fargo & Company decreased their price objective on shares of CSX from $31.00 to $28.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Seven 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 stock has an average rating of "Moderate Buy" and an average price target of $33.90.

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.