China Universal Asset Management Co. Ltd. Grows Stock Position in CSX Corporation (NASDAQ:CSX)

China Universal Asset Management Co. Ltd. raised its position in shares of CSX Corporation (NASDAQ:CSX - Free Report) by 49.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,795 shares of the transportation company's stock after acquiring an additional 15,412 shares during the period. China Universal Asset Management Co. Ltd.'s holdings in CSX were worth $1,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in CSX during the 4th quarter valued at $27,000. Rossby Financial LCC purchased a new stake in CSX during the 1st quarter valued at $28,000. Accredited Wealth Management LLC purchased a new stake in CSX during the 4th quarter valued at $29,000. Fourth Dimension Wealth LLC purchased a new stake in CSX during the 4th quarter valued at $29,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new stake in CSX during the 1st quarter valued at $30,000. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Stock Down 0.2%

CSX stock traded down $0.06 during trading on Wednesday, reaching $33.33. 9,174,639 shares of the company traded hands, compared to its average volume of 13,302,827. CSX Corporation has a 12 month low of $26.22 and a 12 month high of $37.10. The business has a 50 day simple moving average of $31.41 and a 200 day simple moving average of $31.08. The company has a market capitalization of $62.61 billion, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 2.93 and a beta of 1.23. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.75 and a current ratio of 0.88.

CSX (NASDAQ:CSX - Get Free Report) last issued its quarterly earnings data 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 net margin of 22.66% and a return on equity of 26.42%. The company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.53 billion. On average, equities research analysts anticipate that CSX Corporation will post 1.83 earnings per share for the current fiscal year.

CSX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend was Friday, May 30th. CSX's payout ratio is currently 31.14%.

Analyst Ratings Changes

CSX has been the topic of several recent research reports. Evercore ISI decreased their price target on CSX from $35.00 to $33.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. Sanford C. Bernstein restated a "market perform" rating and set a $36.00 price target (up previously from $33.00) on shares of CSX in a report on Tuesday. Argus set a $32.00 price target on CSX in a report on Friday, April 25th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $35.00 price objective on shares of CSX in a research report on Monday, June 2nd. Finally, Susquehanna reaffirmed a "neutral" rating and issued a $35.00 price objective on shares of CSX in a research report on Tuesday, June 24th. Nine research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $34.41.

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.