WNY Asset Management LLC Increases Position in CSX Co. (NASDAQ:CSX)

WNY Asset Management LLC boosted its position in shares of CSX Co. (NASDAQ:CSX - Free Report) by 132.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,983 shares of the transportation company's stock after purchasing an additional 10,800 shares during the period. WNY Asset Management LLC's holdings in CSX were worth $613,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Joel Isaacson & Co. LLC lifted its holdings in CSX by 2.4% during the 4th quarter. Joel Isaacson & Co. LLC now owns 13,036 shares of the transportation company's stock valued at $421,000 after buying an additional 310 shares in the last quarter. Patrick M Sweeney & Associates Inc. boosted its holdings in shares of CSX by 1.0% in the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 31,827 shares of the transportation company's stock valued at $1,027,000 after purchasing an additional 313 shares during the period. Trust Point Inc. grew its stake in CSX by 2.6% in the fourth quarter. Trust Point Inc. now owns 13,722 shares of the transportation company's stock worth $443,000 after purchasing an additional 344 shares in the last quarter. Secure Asset Management LLC increased its holdings in CSX by 2.1% during the 4th quarter. Secure Asset Management LLC now owns 17,195 shares of the transportation company's stock worth $555,000 after purchasing an additional 357 shares during the period. Finally, Hemington Wealth Management raised its position in CSX by 14.6% during the 4th quarter. Hemington Wealth Management now owns 2,865 shares of the transportation company's stock valued at $92,000 after purchasing an additional 365 shares in the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Stock Performance

CSX traded up $0.26 during trading on Friday, reaching $31.55. 7,159,356 shares of the company's stock were exchanged, compared to its average volume of 12,983,670. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. CSX Co. has a 1 year low of $26.22 and a 1 year high of $37.10. The company's fifty day simple moving average is $29.02 and its 200-day simple moving average is $31.55. The stock has a market capitalization of $59.26 billion, a P/E ratio of 17.63, a price-to-earnings-growth ratio of 1.92 and a beta of 1.22.

CSX (NASDAQ:CSX - Get Free Report) last released 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 return on equity of 28.15% and a net margin of 23.95%. The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.53 billion. As a group, 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 declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Friday, May 30th. CSX's payout ratio is presently 31.14%.

Analyst Ratings Changes

Several brokerages have recently commented on CSX. Barclays cut their price target on CSX from $35.00 to $31.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Loop Capital cut shares of CSX from a "buy" rating to a "hold" rating and lowered their price target for the stock from $40.00 to $34.00 in a research report on Monday, February 3rd. Citigroup dropped their price objective 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. Bank of America boosted their price objective on shares of CSX from $30.00 to $31.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. Finally, BMO Capital Markets cut their price target on CSX from $36.00 to $35.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $33.90.

About CSX

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.