Robeco Institutional Asset Management B.V. Raises Stake in CSX Corporation (NASDAQ:CSX)

Robeco Institutional Asset Management B.V. boosted its stake in CSX Corporation (NASDAQ:CSX - Free Report) by 4.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 378,675 shares of the transportation company's stock after acquiring an additional 14,727 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in CSX were worth $11,144,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CSX. Portside Wealth Group LLC raised its position in shares of CSX by 1.3% in the 1st quarter. Portside Wealth Group LLC now owns 27,335 shares of the transportation company's stock worth $804,000 after acquiring an additional 361 shares in the last quarter. Ullmann Wealth Partners Group LLC grew its stake in CSX by 1.3% during the first quarter. Ullmann Wealth Partners Group LLC now owns 29,276 shares of the transportation company's stock worth $862,000 after purchasing an additional 363 shares during the period. Family Legacy Inc. increased its holdings in CSX by 0.6% in the fourth quarter. Family Legacy Inc. now owns 68,009 shares of the transportation company's stock worth $2,190,000 after purchasing an additional 375 shares in the last quarter. Patrick M Sweeney & Associates Inc. lifted its stake in CSX by 1.2% in the first quarter. Patrick M Sweeney & Associates Inc. now owns 32,205 shares of the transportation company's stock valued at $948,000 after buying an additional 378 shares during the period. Finally, Faithward Advisors LLC lifted its stake in CSX by 1.7% in the fourth quarter. Faithward Advisors LLC now owns 23,841 shares of the transportation company's stock valued at $769,000 after buying an additional 392 shares during the period. 73.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on CSX. Barclays reduced their price objective on shares of CSX from $35.00 to $31.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Bank of America raised their price target on shares of CSX from $33.00 to $35.00 and gave the stock a "neutral" rating in a report on Friday, June 13th. UBS Group decreased their price target on shares of CSX from $36.00 to $34.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Citigroup cut their price objective on shares of CSX from $39.00 to $36.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, The Goldman Sachs Group restated a "neutral" rating and issued a $35.00 target price on shares of CSX in a research note on Monday, June 2nd. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.14.

CSX Stock Up 2.6%

NASDAQ:CSX traded up $0.84 during trading hours on Tuesday, hitting $33.47. 12,862,792 shares of the company traded hands, compared to its average volume of 13,311,627. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 1.52. The company has a market cap of $62.88 billion, a PE ratio of 20.04, a PEG ratio of 2.86 and a beta of 1.23. The firm's 50-day simple moving average is $30.75 and its 200-day simple moving average is $31.02. CSX Corporation has a one year low of $26.22 and a one year high of $37.10.

CSX (NASDAQ:CSX - Get Free Report) last announced its 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). CSX had a net margin of 22.66% and a return on equity of 26.42%. The firm had revenue of $3.42 billion during the quarter, compared to analysts' expectations of $3.53 billion. Equities analysts predict that CSX Corporation will post 1.83 earnings per share for the current year.

CSX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a dividend of $0.13 per share. The ex-dividend date was Friday, May 30th. This represents a $0.52 annualized dividend and a dividend yield of 1.55%. CSX's dividend payout ratio 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.