CSX Corporation (NASDAQ:CSX) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its stake in CSX Corporation (NASDAQ:CSX - Free Report) by 18.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 613,369 shares of the transportation company's stock after acquiring an additional 94,835 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in CSX were worth $17,855,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP boosted 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 valued at $3,794,000 after purchasing an additional 15,029 shares during the period. CWA Asset Management Group LLC boosted its holdings in shares of CSX by 15.1% during the first quarter. CWA Asset Management Group LLC now owns 12,514 shares of the transportation company's stock valued at $368,000 after acquiring an additional 1,642 shares during the period. Dynamic Advisor Solutions LLC grew its position in shares of CSX by 9.8% during the first quarter. Dynamic Advisor Solutions LLC now owns 38,757 shares of the transportation company's stock worth $1,141,000 after acquiring an additional 3,458 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of CSX by 61.4% in the 1st quarter. Farther Finance Advisors LLC now owns 14,154 shares of the transportation company's stock worth $418,000 after acquiring an additional 5,382 shares during the period. Finally, Cercano Management LLC acquired a new stake in shares of CSX in the 4th quarter worth about $4,869,000. 73.57% of the stock is owned by institutional investors.

CSX Trading Up 1.0%

Shares of NASDAQ:CSX opened at $32.91 on Monday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.75 and a current ratio of 0.88. The stock has a market capitalization of $61.82 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 2.88 and a beta of 1.24. CSX Corporation has a 1-year low of $26.22 and a 1-year high of $37.10. The company has a 50 day moving average price of $30.64 and a 200 day moving average price of $31.03.

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 the consensus estimate of $0.39 by ($0.05). The company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.53 billion. CSX had a return on equity of 26.42% and a net margin of 22.66%. On average, research analysts anticipate that CSX Corporation will post 1.83 EPS for the current fiscal year.

CSX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a yield of 1.58%. CSX's dividend payout ratio is currently 31.14%.

Analysts Set New Price Targets

Several research analysts have commented on CSX shares. Bank of America upped their target price on shares of CSX from $33.00 to $35.00 and gave the stock a "neutral" rating in a research report on Friday, June 13th. Benchmark reissued a "buy" rating and issued a $35.00 price objective on shares of CSX in a report on Thursday, April 17th. Barclays lowered their target price on CSX from $35.00 to $31.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Raymond James Financial reiterated an "outperform" rating and set a $33.00 price target (down previously from $34.00) on shares of CSX in a research report on Thursday, April 17th. Finally, Evercore ISI decreased their price target on CSX from $35.00 to $33.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $34.14.

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.

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