Asset Management One Co. Ltd. Buys 43,143 Shares of CSX Corporation (NASDAQ:CSX)

Asset Management One Co. Ltd. grew its holdings in CSX Corporation (NASDAQ:CSX - Free Report) by 5.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 795,931 shares of the transportation company's stock after acquiring an additional 43,143 shares during the quarter. Asset Management One Co. Ltd.'s holdings in CSX were worth $23,424,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CSX. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of CSX during the fourth quarter worth about $27,000. Accredited Wealth Management LLC bought a new position in shares of CSX during the fourth quarter worth about $29,000. Fourth Dimension Wealth LLC bought a new position in shares of CSX during the fourth quarter worth about $29,000. SBI Securities Co. Ltd. bought a new position in shares of CSX during the fourth quarter worth about $31,000. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of CSX by 219.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,040 shares of the transportation company's stock worth $34,000 after buying an additional 714 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CSX shares. Citigroup decreased their price objective on CSX from $39.00 to $36.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. 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. Benchmark restated a "buy" rating and issued a $35.00 price target on shares of CSX in a research note on Thursday, April 17th. The Goldman Sachs Group restated a "neutral" rating and issued a $35.00 price target on shares of CSX in a research note on Monday, June 2nd. Finally, Deutsche Bank Aktiengesellschaft started coverage on CSX in a research note on Friday, March 7th. They issued a "hold" rating and a $34.00 price target for the company. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, CSX currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.14.

CSX Stock Performance

NASDAQ:CSX traded up $0.34 during mid-day trading on Friday, hitting $32.91. 20,443,890 shares of the stock were exchanged, compared to its average volume of 13,319,546. The stock has a market capitalization of $61.82 billion, a price-to-earnings ratio of 19.71, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24. The firm's 50-day simple moving average is $30.54 and its 200 day simple moving average is $31.07. 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 Corporation has a fifty-two week low of $26.22 and a fifty-two week high of $37.10.

CSX (NASDAQ:CSX - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.53 billion. CSX had a return on equity of 26.42% and a net margin of 22.66%. As a group, equities analysts anticipate that CSX Corporation will post 1.83 EPS for the current fiscal year.

CSX Announces Dividend

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

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.