CSX Co. (NASDAQ:CSX) Stock Holdings Boosted by Czech National Bank

Czech National Bank grew its stake in shares of CSX Co. (NASDAQ:CSX - Free Report) by 5.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 442,928 shares of the transportation company's stock after acquiring an additional 24,808 shares during the period. Czech National Bank's holdings in CSX were worth $13,035,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Quantum Financial Advisors LLC bought a new position in shares of CSX in the first quarter worth about $222,000. Wallace Advisory Group LLC boosted its stake in shares of CSX by 10.3% in the 1st quarter. Wallace Advisory Group LLC now owns 11,928 shares of the transportation company's stock valued at $385,000 after purchasing an additional 1,114 shares during the last quarter. Rhumbline Advisers boosted its position in shares of CSX by 2.4% during the first quarter. Rhumbline Advisers now owns 3,563,938 shares of the transportation company's stock worth $104,887,000 after purchasing an additional 84,061 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its position in shares of CSX by 4.7% during the first quarter. Fifth Third Wealth Advisors LLC now owns 39,033 shares of the transportation company's stock worth $1,149,000 after buying an additional 1,745 shares during the period. Finally, GAMMA Investing LLC grew its stake in CSX by 3,526.2% in the first quarter. GAMMA Investing LLC now owns 1,056,831 shares of the transportation company's stock valued at $31,103,000 after purchasing an additional 1,027,687 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on CSX. Evercore ISI dropped their price objective on shares of CSX from $35.00 to $33.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. Bank of America lifted their price target on CSX from $30.00 to $31.00 and gave the company a "neutral" rating in a research note on Monday, May 12th. Benchmark reiterated a "buy" rating and issued a $35.00 price target on shares of CSX in a research report on Thursday, April 17th. BMO Capital Markets dropped their price objective on CSX from $36.00 to $35.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. Finally, Susquehanna reduced their price target on shares of CSX from $37.00 to $35.00 and set a "positive" rating for the company in a research report on Thursday, April 17th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, CSX has a consensus rating of "Moderate Buy" and an average target price of $33.95.

CSX Price Performance

CSX stock traded down $0.05 on Thursday, reaching $31.89. 4,205,864 shares of the company's stock were exchanged, compared to its average volume of 13,047,279. CSX Co. has a twelve month low of $26.22 and a twelve month high of $37.10. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. The stock has a fifty day moving average of $29.18 and a 200-day moving average of $31.43. The firm has a market cap of $59.90 billion, a PE ratio of 17.81, a P/E/G 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 the consensus estimate of $0.39 by ($0.05). The firm had revenue of $3.42 billion during the quarter, compared to analysts' expectations of $3.53 billion. CSX had a net margin of 23.95% and a return on equity of 28.15%. As a group, equities analysts predict that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.52 annualized dividend and a dividend yield of 1.63%. 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.