E. Ohman J or Asset Management AB Grows Holdings in CSX Co. (NASDAQ:CSX)

E. Ohman J or Asset Management AB grew its stake in CSX Co. (NASDAQ:CSX - Free Report) by 143.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,135 shares of the transportation company's stock after buying an additional 62,593 shares during the period. E. Ohman J or Asset Management AB's holdings in CSX were worth $3,124,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CSX. Marshall & Sterling Wealth Advisors Inc. purchased a new position in CSX in the 4th quarter worth approximately $27,000. Accredited Wealth Management LLC purchased a new stake in shares of CSX in the 4th quarter valued at $29,000. Fourth Dimension Wealth LLC purchased a new stake in shares of CSX in the 4th quarter valued at $29,000. SBI Securities Co. Ltd. purchased a new stake in shares of CSX in the 4th quarter valued at $31,000. Finally, Sierra Ocean LLC purchased a new stake in shares of CSX in the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 73.57% of the company's stock.

CSX Trading Up 1.5%

NASDAQ:CSX opened at $32.23 on Friday. The company has a 50-day moving average price of $29.28 and a 200-day moving average price of $31.39. CSX Co. has a 12 month low of $26.22 and a 12 month high of $37.10. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The stock has a market cap of $60.55 billion, a price-to-earnings ratio of 18.01, a P/E/G ratio of 1.92 and a beta of 1.22.

CSX (NASDAQ:CSX - Get Free Report) last posted 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 return on equity of 28.15% and a net margin of 23.95%. The company had revenue of $3.42 billion during the quarter, compared to analysts' expectations of $3.53 billion. Equities analysts predict that CSX Co. will post 1.83 EPS for the current year.

CSX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.13 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.52 annualized dividend and a dividend yield of 1.61%. CSX's dividend payout ratio is 31.14%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus cut their price objective on shares of CSX from $37.00 to $34.00 and set a "buy" rating for the company in a research note on Monday, April 14th. UBS Group cut their price objective 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. BMO Capital Markets cut their price objective on shares of CSX from $36.00 to $35.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. Argus set a $32.00 price objective on shares of CSX in a research note on Friday, April 25th. Finally, Royal Bank of Canada cut their price objective on shares of CSX from $31.00 to $30.00 and set a "sector perform" rating for the company in a research note on Thursday, April 17th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $33.95.

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.

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