CSX Corporation $CSX Holdings Lifted by Fiduciary Management Inc. WI

Key Points

• Fiduciary Management Inc. WI increased its stake in CSX Corporation by 13.6% in Q1, now holding approximately $184.63 million in shares.
• Multiple analysts have raised their price targets for CSX, with Bank of America increasing it from $34.00 to $42.00, reflecting a positive outlook on the stock.
• CSX recently declared a quarterly dividend of $0.13 per share, indicating a 1.4% yield, and will pay out on September 15th to investors of record on August 29th.

Fiduciary Management Inc. WI lifted its holdings in shares of CSX Corporation (NASDAQ:CSX - Free Report) by 13.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,273,406 shares of the transportation company's stock after acquiring an additional 749,436 shares during the period. CSX accounts for approximately 1.8% of Fiduciary Management Inc. WI's investment portfolio, making the stock its 21st biggest holding. Fiduciary Management Inc. WI owned approximately 0.33% of CSX worth $184,626,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in CSX in the fourth quarter valued at $27,000. Rossby Financial LCC acquired a new position in CSX during the first quarter worth approximately $28,000. Accredited Wealth Management LLC purchased a new stake in CSX in the fourth quarter valued at approximately $29,000. Fourth Dimension Wealth LLC acquired a new stake in shares of CSX in the fourth quarter valued at approximately $29,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in shares of CSX during the first quarter worth approximately $30,000. Institutional investors and hedge funds own 73.57% of the company's stock.

CSX Trading Up 0.1%

CSX stock traded up $0.02 on Wednesday, hitting $32.43. 9,167,342 shares of the company were exchanged, compared to its average volume of 17,009,305. CSX Corporation has a twelve month low of $26.22 and a twelve month high of $37.25. The stock has a market capitalization of $60.47 billion, a price-to-earnings ratio of 20.02, a price-to-earnings-growth ratio of 2.45 and a beta of 1.25. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.77 and a quick ratio of 0.63. The business's fifty day moving average is $34.34 and its two-hundred day moving average is $31.66.

CSX (NASDAQ:CSX - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The transportation company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.02. CSX had a net margin of 21.92% and a return on equity of 25.48%. The firm had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter in the prior year, the company earned $0.49 EPS. The company's revenue was down 3.5% on a year-over-year basis. As a group, research analysts forecast that CSX Corporation will post 1.83 earnings per share for the current year.

CSX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.13 per share. The ex-dividend date is Friday, August 29th. This represents a $0.52 annualized dividend and a dividend yield of 1.6%. CSX's dividend payout ratio (DPR) is currently 32.10%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Citigroup raised their price target on CSX from $36.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Sanford C. Bernstein reissued a "market perform" rating and issued a $36.00 price objective (up from $33.00) on shares of CSX in a research note on Tuesday, July 8th. Benchmark boosted their price target on shares of CSX from $37.00 to $40.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Raymond James Financial raised their target price on CSX from $33.00 to $37.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Finally, Susquehanna reiterated a "neutral" rating and issued a $35.00 price target on shares of CSX in a report on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, CSX currently has an average rating of "Moderate Buy" and an average price target of $37.00.

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.