365,479 Shares in CSX Co. (NASDAQ:CSX) Acquired by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. purchased a new stake in shares of CSX Co. (NASDAQ:CSX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 365,479 shares of the transportation company's stock, valued at approximately $11,794,000.

Several other institutional investors have also bought and sold shares of the business. Pinney & Scofield Inc. bought a new position in CSX during the fourth quarter valued at $94,000. Neo Ivy Capital Management bought a new position in CSX during the fourth quarter valued at $1,918,000. Fourth Dimension Wealth LLC purchased a new stake in shares of CSX in the fourth quarter valued at $29,000. Vise Technologies Inc. increased its stake in CSX by 45.2% in the 4th quarter. Vise Technologies Inc. now owns 12,953 shares of the transportation company's stock worth $418,000 after buying an additional 4,030 shares during the period. Finally, Cornerstone Advisory LLC increased its stake in CSX by 16.5% in the 4th quarter. Cornerstone Advisory LLC now owns 19,482 shares of the transportation company's stock worth $650,000 after buying an additional 2,763 shares during the period. Institutional investors own 73.57% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on CSX. Raymond James reaffirmed an "outperform" rating and issued a $33.00 price target (down previously from $34.00) on shares of CSX in a research note on Thursday, April 17th. Susquehanna reduced their price target on shares of CSX from $37.00 to $35.00 and set a "positive" rating on the stock in a research note on Thursday, April 17th. Wells Fargo & Company reduced their price target on shares of CSX from $31.00 to $28.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Evercore ISI reduced their price target on shares of CSX from $35.00 to $33.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. Finally, Jefferies Financial Group reduced their price target on shares of CSX from $37.00 to $33.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, CSX presently has a consensus rating of "Moderate Buy" and an average price target of $33.90.

CSX Stock Up 2.0%

Shares of NASDAQ:CSX traded up $0.61 during trading on Tuesday, reaching $31.43. The stock had a trading volume of 17,929,407 shares, compared to its average volume of 12,963,960. CSX Co. has a one year low of $26.22 and a one year high of $37.10. The company has a market capitalization of $59.04 billion, a P/E ratio of 17.56, a PEG ratio of 1.92 and a beta of 1.22. 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 firm's 50-day simple moving average is $28.92 and its 200 day simple moving average is $31.59.

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 analysts' consensus estimates of $0.39 by ($0.05). CSX had a net margin of 23.95% and a return on equity of 28.15%. The firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.53 billion. As a group, research analysts expect that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Announces Dividend

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 paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Friday, May 30th. CSX's dividend payout ratio (DPR) is presently 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.