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

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

A number of other large investors also recently added to or reduced their stakes in CSX. Norges Bank acquired a new position in CSX during the fourth quarter worth approximately $780,194,000. Ameriprise Financial Inc. boosted its position in CSX by 89.7% during the fourth quarter. Ameriprise Financial Inc. now owns 20,856,567 shares of the transportation company's stock worth $673,025,000 after purchasing an additional 9,863,587 shares in the last quarter. Bank of New York Mellon Corp boosted its position in CSX by 40.5% during the fourth quarter. Bank of New York Mellon Corp now owns 23,350,087 shares of the transportation company's stock worth $753,507,000 after purchasing an additional 6,730,316 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in CSX by 471.9% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,748,661 shares of the transportation company's stock worth $217,808,000 after purchasing an additional 5,568,624 shares in the last quarter. Finally, Fiduciary Management Inc. WI purchased a new stake in shares of CSX in the fourth quarter valued at $178,259,000. 73.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Benchmark restated a "buy" rating and set a $35.00 price target on shares of CSX in a research note on Thursday, April 17th. Citigroup cut their price target on CSX from $39.00 to $36.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company cut their price target on CSX from $31.00 to $28.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Deutsche Bank Aktiengesellschaft initiated coverage on CSX in a research report on Friday, March 7th. They issued a "hold" rating and a $34.00 target price on the stock. Finally, Loop Capital cut CSX from a "buy" rating to a "hold" rating and decreased their target price for the stock from $40.00 to $34.00 in a report on Monday, February 3rd. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, CSX has a consensus rating of "Moderate Buy" and a consensus target price of $33.90.

CSX Stock Performance

Shares of CSX traded up $0.11 during trading hours on Thursday, hitting $31.45. The stock had a trading volume of 4,607,602 shares, compared to its average volume of 12,946,961. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. The firm has a 50-day moving average price of $28.99 and a 200 day moving average price of $31.58. The firm has a market capitalization of $59.07 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 1.92 and a beta of 1.22. CSX Co. 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 announced its 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 company had revenue of $3.42 billion for the quarter, compared to analysts' expectations of $3.53 billion. CSX had a return on equity of 28.15% and a net margin of 23.95%. As a group, research analysts anticipate that CSX Co. will post 1.83 EPS for the current year.

CSX Dividend Announcement

The company 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 dividend of $0.13 per share. The ex-dividend date is Friday, May 30th. This represents a $0.52 annualized dividend and a yield of 1.65%. CSX's dividend 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.