Handelsbanken Fonder AB Boosts Holdings in CSX Co. (NASDAQ:CSX)

Handelsbanken Fonder AB grew its position in shares of CSX Co. (NASDAQ:CSX - Free Report) by 2.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,127,915 shares of the transportation company's stock after buying an additional 28,973 shares during the period. Handelsbanken Fonder AB owned approximately 0.06% of CSX worth $33,195,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Portside Wealth Group LLC increased its holdings in CSX by 1.3% in the 1st quarter. Portside Wealth Group LLC now owns 27,335 shares of the transportation company's stock valued at $804,000 after buying an additional 361 shares during the period. Ullmann Wealth Partners Group LLC raised its position in CSX by 1.3% during the first quarter. Ullmann Wealth Partners Group LLC now owns 29,276 shares of the transportation company's stock valued at $862,000 after purchasing an additional 363 shares in the last quarter. Hemington Wealth Management boosted its holdings in shares of CSX by 14.6% in the 4th quarter. Hemington Wealth Management now owns 2,865 shares of the transportation company's stock valued at $92,000 after purchasing an additional 365 shares in the last quarter. New Republic Capital LLC raised its holdings in shares of CSX by 1.7% during the 4th quarter. New Republic Capital LLC now owns 22,397 shares of the transportation company's stock worth $723,000 after buying an additional 370 shares in the last quarter. Finally, Family Legacy Inc. lifted its position in shares of CSX by 0.6% during the 4th quarter. Family Legacy Inc. now owns 68,009 shares of the transportation company's stock worth $2,190,000 after buying an additional 375 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CSX has been the subject of a number of research reports. Royal Bank of Canada dropped their target price on shares of CSX from $31.00 to $30.00 and set a "sector perform" rating for the company in a report on Thursday, April 17th. Deutsche Bank Aktiengesellschaft initiated coverage on CSX in a research report on Friday, March 7th. They set a "hold" rating and a $34.00 price objective on the stock. Jefferies Financial Group dropped their target price on CSX from $37.00 to $33.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. 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 research note on Thursday, April 17th. Finally, Stifel Nicolaus reduced their price target on CSX from $37.00 to $34.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $33.95.

CSX Stock Down 0.5%

NASDAQ CSX traded down $0.16 during mid-day trading on Thursday, hitting $32.16. The company's stock had a trading volume of 3,066,708 shares, compared to its average volume of 13,201,299. 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 company's 50 day simple moving average is $29.52 and its 200 day simple moving average is $31.33. CSX Co. has a twelve month low of $26.22 and a twelve month high of $37.10. The firm has a market capitalization of $60.41 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 1.92 and a beta of 1.24.

CSX (NASDAQ:CSX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). The company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.53 billion. CSX had a return on equity of 28.15% and a net margin of 23.95%. Analysts anticipate that CSX Co. will post 1.83 earnings per share for the current year.

CSX Dividend Announcement

The company also recently declared 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. This represents a $0.52 annualized dividend and a yield of 1.62%. The ex-dividend date 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.