59,451 Shares in CSX Co. (NASDAQ:CSX) Bought by Neo Ivy Capital Management

Neo Ivy Capital Management purchased a new stake in CSX Co. (NASDAQ:CSX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 59,451 shares of the transportation company's stock, valued at approximately $1,918,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC increased its position in CSX by 88.5% during the 4th quarter. Ameritas Advisory Services LLC now owns 11,250 shares of the transportation company's stock worth $363,000 after purchasing an additional 5,281 shares during the period. Pure Financial Advisors LLC acquired a new position in CSX during the 4th quarter worth approximately $221,000. Bartlett & CO. Wealth Management LLC increased its position in CSX by 37.0% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 130,273 shares of the transportation company's stock worth $4,204,000 after purchasing an additional 35,206 shares during the period. Janney Montgomery Scott LLC increased its position in CSX by 69.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 1,179,081 shares of the transportation company's stock worth $38,049,000 after purchasing an additional 482,277 shares during the period. Finally, Wesbanco Bank Inc. increased its position in CSX by 4.5% during the 4th quarter. Wesbanco Bank Inc. now owns 62,477 shares of the transportation company's stock worth $2,016,000 after purchasing an additional 2,672 shares during the period. Institutional investors and hedge funds own 73.57% of the company's stock.

CSX Trading Up 2.0%

Shares of CSX stock traded up $0.61 during mid-day trading on Tuesday, hitting $31.43. 17,928,970 shares of the company's stock were exchanged, compared to its average volume of 15,448,933. CSX Co. has a fifty-two week low of $26.22 and a fifty-two week high of $37.10. The stock has a 50-day simple moving average of $28.92 and a two-hundred day simple moving average of $31.59. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. The stock has a market cap of $59.04 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 1.92 and a beta of 1.22.

CSX (NASDAQ:CSX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 earnings per share (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 business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.53 billion. Equities analysts expect that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders 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 dividend yield of 1.65%. The ex-dividend date is Friday, May 30th. CSX's dividend payout ratio (DPR) is 31.14%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CSX. Citigroup decreased their price target on CSX from $39.00 to $36.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Barclays decreased their price target on CSX from $35.00 to $31.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. BMO Capital Markets decreased their price target on CSX from $36.00 to $35.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. Wells Fargo & Company decreased 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, Loop Capital lowered CSX from a "buy" rating to a "hold" rating and decreased their price target for the stock from $40.00 to $34.00 in a research note on Monday, February 3rd. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, CSX currently has an average rating of "Moderate Buy" and a consensus target price of $33.90.

About CSX

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.