Raiffeisen Bank International AG Takes $560,000 Position in CSX Co. (NASDAQ:CSX)

Raiffeisen Bank International AG purchased a new position in CSX Co. (NASDAQ:CSX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 17,412 shares of the transportation company's stock, valued at approximately $560,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CSX. ProShare Advisors LLC boosted its position in CSX by 19.0% during the fourth quarter. ProShare Advisors LLC now owns 2,499,790 shares of the transportation company's stock valued at $80,668,000 after purchasing an additional 398,730 shares in the last quarter. Quantinno Capital Management LP raised its stake in shares of CSX by 29.6% during the 4th quarter. Quantinno Capital Management LP now owns 189,712 shares of the transportation company's stock worth $6,122,000 after acquiring an additional 43,384 shares in the last quarter. Mufg Securities Americas Inc. purchased a new stake in shares of CSX during the 4th quarter valued at $919,000. Malaga Cove Capital LLC boosted its position in shares of CSX by 37.9% in the 4th quarter. Malaga Cove Capital LLC now owns 20,996 shares of the transportation company's stock worth $678,000 after purchasing an additional 5,775 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its stake in CSX by 4.3% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 433,270 shares of the transportation company's stock worth $14,064,000 after buying an additional 17,933 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors.

CSX Price Performance

CSX stock traded down $0.74 during mid-day trading on Wednesday, reaching $30.49. 13,768,443 shares of the company's stock were exchanged, compared to its average volume of 12,888,692. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. CSX Co. has a 12-month low of $26.22 and a 12-month high of $37.10. The stock's 50 day moving average is $28.88 and its 200 day moving average is $31.73. The company has a market cap of $57.28 billion, a price-to-earnings ratio of 17.03, a price-to-earnings-growth ratio of 1.92 and a beta of 1.22.

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

CSX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.13 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.52 annualized dividend and a dividend yield of 1.71%. CSX's dividend payout ratio (DPR) is 31.14%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CSX shares. Citigroup decreased their price target on CSX from $39.00 to $36.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Benchmark reaffirmed a "buy" rating and issued a $35.00 price objective on shares of CSX in a research report on Thursday, April 17th. Susquehanna lowered their target price on shares of CSX from $37.00 to $35.00 and set a "positive" rating for the company in a research note on Thursday, April 17th. Evercore ISI cut 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, Robert W. Baird decreased their price target on shares of CSX from $39.00 to $38.00 and set an "outperform" rating for the company in a report on Friday, January 24th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, CSX currently has an average rating of "Moderate Buy" and an average target price of $33.90.

CSX Company 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.