Rhumbline Advisers Has $104.89 Million Stake in CSX Co. (NASDAQ:CSX)

Rhumbline Advisers raised its position in CSX Co. (NASDAQ:CSX - Free Report) by 2.4% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 3,563,938 shares of the transportation company's stock after buying an additional 84,061 shares during the period. Rhumbline Advisers owned about 0.19% of CSX worth $104,887,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in shares of CSX by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 41,633,333 shares of the transportation company's stock valued at $1,339,555,000 after purchasing an additional 726,507 shares during the period. Invesco Ltd. lifted its holdings in shares of CSX by 13.5% in the fourth quarter. Invesco Ltd. now owns 25,103,077 shares of the transportation company's stock valued at $810,076,000 after purchasing an additional 2,977,212 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of CSX by 1.2% in the fourth quarter. Fisher Asset Management LLC now owns 24,956,467 shares of the transportation company's stock valued at $805,345,000 after purchasing an additional 299,536 shares in the last quarter. Norges Bank bought a new stake in CSX during the fourth quarter worth about $780,194,000. Finally, Bank of New York Mellon Corp raised its holdings 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 acquiring an additional 6,730,316 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Susquehanna dropped their target price on CSX from $37.00 to $35.00 and set a "positive" rating on the stock in a report on Thursday, April 17th. The Goldman Sachs Group reissued a "neutral" rating and set a $35.00 price target on shares of CSX in a research report on Monday. Barclays lowered their price target on CSX from $35.00 to $31.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Royal Bank of Canada decreased their target price on CSX from $31.00 to $30.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 17th. Finally, Jefferies Financial Group decreased their target price on CSX from $37.00 to $33.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.95.

CSX Price Performance

Shares of CSX traded down $0.19 during trading hours on Thursday, reaching $31.74. The stock had a trading volume of 11,814,878 shares, compared to its average volume of 13,095,045. CSX Co. has a 12 month low of $26.22 and a 12 month high of $37.10. The stock has a market capitalization of $59.63 billion, a PE ratio of 17.73, a PEG ratio of 1.92 and a beta of 1.22. 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 company's 50-day moving average is $29.23 and its two-hundred day moving average is $31.41.

CSX (NASDAQ:CSX - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.53 billion. CSX had a net margin of 23.95% and a return on equity of 28.15%. Research analysts expect that CSX Co. will post 1.83 EPS for the current year.

CSX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a yield of 1.64%. CSX's payout ratio is 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.