Siemens Fonds Invest GmbH Has $47,000 Stake in CSX Co. (NASDAQ:CSX)

Siemens Fonds Invest GmbH lowered its position in shares of CSX Co. (NASDAQ:CSX - Free Report) by 98.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,468 shares of the transportation company's stock after selling 90,963 shares during the quarter. Siemens Fonds Invest GmbH's holdings in CSX were worth $47,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of CSX by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 41,633,333 shares of the transportation company's stock worth $1,339,555,000 after acquiring an additional 726,507 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of CSX by 13.5% during 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 during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of CSX by 1.2% during 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 during the last quarter. Norges Bank acquired a new position in shares of CSX in the 4th quarter valued at $780,194,000. Finally, Bank of New York Mellon Corp increased its stake in CSX by 40.5% in the 4th 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. 73.57% of the stock is owned by institutional investors and hedge funds.

CSX Stock Up 0.2%

CSX stock traded up $0.07 during mid-day trading on Wednesday, hitting $31.93. 13,669,376 shares of the company's stock were exchanged, compared to its average volume of 13,081,885. CSX Co. has a 1-year low of $26.22 and a 1-year high of $37.10. The stock has a 50 day moving average of $29.18 and a two-hundred day moving average of $31.43. 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 stock has a market cap of $59.98 billion, a P/E ratio of 17.84, a P/E/G ratio of 1.92 and a beta of 1.22.

CSX (NASDAQ:CSX - Get Free Report) last released its quarterly earnings results 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). 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%. As a group, analysts anticipate that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.52 annualized dividend and a yield of 1.63%. CSX's dividend payout ratio (DPR) is presently 31.14%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CSX. Bank of America raised their target price on shares of CSX from $30.00 to $31.00 and gave the stock a "neutral" rating in a report on Monday, May 12th. Susquehanna decreased their price objective 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. Argus set a $32.00 price objective on shares of CSX in a research report on Friday, April 25th. The Goldman Sachs Group restated a "neutral" rating and issued a $35.00 target price on shares of CSX in a report on Monday. Finally, Citigroup lowered 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. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $33.95.

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.