Sumitomo Mitsui Trust Group Inc. Boosts Holdings in CSX Corporation (NASDAQ:CSX)

Sumitomo Mitsui Trust Group Inc. lifted its holdings in CSX Corporation (NASDAQ:CSX - Free Report) by 0.2% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 4,851,133 shares of the transportation company's stock after acquiring an additional 9,458 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.26% of CSX worth $142,769,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CSX. Brighton Jones LLC grew its stake in shares of CSX by 5.5% during the fourth quarter. Brighton Jones LLC now owns 16,254 shares of the transportation company's stock valued at $525,000 after buying an additional 849 shares during the last quarter. Nwam LLC grew its position in CSX by 2.6% during the 4th quarter. Nwam LLC now owns 17,236 shares of the transportation company's stock worth $556,000 after acquiring an additional 429 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in CSX by 5.5% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 239,407 shares of the transportation company's stock worth $7,726,000 after purchasing an additional 12,458 shares during the period. Proficio Capital Partners LLC lifted its position in CSX by 3,802.3% in the fourth quarter. Proficio Capital Partners LLC now owns 589,164 shares of the transportation company's stock valued at $19,012,000 after purchasing an additional 574,066 shares during the last quarter. Finally, Flputnam Investment Management Co. lifted its position in CSX by 18.3% in the fourth quarter. Flputnam Investment Management Co. now owns 20,288 shares of the transportation company's stock valued at $655,000 after purchasing an additional 3,142 shares during the last quarter. Hedge funds and other institutional investors own 73.57% of the company's stock.

CSX Price Performance

Shares of CSX stock opened at $32.91 on Friday. The business's fifty day moving average is $30.64 and its 200 day moving average is $31.04. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 1.52. The stock has a market cap of $61.82 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 2.88 and a beta of 1.24. CSX Corporation has a twelve month low of $26.22 and a twelve month high of $37.10.

CSX (NASDAQ:CSX - Get Free Report) last released its earnings results on Wednesday, April 16th. The transportation company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). CSX had a return on equity of 26.42% and a net margin of 22.66%. The business had revenue of $3.42 billion during the quarter, compared to analysts' expectations of $3.53 billion. Research analysts expect that CSX Corporation will post 1.83 EPS for the current fiscal year.

CSX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.52 annualized dividend and a dividend yield of 1.58%. CSX's payout ratio is 31.14%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CSX. Argus set a $32.00 target price on shares of CSX in a report on Friday, April 25th. Barclays cut their price target on shares of CSX from $35.00 to $31.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Royal Bank Of Canada decreased their price objective on shares of CSX from $31.00 to $30.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 17th. Raymond James Financial reiterated an "outperform" rating and set a $33.00 target price (down from $34.00) on shares of CSX in a report on Thursday, April 17th. Finally, Evercore ISI cut their target price on CSX from $35.00 to $33.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $34.14.

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.

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