CSX Co. (NASDAQ:CSX) Shares Purchased by Vident Advisory LLC

Vident Advisory LLC grew its holdings in shares of CSX Co. (NASDAQ:CSX - Free Report) by 41.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,721 shares of the transportation company's stock after purchasing an additional 13,030 shares during the period. Vident Advisory LLC's holdings in CSX were worth $1,443,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CSX. Ameritas Advisory Services LLC raised its stake in CSX by 88.5% during the fourth quarter. Ameritas Advisory Services LLC now owns 11,250 shares of the transportation company's stock worth $363,000 after buying an additional 5,281 shares during the last quarter. Pure Financial Advisors LLC bought a new stake in shares of CSX in the 4th quarter worth approximately $221,000. Bartlett & CO. Wealth Management LLC raised its holdings 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 valued at $4,204,000 after acquiring an additional 35,206 shares during the period. Janney Montgomery Scott LLC raised its holdings 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 valued at $38,049,000 after acquiring an additional 482,277 shares during the period. Finally, Wesbanco Bank Inc. increased its holdings in shares of CSX by 4.5% in the fourth 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 own 73.57% of the company's stock.

Analyst Upgrades and Downgrades

CSX has been the subject of several research reports. Argus set a $32.00 target price on shares of CSX in a research report on Friday, April 25th. Wells Fargo & Company decreased their price target on shares of CSX from $31.00 to $28.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Jefferies Financial Group cut their price target on shares of CSX from $37.00 to $33.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Bank of America lifted their price target on shares of CSX from $30.00 to $31.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. Finally, Stifel Nicolaus lowered their target price on shares of CSX from $37.00 to $34.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, CSX currently has an average rating of "Moderate Buy" and an average target price of $33.90.

CSX Stock Down 0.1%

Shares of NASDAQ CSX traded down $0.04 during trading hours on Wednesday, hitting $31.40. 3,173,646 shares of the stock were exchanged, compared to its average volume of 12,926,196. The company has a market cap of $58.98 billion, a PE ratio of 17.54, a PEG ratio of 1.92 and a beta of 1.22. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. CSX Co. has a 12 month low of $26.22 and a 12 month high of $37.10. The firm has a fifty day moving average price of $28.95 and a 200-day moving average price of $31.58.

CSX (NASDAQ:CSX - Get Free Report) last announced its quarterly earnings data 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). The company 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, sell-side 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. Stockholders of record on Friday, May 30th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Friday, May 30th. CSX's dividend payout ratio (DPR) is presently 31.14%.

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.