Vident Advisory LLC Has $1.44 Million Stock Position in CSX Co. (NASDAQ:CSX)

Vident Advisory LLC boosted its stake in CSX Co. (NASDAQ:CSX - Free Report) by 41.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,721 shares of the transportation company's stock after buying an additional 13,030 shares during the period. Vident Advisory LLC's holdings in CSX were worth $1,443,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CSX. Ameritas Advisory Services LLC raised its holdings in shares of CSX by 88.5% during the fourth quarter. Ameritas Advisory Services LLC now owns 11,250 shares of the transportation company's stock valued at $363,000 after buying an additional 5,281 shares during the last quarter. Pure Financial Advisors LLC acquired a new stake in CSX in the 4th quarter valued at approximately $221,000. Bartlett & CO. Wealth Management LLC raised its stake 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 in the last quarter. Janney Montgomery Scott LLC boosted its position 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 worth $38,049,000 after acquiring an additional 482,277 shares during the period. Finally, Wesbanco Bank Inc. boosted its position in CSX by 4.5% during the 4th quarter. Wesbanco Bank Inc. now owns 62,477 shares of the transportation company's stock worth $2,016,000 after acquiring an additional 2,672 shares during the period. 73.57% of the stock is currently owned by institutional investors.

CSX Trading Up 2.1%

Shares of NASDAQ CSX traded up $0.64 during mid-day trading on Tuesday, hitting $31.46. 11,226,325 shares of the company traded hands, compared to its average volume of 15,377,325. 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 1 year low of $26.22 and a 1 year high of $37.10. The stock has a market capitalization of $59.09 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 1.92 and a beta of 1.22. The business has a 50 day moving average of $28.92 and a two-hundred day moving average of $31.59.

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

CSX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Friday, May 30th. CSX's dividend payout ratio is 31.14%.

Analyst Upgrades and Downgrades

CSX has been the topic of a number of research analyst reports. 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. Bank of America raised their target price on shares of CSX from $30.00 to $31.00 and gave the company a "neutral" rating in a research note on Monday, May 12th. Wells Fargo & Company reduced 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. 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 report on Thursday, April 17th. Finally, Jefferies Financial Group dropped their target price on CSX from $37.00 to $33.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.