Wealth Enhancement Advisory Services LLC Grows Stock Holdings in CSX Co. (NASDAQ:CSX)

Wealth Enhancement Advisory Services LLC lifted its position in CSX Co. (NASDAQ:CSX - Free Report) by 9.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 945,319 shares of the transportation company's stock after purchasing an additional 78,282 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in CSX were worth $30,505,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in shares of CSX by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 41,633,333 shares of the transportation company's stock valued at $1,339,555,000 after buying an additional 726,507 shares during the last quarter. Invesco Ltd. boosted 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 during the period. Fisher Asset Management LLC boosted 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 during the period. Norges Bank purchased a new stake in shares of CSX in the fourth quarter valued at approximately $780,194,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of CSX by 40.5% in the fourth quarter. Bank of New York Mellon Corp now owns 23,350,087 shares of the transportation company's stock valued at $753,507,000 after purchasing an additional 6,730,316 shares during the period. 73.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CSX. Citigroup lowered their price target on CSX from $39.00 to $36.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Evercore ISI lowered their target price on CSX from $35.00 to $33.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. Susquehanna lowered their target price on CSX from $37.00 to $35.00 and set a "positive" rating for the company in a report on Thursday, April 17th. Argus set a $32.00 target price on CSX in a report on Friday, April 25th. Finally, Jefferies Financial Group lowered their target price on CSX from $37.00 to $33.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.90.

CSX Price Performance

Shares of CSX stock traded up $0.08 during mid-day trading on Friday, hitting $31.50. 22,997,462 shares of the stock were exchanged, compared to its average volume of 12,977,598. The firm has a fifty day moving average of $29.06 and a 200 day moving average of $31.52. 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 52-week low of $26.22 and a 52-week high of $37.10. The company has a market cap of $59.17 billion, a PE ratio of 17.60, a price-to-earnings-growth ratio of 1.92 and a beta of 1.22.

CSX (NASDAQ:CSX - Get Free Report) last posted its 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). CSX had a return on equity of 28.15% and a net margin of 23.95%. The firm had revenue of $3.42 billion for the quarter, compared to analysts' expectations of $3.53 billion. Research analysts anticipate that CSX Co. will post 1.83 earnings per share for the current year.

CSX Dividend Announcement

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

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.