Wellington Management Group LLP Boosts Stock Position in CSX Co. (NASDAQ:CSX)

Wellington Management Group LLP lifted its stake in shares of CSX Co. (NASDAQ:CSX - Free Report) by 14.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 117,579 shares of the transportation company's stock after buying an additional 15,029 shares during the quarter. Wellington Management Group LLP's holdings in CSX were worth $3,794,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CSX. Mascagni Wealth Management Inc. acquired a new stake in CSX during the 4th quarter worth $308,000. 111 Capital purchased a new position in shares of CSX during the fourth quarter worth about $630,000. Wealth Enhancement Advisory Services LLC increased its position in shares of CSX by 9.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 945,319 shares of the transportation company's stock worth $30,505,000 after purchasing an additional 78,282 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of CSX in the 4th quarter valued at about $117,133,000. Finally, Brooklyn FI LLC purchased a new stake in shares of CSX in the 4th quarter valued at about $566,000. Hedge funds and other institutional investors own 73.57% of the company's stock.

CSX Price Performance

Shares of CSX stock traded up $0.49 during midday trading on Friday, reaching $32.23. 16,163,880 shares of the company traded hands, compared to its average volume of 13,107,252. The firm's 50 day simple moving average is $29.23 and its two-hundred day simple moving average is $31.41. The firm has a market cap of $60.55 billion, a PE ratio of 18.01, a price-to-earnings-growth ratio of 1.92 and a beta of 1.22. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. CSX Co. has a 1-year low of $26.22 and a 1-year high of $37.10.

CSX (NASDAQ:CSX - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.05). The firm had revenue of $3.42 billion during 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, equities research analysts expect that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Announces Dividend

The firm 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. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a yield of 1.61%. CSX's payout ratio is 31.14%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Raymond James restated an "outperform" rating and set a $33.00 price target (down previously from $34.00) on shares of CSX in a research note on Thursday, April 17th. Argus set a $32.00 price objective on CSX in a research report on Friday, April 25th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $35.00 target price on shares of CSX in a research note on Monday. Barclays cut their price target on CSX from $35.00 to $31.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on CSX in a report on Friday, March 7th. They set a "hold" rating and a $34.00 price target for the company. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $33.95.

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.