Wexford Capital LP Buys New Shares in CSX Co. (NASDAQ:CSX)

Wexford Capital LP bought a new stake in CSX Co. (NASDAQ:CSX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 131,484 shares of the transportation company's stock, valued at approximately $4,243,000. CSX makes up approximately 0.7% of Wexford Capital LP's holdings, making the stock its 25th largest holding.

A number of other institutional investors have also added to or reduced their stakes in CSX. Wellington Management Group LLP raised its stake in CSX by 14.7% during the 4th quarter. Wellington Management Group LLP now owns 117,579 shares of the transportation company's stock worth $3,794,000 after buying an additional 15,029 shares during the period. Marshall Financial Group LLC acquired a new position in CSX during the 4th quarter worth approximately $1,084,000. Waycross Partners LLC raised its stake in CSX by 7.0% during the 4th quarter. Waycross Partners LLC now owns 619,471 shares of the transportation company's stock worth $19,990,000 after buying an additional 40,611 shares during the period. Nisa Investment Advisors LLC boosted its stake in CSX by 1.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,061,143 shares of the transportation company's stock valued at $34,243,000 after purchasing an additional 20,073 shares during the last quarter. Finally, Verde Servicos Internacionais S.A. boosted its stake in CSX by 38.4% during the 4th quarter. Verde Servicos Internacionais S.A. now owns 426,348 shares of the transportation company's stock valued at $13,758,000 after purchasing an additional 118,355 shares during the last quarter. 73.57% of the stock is owned by institutional investors and hedge funds.

CSX Stock Performance

CSX stock traded up $0.15 during trading on Thursday, hitting $30.64. The stock had a trading volume of 18,429,777 shares, compared to its average volume of 12,892,847. CSX Co. has a 1 year low of $26.22 and a 1 year high of $37.10. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. The stock's 50 day moving average is $28.89 and its two-hundred day moving average is $31.73. The stock has a market cap of $57.56 billion, a price-to-earnings ratio of 17.12, a price-to-earnings-growth ratio of 1.92 and a beta of 1.22.

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 the consensus estimate 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 during the quarter, compared to analysts' expectations of $3.53 billion. As a group, analysts predict that CSX Co. will post 1.83 EPS for the current year.

CSX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.13 per share. 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 1.70%. CSX's payout ratio is 31.14%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on CSX in a research note on Friday, March 7th. They set a "hold" rating and a $34.00 price target for the company. Evercore ISI cut their price target on CSX from $35.00 to $33.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. 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. Susquehanna cut their price target on CSX from $37.00 to $35.00 and set a "positive" rating for the company in a research note on Thursday, April 17th. Finally, Loop Capital downgraded CSX from a "buy" rating to a "hold" rating and cut their price target for the company from $40.00 to $34.00 in a research note on Monday, February 3rd. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $33.90.

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.