28,467 Shares in CSX Co. (NASDAQ:CSX) Bought by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. purchased a new position in CSX Co. (NASDAQ:CSX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,467 shares of the transportation company's stock, valued at approximately $919,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Malaga Cove Capital LLC increased its position in shares of CSX by 37.9% in the fourth quarter. Malaga Cove Capital LLC now owns 20,996 shares of the transportation company's stock worth $678,000 after purchasing an additional 5,775 shares during the last quarter. Nissay Asset Management Corp Japan ADV increased its position in shares of CSX by 4.3% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 433,270 shares of the transportation company's stock worth $14,064,000 after purchasing an additional 17,933 shares during the last quarter. NorthRock Partners LLC increased its position in shares of CSX by 133.5% in the fourth quarter. NorthRock Partners LLC now owns 17,306 shares of the transportation company's stock worth $558,000 after purchasing an additional 9,896 shares during the last quarter. Occudo Quantitative Strategies LP increased its position in shares of CSX by 926.5% in the fourth quarter. Occudo Quantitative Strategies LP now owns 120,399 shares of the transportation company's stock worth $3,885,000 after purchasing an additional 108,670 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp increased its position in shares of CSX by 20.2% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 82,555 shares of the transportation company's stock worth $2,664,000 after purchasing an additional 13,880 shares during the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of CSX from $38.00 to $37.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Evercore ISI decreased their price objective on shares of CSX from $35.00 to $33.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. UBS Group decreased their price objective on shares of CSX from $36.00 to $34.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Citigroup decreased their price objective on shares of CSX from $39.00 to $36.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Barclays reduced their price target on shares of CSX from $35.00 to $31.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, CSX has a consensus rating of "Moderate Buy" and a consensus target price of $33.90.

CSX Trading Up 0.1%

Shares of NASDAQ:CSX traded up $0.02 during trading on Friday, reaching $31.32. 11,393,691 shares of the company traded hands, compared to its average volume of 12,850,809. The firm has a market capitalization of $58.84 billion, a price-to-earnings ratio of 17.50, a P/E/G ratio of 1.92 and a beta of 1.22. CSX Co. has a 52-week low of $26.22 and a 52-week high of $37.10. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The business's fifty day moving average is $28.81 and its 200-day moving average is $31.77.

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 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%. As a group, analysts forecast that CSX Co. will post 1.83 EPS for the current year.

CSX Dividend Announcement

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 paid 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 is Friday, May 30th. CSX's dividend payout ratio (DPR) is presently 31.14%.

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.