Handelsbanken Fonder AB Increases Stake in CSX Co. (NASDAQ:CSX)

Handelsbanken Fonder AB grew its holdings in CSX Co. (NASDAQ:CSX - Free Report) by 33.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,039,730 shares of the transportation company's stock after purchasing an additional 262,212 shares during the period. Handelsbanken Fonder AB owned approximately 0.05% of CSX worth $36,047,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Fortitude Family Office LLC bought a new position in shares of CSX in the 4th quarter valued at $27,000. Life Planning Partners Inc bought a new position in CSX in the fourth quarter valued at about $27,000. Venturi Wealth Management LLC boosted its stake in shares of CSX by 228.4% during the third quarter. Venturi Wealth Management LLC now owns 995 shares of the transportation company's stock valued at $31,000 after purchasing an additional 692 shares in the last quarter. Janiczek Wealth Management LLC boosted its stake in shares of CSX by 897.2% during the third quarter. Janiczek Wealth Management LLC now owns 1,067 shares of the transportation company's stock valued at $33,000 after purchasing an additional 960 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in shares of CSX during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 73.57% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CSX. BMO Capital Markets lifted their target price on shares of CSX from $37.00 to $38.00 and gave the stock an "outperform" rating in a research report on Thursday, January 25th. Susquehanna boosted their price objective on shares of CSX from $42.00 to $44.00 and gave the stock a "positive" rating in a research note on Thursday, March 28th. Stifel Nicolaus raised their target price on CSX from $37.00 to $39.00 and gave the stock a "buy" rating in a research report on Friday, April 12th. Bank of America reduced their price target on CSX from $40.00 to $39.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, StockNews.com downgraded CSX from a "buy" rating to a "hold" rating in a research report on Wednesday, January 31st. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $38.00.

CSX Stock Up 0.8 %

CSX traded up $0.28 during midday trading on Monday, hitting $34.62. The company had a trading volume of 14,638,314 shares, compared to its average volume of 12,159,251. The stock's 50 day moving average price is $36.83 and its 200 day moving average price is $34.43. CSX Co. has a 52 week low of $29.03 and a 52 week high of $40.12. The company has a market capitalization of $67.68 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 2.05 and a beta of 1.18. The company has a quick ratio of 1.00, a current ratio of 1.15 and a debt-to-equity ratio of 1.42.

CSX (NASDAQ:CSX - Get Free Report) last issued its earnings results on Wednesday, April 17th. The transportation company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.01. The business had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.66 billion. CSX had a return on equity of 29.58% and a net margin of 24.75%. The firm's revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.48 EPS. On average, research analysts anticipate that CSX Co. will post 1.95 earnings per share for the current fiscal year.

CSX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a $0.12 dividend. This is a boost from CSX's previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date was Wednesday, February 28th. CSX's dividend payout ratio (DPR) is currently 26.37%.

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.