Mitsubishi UFJ Asset Management Co. Ltd. Has $71.91 Million Holdings in CSX Co. (NASDAQ:CSX)

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in CSX Co. (NASDAQ:CSX - Free Report) by 5.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,074,841 shares of the transportation company's stock after purchasing an additional 100,603 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.10% of CSX worth $71,914,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in CSX. Assenagon Asset Management S.A. grew its stake in shares of CSX by 416.8% in the third quarter. Assenagon Asset Management S.A. now owns 5,070,296 shares of the transportation company's stock worth $155,912,000 after acquiring an additional 4,089,150 shares during the last quarter. Lazard Asset Management LLC grew its position in CSX by 10.4% during the 3rd quarter. Lazard Asset Management LLC now owns 29,191,044 shares of the transportation company's stock valued at $897,624,000 after purchasing an additional 2,748,738 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in CSX by 68.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,234,797 shares of the transportation company's stock valued at $160,970,000 after purchasing an additional 2,119,965 shares in the last quarter. Barclays PLC lifted its stake in shares of CSX by 29.0% in the third quarter. Barclays PLC now owns 7,160,597 shares of the transportation company's stock worth $220,189,000 after buying an additional 1,609,942 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. grew its holdings in shares of CSX by 43.8% during the third quarter. Adage Capital Partners GP L.L.C. now owns 4,752,117 shares of the transportation company's stock valued at $146,128,000 after buying an additional 1,446,685 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors.

CSX Stock Performance

CSX traded down $0.59 during trading on Tuesday, reaching $33.93. 13,921,290 shares of the company's stock were exchanged, compared to its average volume of 12,136,708. The company's fifty day simple moving average is $35.77 and its 200-day simple moving average is $34.77. The stock has a market capitalization of $66.33 billion, a P/E ratio of 18.63, a price-to-earnings-growth ratio of 2.06 and a beta of 1.19. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.15 and a quick ratio of 1.00. CSX Co. has a 1 year low of $29.03 and a 1 year high of $40.12.

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

CSX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Thursday, May 30th. CSX's payout ratio is 26.37%.

Wall Street Analyst Weigh In

Several research firms have issued reports on CSX. StockNews.com cut shares of CSX from a "buy" rating to a "hold" rating in a research note on Wednesday, January 31st. Stifel Nicolaus lifted their target price on shares of CSX from $37.00 to $39.00 and gave the stock a "buy" rating in a research report on Friday, April 12th. UBS Group lowered their price target on CSX from $46.00 to $44.00 and set a "buy" rating on the stock in a report on Thursday, April 18th. Royal Bank of Canada cut their price objective on CSX from $37.00 to $36.00 and set a "sector perform" rating for the company in a report on Thursday, April 18th. Finally, Raymond James increased their target price on CSX from $35.00 to $38.00 and gave the company an "outperform" rating in a report on Tuesday, January 16th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, CSX presently has a consensus rating of "Moderate Buy" and an average price target of $38.00.

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.