Nissay Asset Management Corp Japan ADV grew its position in shares of CSX Co. (NASDAQ:CSX - Free Report) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 433,270 shares of the transportation company's stock after buying an additional 17,933 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in CSX were worth $14,064,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC grew its stake in CSX by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 41,633,333 shares of the transportation company's stock worth $1,339,555,000 after acquiring an additional 726,507 shares during the period. Invesco Ltd. lifted its position in CSX by 13.5% during the fourth quarter. Invesco Ltd. now owns 25,103,077 shares of the transportation company's stock worth $810,076,000 after buying an additional 2,977,212 shares during the period. Fisher Asset Management LLC boosted its stake in CSX by 1.2% in the 4th quarter. Fisher Asset Management LLC now owns 24,956,467 shares of the transportation company's stock worth $805,345,000 after buying an additional 299,536 shares during the last quarter. Norges Bank acquired a new position in shares of CSX during the 4th quarter valued at about $780,194,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of CSX by 40.5% in the 4th quarter. Bank of New York Mellon Corp now owns 23,350,087 shares of the transportation company's stock valued at $753,507,000 after purchasing an additional 6,730,316 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the company. Argus set a $32.00 price objective on CSX in a report on Friday, April 25th. Benchmark reiterated a "buy" rating and issued a $35.00 price objective on shares of CSX in a report on Thursday, April 17th. Raymond James reissued an "outperform" rating and set a $33.00 target price (down previously from $34.00) on shares of CSX in a report on Thursday, April 17th. Citigroup decreased their price target on CSX from $39.00 to $36.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Jefferies Financial Group cut their price objective on CSX from $37.00 to $33.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $33.90.
Get Our Latest Stock Analysis on CSX
CSX Stock Down 0.2%
CSX stock traded down $0.07 during mid-day trading on Tuesday, hitting $31.15. The stock had a trading volume of 3,393,459 shares, compared to its average volume of 12,805,144. CSX Co. has a 1-year low of $26.22 and a 1-year high of $37.10. The company has a fifty day moving average of $28.84 and a 200 day moving average of $31.74. 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 stock has a market capitalization of $58.51 billion, a price-to-earnings ratio of 17.41, a PEG ratio of 1.92 and a beta of 1.22.
CSX (NASDAQ:CSX - Get Free Report) last posted its earnings results 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). CSX had a net margin of 23.95% and a return on equity of 28.15%. The company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.53 billion. On average, equities analysts expect that CSX Co. will post 1.83 EPS for the current fiscal year.
CSX Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Friday, May 30th. CSX's dividend payout ratio (DPR) is currently 31.14%.
About CSX
(
Free Report)
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.
See Also
Before you consider CSX, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CSX wasn't on the list.
While CSX currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
