CSX Co. (NASDAQ:CSX) Shares Bought by Northern Trust Corp

Northern Trust Corp increased its holdings in CSX Co. (NASDAQ:CSX - Free Report) by 13.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,097,789 shares of the transportation company's stock after purchasing an additional 2,550,929 shares during the quarter. Northern Trust Corp owned 1.09% of CSX worth $680,826,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in CSX. Marshall & Sterling Wealth Advisors Inc. bought a new stake in CSX during the 4th quarter valued at approximately $27,000. SBI Securities Co. Ltd. purchased a new stake in CSX in the fourth quarter worth $31,000. Sierra Ocean LLC bought a new position in CSX in the fourth quarter worth $33,000. Kayne Anderson Rudnick Investment Management LLC lifted its position in CSX by 219.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,040 shares of the transportation company's stock valued at $34,000 after buying an additional 714 shares during the period. Finally, Center for Financial Planning Inc. boosted its holdings in shares of CSX by 205.7% during the 4th quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company's stock valued at $35,000 after buying an additional 720 shares in the last quarter. 73.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CSX shares. Citigroup cut their price objective on shares of CSX from $39.00 to $36.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Argus set a $32.00 price objective on CSX in a research note on Friday, April 25th. Robert W. Baird cut their target price on CSX from $39.00 to $38.00 and set an "outperform" rating on the stock in a research note on Friday, January 24th. Stifel Nicolaus lowered their price target on CSX from $37.00 to $34.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Wells Fargo & Company reduced their price objective on shares of CSX from $31.00 to $28.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, CSX currently has an average rating of "Moderate Buy" and an average target price of $33.86.

CSX Stock Up 2.1 %

NASDAQ CSX traded up $0.59 during midday trading on Friday, hitting $28.70. 11,525,727 shares of the company traded hands, compared to its average volume of 12,691,007. The company has a market cap of $53.91 billion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. CSX Co. has a 52 week low of $26.22 and a 52 week high of $37.10. The company's 50-day simple moving average is $29.18 and its 200-day simple moving average is $32.10.

CSX (NASDAQ:CSX - Get Free Report) last posted its earnings results on Wednesday, April 16th. The transportation company reported $0.34 earnings per share (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 company had revenue of $3.42 billion during the quarter, compared to analysts' expectations of $3.53 billion. As a group, equities research analysts forecast that CSX Co. will post 1.83 earnings per share for the current year.

CSX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.13 per share. The ex-dividend date was Friday, February 28th. This is an increase from CSX's previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.81%. CSX's dividend payout ratio is presently 31.14%.

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.