Occudo Quantitative Strategies LP Has $3.89 Million Stock Position in CSX Co. (NASDAQ:CSX)

Occudo Quantitative Strategies LP boosted its stake in shares of CSX Co. (NASDAQ:CSX - Free Report) by 926.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 120,399 shares of the transportation company's stock after purchasing an additional 108,670 shares during the period. CSX comprises approximately 0.7% of Occudo Quantitative Strategies LP's holdings, making the stock its 17th largest position. Occudo Quantitative Strategies LP's holdings in CSX were worth $3,885,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in CSX by 14.7% in the fourth quarter. Wellington Management Group LLP now owns 117,579 shares of the transportation company's stock valued at $3,794,000 after acquiring an additional 15,029 shares during the last quarter. Marshall Financial Group LLC bought a new position in shares of CSX during the 4th quarter valued at $1,084,000. Carnegie Investment Counsel lifted its stake in shares of CSX by 1.4% in the 4th quarter. Carnegie Investment Counsel now owns 612,051 shares of the transportation company's stock valued at $19,751,000 after purchasing an additional 8,474 shares during the last quarter. Waycross Partners LLC boosted its holdings in CSX by 7.0% in the fourth quarter. Waycross Partners LLC now owns 619,471 shares of the transportation company's stock worth $19,990,000 after purchasing an additional 40,611 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in CSX by 1.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,061,143 shares of the transportation company's stock worth $34,243,000 after purchasing an additional 20,073 shares in the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Stock Performance

CSX stock traded up $0.02 during trading on Friday, reaching $31.32. 11,393,691 shares of the stock were exchanged, compared to its average volume of 12,850,809. CSX Co. has a twelve month low of $26.22 and a twelve month high of $37.10. The company has a market capitalization of $58.84 billion, a P/E ratio of 17.50, a price-to-earnings-growth ratio of 1.92 and a beta of 1.22. The stock has a 50 day simple moving average of $28.81 and a 200-day simple moving average of $31.77. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX - Get Free Report) last released its earnings results 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). CSX had a return on equity of 28.15% and a net margin of 23.95%. The firm had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.53 billion. As a group, sell-side analysts anticipate that CSX Co. will post 1.83 earnings per share for the current year.

CSX Announces Dividend

The company 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 1.66%. The ex-dividend date of this dividend is Friday, May 30th. CSX's dividend payout ratio (DPR) is presently 31.14%.

Analysts Set New Price Targets

Several research firms have weighed in on CSX. Deutsche Bank Aktiengesellschaft began coverage on CSX in a report on Friday, March 7th. They set a "hold" rating and a $34.00 target price on the stock. Stifel Nicolaus cut their target price on CSX from $37.00 to $34.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Raymond James restated an "outperform" rating and set a $33.00 target price (down from $34.00) on shares of CSX in a report on Thursday, April 17th. Evercore ISI cut their target price on CSX from $35.00 to $33.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. Finally, Loop Capital lowered CSX from a "buy" rating to a "hold" rating and cut their target price for the company from $40.00 to $34.00 in a report on Monday, February 3rd. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $33.90.

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.