OMERS ADMINISTRATION Corp Grows Holdings in CSX Co. (NASDAQ:CSX)

OMERS ADMINISTRATION Corp grew its holdings in CSX Co. (NASDAQ:CSX - Free Report) by 20.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 82,555 shares of the transportation company's stock after purchasing an additional 13,880 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in CSX were worth $2,664,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CSX. Joel Isaacson & Co. LLC grew its stake in CSX by 2.4% in the fourth quarter. Joel Isaacson & Co. LLC now owns 13,036 shares of the transportation company's stock valued at $421,000 after purchasing an additional 310 shares during the last quarter. Patrick M Sweeney & Associates Inc. grew its position in shares of CSX by 1.0% in the 4th quarter. Patrick M Sweeney & Associates Inc. now owns 31,827 shares of the transportation company's stock worth $1,027,000 after buying an additional 313 shares during the last quarter. West Branch Capital LLC grew its position in shares of CSX by 3.3% in the 4th quarter. West Branch Capital LLC now owns 10,317 shares of the transportation company's stock worth $333,000 after buying an additional 332 shares during the last quarter. Alhambra Investment Management LLC raised its stake in shares of CSX by 4.3% during the 4th quarter. Alhambra Investment Management LLC now owns 8,292 shares of the transportation company's stock worth $268,000 after acquiring an additional 342 shares in the last quarter. Finally, Trust Point Inc. lifted its position in CSX by 2.6% during the fourth quarter. Trust Point Inc. now owns 13,722 shares of the transportation company's stock valued at $443,000 after acquiring an additional 344 shares during the last quarter. Institutional investors own 73.57% of the company's stock.

CSX Stock Performance

Shares of NASDAQ:CSX traded up $0.02 during midday trading on Friday, reaching $31.32. The company's stock had a trading volume of 11,393,691 shares, compared to its average volume of 12,850,809. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. The stock has a fifty day moving average of $28.81 and a 200 day moving average of $31.77. CSX Co. has a twelve month low of $26.22 and a twelve month high of $37.10. The firm has a market capitalization of $58.84 billion, a PE ratio of 17.50, a P/E/G ratio of 1.92 and a beta of 1.22.

CSX (NASDAQ:CSX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The transportation company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). The business had revenue of $3.42 billion during the quarter, compared to analysts' expectations of $3.53 billion. CSX had a net margin of 23.95% and a return on equity of 28.15%. On average, equities analysts expect that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.13 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.66%. CSX's payout ratio is 31.14%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Raymond James reaffirmed an "outperform" rating and issued a $33.00 price target (down from $34.00) on shares of CSX in a report on Thursday, April 17th. Deutsche Bank Aktiengesellschaft started coverage on CSX in a research note on Friday, March 7th. They set a "hold" rating and a $34.00 target price on the stock. UBS Group decreased their price target on CSX from $36.00 to $34.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Stephens restated an "overweight" rating and set a $38.00 price target on shares of CSX in a research note on Friday, January 24th. Finally, BMO Capital Markets cut their price objective on shares of CSX from $36.00 to $35.00 and set an "outperform" rating on the stock in a report 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, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.