CSX Co. (NASDAQ:CSX) Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC increased its position in shares of CSX Co. (NASDAQ:CSX - Free Report) by 19.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,499,790 shares of the transportation company's stock after acquiring an additional 398,730 shares during the quarter. ProShare Advisors LLC owned about 0.13% of CSX worth $80,668,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CSX. Quantinno Capital Management LP increased its holdings in shares of CSX by 29.6% in the fourth quarter. Quantinno Capital Management LP now owns 189,712 shares of the transportation company's stock valued at $6,122,000 after purchasing an additional 43,384 shares during the period. Mufg Securities Americas Inc. acquired a new stake in CSX in the fourth quarter valued at approximately $919,000. Malaga Cove Capital LLC lifted its position in shares of CSX by 37.9% in the fourth quarter. Malaga Cove Capital LLC now owns 20,996 shares of the transportation company's stock valued at $678,000 after acquiring an additional 5,775 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its position in shares of CSX by 4.3% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 433,270 shares of the transportation company's stock valued at $14,064,000 after acquiring an additional 17,933 shares in the last quarter. Finally, NorthRock Partners LLC lifted its position in CSX by 133.5% during the fourth quarter. NorthRock Partners LLC now owns 17,306 shares of the transportation company's stock worth $558,000 after buying an additional 9,896 shares in the last quarter. Institutional investors own 73.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CSX shares. Argus set a $32.00 target price on CSX in a research report on Friday, April 25th. Robert W. Baird dropped their price objective on CSX from $39.00 to $38.00 and set an "outperform" rating for the company in a research note on Friday, January 24th. BMO Capital Markets lowered their target price on CSX from $36.00 to $35.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. Evercore ISI reduced their target price on CSX from $35.00 to $33.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. Finally, Jefferies Financial Group reduced their price objective on CSX from $37.00 to $33.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $33.90.

CSX Trading Down 1.1%

Shares of CSX stock traded down $0.34 during trading hours on Wednesday, reaching $30.90. 5,692,404 shares of the company's stock were exchanged, compared to its average volume of 12,842,477. 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 firm has a market capitalization of $58.04 billion, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 1.92 and a beta of 1.22. The company has a fifty day moving average of $28.88 and a 200-day moving average of $31.73. CSX Co. has a 52-week low of $26.22 and a 52-week high of $37.10.

CSX (NASDAQ:CSX - Get Free Report) last issued 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). The firm had revenue of $3.42 billion during the quarter, compared to analysts' expectations of $3.53 billion. CSX had a return on equity of 28.15% and a net margin of 23.95%. Sell-side analysts forecast that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.52 annualized dividend and a yield of 1.68%. CSX's dividend payout ratio is currently 31.14%.

About CSX

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.