Sculptor Capital LP Acquires New Stake in CSX Co. (NASDAQ:CSX)

Sculptor Capital LP bought a new stake in shares of CSX Co. (NASDAQ:CSX - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 284,000 shares of the transportation company's stock, valued at approximately $9,165,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Wellington Management Group LLP lifted its position in shares of CSX by 14.7% during the 4th 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 purchased a new stake in shares of CSX in the fourth quarter valued at $1,084,000. Carnegie Investment Counsel raised its holdings in shares of CSX by 1.4% during the fourth quarter. Carnegie Investment Counsel now owns 612,051 shares of the transportation company's stock worth $19,751,000 after acquiring an additional 8,474 shares in the last quarter. Waycross Partners LLC increased its position in CSX by 7.0% in the 4th 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 during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in CSX by 1.9% in the 4th 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 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 analysts have commented on CSX shares. Robert W. Baird lowered their target price on shares of CSX from $39.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, January 24th. Royal Bank of Canada decreased their target price on CSX from $31.00 to $30.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 17th. Wells Fargo & Company decreased their price objective on CSX from $31.00 to $28.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Susquehanna reduced their target price on CSX from $37.00 to $35.00 and set a "positive" rating on the stock in a report on Thursday, April 17th. Finally, Benchmark restated a "buy" rating and issued a $35.00 price objective on shares of CSX in a research report on Thursday, April 17th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $33.90.

CSX Stock Performance

CSX stock traded up $0.02 during mid-day trading on Tuesday, hitting $31.23. 14,966,093 shares of the company were exchanged, compared to its average volume of 12,870,293. CSX Co. has a 1-year low of $26.22 and a 1-year high of $37.10. 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 business has a 50 day simple moving average of $28.84 and a 200-day simple moving average of $31.74. The stock has a market capitalization of $58.67 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 1.92 and a beta of 1.22.

CSX (NASDAQ:CSX - Get Free Report) last released its quarterly 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 net margin of 23.95% and a return on equity of 28.15%. The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.53 billion. On average, equities analysts forecast that CSX Co. will post 1.83 earnings per share for the current year.

CSX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.52 annualized dividend and a dividend yield of 1.67%. CSX's dividend payout ratio (DPR) 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.