Sig Brokerage LP Acquires Shares of 32,952 CSX Co. (NASDAQ:CSX)

Sig Brokerage LP bought a new position in CSX Co. (NASDAQ:CSX - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 32,952 shares of the transportation company's stock, valued at approximately $1,063,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in shares of CSX in the 4th quarter valued at about $780,194,000. Ameriprise Financial Inc. boosted its holdings in CSX by 89.7% during the fourth quarter. Ameriprise Financial Inc. now owns 20,856,567 shares of the transportation company's stock valued at $673,025,000 after acquiring an additional 9,863,587 shares during the period. Bank of New York Mellon Corp boosted its position in shares of CSX by 40.5% in the fourth quarter. Bank of New York Mellon Corp now owns 23,350,087 shares of the transportation company's stock valued at $753,507,000 after acquiring an additional 6,730,316 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its position in CSX by 471.9% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,748,661 shares of the transportation company's stock worth $217,808,000 after acquiring an additional 5,568,624 shares during the period. Finally, Fiduciary Management Inc. WI bought a new position in shares of CSX during the 4th quarter worth about $178,259,000. Institutional investors and hedge funds own 73.57% of the company's stock.

CSX Stock Performance

CSX traded down $0.64 during trading hours on Wednesday, reaching $30.59. The company's stock had a trading volume of 6,455,361 shares, compared to its average volume of 12,846,229. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. The company's 50-day moving average is $28.88 and its 200-day moving average is $31.73. CSX Co. has a 52 week low of $26.22 and a 52 week high of $37.10. The firm has a market cap of $57.46 billion, a PE ratio of 17.12, a price-to-earnings-growth ratio of 1.92 and a beta of 1.22.

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 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 company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.53 billion. On average, equities analysts forecast that CSX Co. will post 1.83 EPS for the current year.

CSX Dividend Announcement

The company also recently disclosed 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. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Friday, May 30th. CSX's dividend payout ratio is presently 31.14%.

Analyst Ratings Changes

CSX has been the subject of a number of analyst reports. Susquehanna cut their price target on shares of CSX from $37.00 to $35.00 and set a "positive" rating for the company in a research note on Thursday, April 17th. Evercore ISI decreased their price target on CSX from $35.00 to $33.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. Royal Bank of Canada dropped their price objective on CSX from $31.00 to $30.00 and set a "sector perform" rating for the company in a research note on Thursday, April 17th. Bank of America upped their target price on shares of CSX from $30.00 to $31.00 and gave the stock a "neutral" rating in a report on Monday, May 12th. Finally, JPMorgan Chase & Co. reduced their price target on shares of CSX from $38.00 to $37.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $33.90.

CSX 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.