MTM Investment Management LLC Has $2.23 Million Position in CSX Co. (NASDAQ:CSX)

MTM Investment Management LLC lowered its stake in shares of CSX Co. (NASDAQ:CSX) by 1.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,090 shares of the transportation company’s stock after selling 700 shares during the period. CSX comprises about 0.9% of MTM Investment Management LLC’s investment portfolio, making the stock its 29th biggest holding. MTM Investment Management LLC’s holdings in CSX were worth $2,230,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. State Street Corp lifted its stake in shares of CSX by 0.6% in the 3rd quarter. State Street Corp now owns 82,250,713 shares of the transportation company’s stock valued at $2,840,117,000 after purchasing an additional 455,258 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of CSX by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 40,906,826 shares of the transportation company’s stock valued at $1,407,087,000 after purchasing an additional 190,346 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of CSX by 3.6% in the 3rd quarter. Fisher Asset Management LLC now owns 24,656,931 shares of the transportation company’s stock valued at $851,404,000 after purchasing an additional 857,302 shares during the last quarter. FMR LLC lifted its stake in shares of CSX by 10.2% in the 3rd quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock valued at $539,112,000 after purchasing an additional 1,447,651 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of CSX by 6.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,745,972 shares of the transportation company’s stock valued at $440,118,000 after purchasing an additional 737,221 shares during the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Trading Down 0.6 %

Shares of NASDAQ CSX opened at $32.92 on Thursday. The company’s 50 day simple moving average is $32.82 and its 200 day simple moving average is $33.84. CSX Co. has a fifty-two week low of $31.43 and a fifty-two week high of $40.12. The firm has a market capitalization of $63.48 billion, a P/E ratio of 18.39, a P/E/G ratio of 1.91 and a beta of 1.23. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. On average, analysts predict that CSX Co. will post 1.86 EPS for the current year.

CSX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.58%. This is an increase from CSX’s previous quarterly dividend of $0.12. CSX’s dividend payout ratio is presently 26.82%.

Analyst Ratings Changes

CSX has been the subject of a number of research analyst reports. Robert W. Baird cut their target price on shares of CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, January 24th. Raymond James reissued an “outperform” rating and issued a $37.00 target price (down previously from $38.00) on shares of CSX in a research note on Friday, January 24th. Loop Capital cut shares of CSX from a “buy” rating to a “hold” rating and lowered their target price for the company from $40.00 to $34.00 in a research note on Monday, February 3rd. Royal Bank of Canada lowered their target price on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research note on Friday, January 24th. Finally, Evercore ISI lowered their target price on shares of CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.16.

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.