CSX Co. (NASDAQ:CSX) Position Boosted by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC raised its holdings in shares of CSX Co. (NASDAQ:CSX) by 11.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,136 shares of the transportation company’s stock after acquiring an additional 1,873 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in CSX were worth $585,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Banco Santander S.A. purchased a new stake in shares of CSX during the 4th quarter worth about $424,000. RKL Wealth Management LLC bought a new position in CSX during the fourth quarter valued at approximately $494,000. Oak Hill Wealth Advisors LLC lifted its stake in CSX by 220.6% in the fourth quarter. Oak Hill Wealth Advisors LLC now owns 7,930 shares of the transportation company’s stock valued at $256,000 after acquiring an additional 14,505 shares during the last quarter. Callan Family Office LLC acquired a new position in shares of CSX during the 4th quarter worth $839,000. Finally, E Fund Management Co. Ltd. increased its stake in shares of CSX by 30.8% during the 4th quarter. E Fund Management Co. Ltd. now owns 27,475 shares of the transportation company’s stock worth $887,000 after purchasing an additional 6,470 shares during the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Trading Up 1.1 %

Shares of CSX opened at $31.26 on Monday. CSX Co. has a 12-month low of $30.55 and a 12-month high of $38.35. 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 firm has a market capitalization of $59.23 billion, a price-to-earnings ratio of 17.46, a P/E/G ratio of 1.92 and a beta of 1.25. The stock’s 50-day moving average price is $32.48 and its 200 day moving average price is $33.62.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) 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%. As a group, research analysts predict that CSX Co. will post 1.83 earnings per share for the current year.

CSX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.66%. This is a positive change from CSX’s previous quarterly dividend of $0.12. The ex-dividend date is Friday, February 28th. CSX’s payout ratio is currently 29.05%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CSX. Stephens reiterated an “overweight” rating and issued a $38.00 price objective on shares of CSX in a report on Friday, January 24th. BMO Capital Markets decreased their price target on CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, January 24th. JPMorgan Chase & Co. cut their price objective on CSX from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Loop Capital cut CSX from a “buy” rating to a “hold” rating and decreased their target price for the stock from $40.00 to $34.00 in a research report on Monday, February 3rd. Finally, Barclays dropped their price target on shares of CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $37.00.

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.