MML Investors Services LLC Increases Stock Position in CSX Co. (NASDAQ:CSX)

MML Investors Services LLC increased its holdings in shares of CSX Co. (NASDAQ:CSX) by 3.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 534,116 shares of the transportation company’s stock after purchasing an additional 18,384 shares during the period. MML Investors Services LLC’s holdings in CSX were worth $17,236,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP grew its holdings in shares of CSX by 14.7% during the fourth quarter. Wellington Management Group LLP now owns 117,579 shares of the transportation company’s stock worth $3,794,000 after buying an additional 15,029 shares during the last quarter. Diversified Trust Co grew its stake in shares of CSX by 180.7% in the 4th quarter. Diversified Trust Co now owns 72,197 shares of the transportation company’s stock valued at $2,330,000 after purchasing an additional 46,473 shares during the last quarter. Marshall Financial Group LLC purchased a new stake in shares of CSX during the fourth quarter worth approximately $1,084,000. Carnegie Investment Counsel lifted 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 purchasing an additional 8,474 shares during the period. Finally, Waycross Partners LLC grew 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 valued at $19,990,000 after buying an additional 40,611 shares during the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Trading Down 0.8 %

Shares of CSX opened at $27.46 on Tuesday. The company has a market capitalization of $51.76 billion, a PE ratio of 15.34, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. CSX Co. has a fifty-two week low of $26.22 and a fifty-two week high of $37.10. The stock has a fifty day moving average of $29.96 and a two-hundred day moving average of $32.43.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 EPS 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 company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.53 billion. As a group, analysts forecast that CSX Co. will post 1.83 EPS for the current year.

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.13 per share. The ex-dividend date was Friday, February 28th. This is a boost from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 1.89%. CSX’s payout ratio is currently 31.14%.

Wall Street Analysts Forecast Growth

CSX has been the topic of several analyst reports. 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 report on Friday, January 24th. UBS Group cut their target price on CSX from $36.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Stifel Nicolaus decreased their price target on CSX from $37.00 to $34.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Evercore ISI cut their price objective on CSX from $35.00 to $33.00 and set an “outperform” rating for the company in a research report on Thursday, April 17th. Finally, Raymond James restated an “outperform” rating and set a $33.00 target price (down from $34.00) on shares of CSX in a research report on Thursday, April 17th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $33.95.

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.