Deutsche Bank AG Buys 473,476 Shares of CSX Co. (NASDAQ:CSX)

Deutsche Bank AG lifted its position in CSX Co. (NASDAQ:CSX) by 6.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 8,087,257 shares of the transportation company’s stock after purchasing an additional 473,476 shares during the quarter. Deutsche Bank AG owned 0.42% of CSX worth $260,976,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of CSX during the fourth quarter worth $27,000. Accredited Wealth Management LLC acquired a new stake in shares of CSX in the fourth quarter valued at approximately $29,000. SBI Securities Co. Ltd. bought a new stake in shares of CSX during the fourth quarter worth $31,000. Sierra Ocean LLC bought a new stake in CSX during the 4th quarter worth about $33,000. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its holdings in CSX by 219.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,040 shares of the transportation company’s stock valued at $34,000 after buying an additional 714 shares during the period. Institutional investors own 73.57% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on CSX shares. Evercore ISI dropped their target price on shares of CSX from $35.00 to $33.00 and set an “outperform” rating for the company in a research report on Thursday, April 17th. UBS Group cut their target price on CSX from $36.00 to $34.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Deutsche Bank Aktiengesellschaft assumed coverage on CSX in a research note on Friday, March 7th. They issued a “hold” rating and a $34.00 price target for the company. JPMorgan Chase & Co. decreased their price objective on shares of CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Finally, Susquehanna reduced their price target on shares of CSX from $37.00 to $35.00 and set a “positive” rating on the stock in a research report on Thursday, April 17th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $33.86.

CSX Trading Up 2.0 %

NASDAQ CSX opened at $28.95 on Friday. 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 company has a market cap of $54.38 billion, a price-to-earnings ratio of 16.17, a price-to-earnings-growth ratio of 1.92 and a beta of 1.22. CSX Co. has a twelve month low of $26.22 and a twelve month high of $37.10. The business’s fifty day moving average is $28.83 and its 200 day moving average is $31.90.

CSX (NASDAQ:CSX) last issued its quarterly earnings data 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 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 the consensus estimate of $3.53 billion. As a group, sell-side analysts expect that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Friday, May 30th. CSX’s dividend payout ratio (DPR) is presently 31.14%.

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.