CSX Corporation (NASDAQ:CSX) Stake Boosted by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its stake in CSX Corporation (NASDAQ:CSX) by 5.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 795,931 shares of the transportation company’s stock after purchasing an additional 43,143 shares during the quarter. Asset Management One Co. Ltd.’s holdings in CSX were worth $23,424,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. GHP Investment Advisors Inc. grew its stake in CSX by 0.7% during the 1st quarter. GHP Investment Advisors Inc. now owns 341,963 shares of the transportation company’s stock valued at $10,064,000 after acquiring an additional 2,510 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in CSX by 8.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 260,767 shares of the transportation company’s stock valued at $7,674,000 after acquiring an additional 21,360 shares in the last quarter. Brown Lisle Cummings Inc. grew its stake in CSX by 368.1% during the 1st quarter. Brown Lisle Cummings Inc. now owns 34,802 shares of the transportation company’s stock valued at $1,024,000 after acquiring an additional 27,368 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund grew its stake in CSX by 56.2% during the 1st quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 56,061 shares of the transportation company’s stock valued at $1,650,000 after acquiring an additional 20,164 shares in the last quarter. Finally, Intact Investment Management Inc. purchased a new position in CSX during the 1st quarter valued at about $6,283,000. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Stock Performance

Shares of NASDAQ CSX opened at $32.49 on Thursday. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 1.52. The business’s 50 day moving average is $30.44 and its two-hundred day moving average is $31.08. The company has a market cap of $61.03 billion, a P/E ratio of 19.46, a P/E/G ratio of 2.85 and a beta of 1.24. CSX Corporation has a 12 month low of $26.22 and a 12 month high of $37.10.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Wednesday, April 16th. The transportation company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.53 billion. CSX had a return on equity of 26.42% and a net margin of 22.66%. On average, equities analysts expect that CSX Corporation will post 1.83 EPS for the current year.

CSX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.60%. The ex-dividend date was Friday, May 30th. CSX’s dividend payout ratio is currently 31.14%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CSX. Stifel Nicolaus reduced their price target on CSX from $37.00 to $34.00 and set a “buy” rating for the company in a report on Monday, April 14th. UBS Group reduced their price target on CSX from $36.00 to $34.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Wells Fargo & Company reduced their price target on CSX from $31.00 to $28.00 and set an “equal weight” rating for the company in a report on Thursday, April 17th. Bank of America lifted their price target on CSX from $33.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, June 13th. Finally, Deutsche Bank Aktiengesellschaft began coverage on CSX in a report on Friday, March 7th. They set a “hold” rating and a $34.00 price target for the company. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $34.14.

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.