Asset Management One Co. Ltd. Grows Stock Holdings in CSX Co. (NASDAQ:CSX)

Asset Management One Co. Ltd. raised its position in shares of CSX Co. (NASDAQ:CSX) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 752,788 shares of the transportation company’s stock after buying an additional 22,971 shares during the quarter. Asset Management One Co. Ltd.’s holdings in CSX were worth $24,435,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Buckhead Capital Management LLC purchased a new stake in shares of CSX during the fourth quarter valued at about $2,338,000. Life Planning Partners Inc purchased a new stake in shares of CSX during the fourth quarter valued at about $780,000. Hemington Wealth Management lifted its position in shares of CSX by 14.6% during the fourth quarter. Hemington Wealth Management now owns 2,865 shares of the transportation company’s stock valued at $92,000 after buying an additional 365 shares during the last quarter. Castle Wealth Management LLC lifted its position in shares of CSX by 6.8% during the fourth quarter. Castle Wealth Management LLC now owns 22,089 shares of the transportation company’s stock valued at $713,000 after buying an additional 1,413 shares during the last quarter. Finally, Naples Global Advisors LLC lifted its position in shares of CSX by 3.2% during the fourth quarter. Naples Global Advisors LLC now owns 99,177 shares of the transportation company’s stock valued at $3,200,000 after buying an additional 3,031 shares during the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CSX has been the subject of several research analyst reports. 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 research report on Friday, January 24th. Royal Bank of Canada decreased their price objective on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a research report on Friday, January 24th. Robert W. Baird decreased their price objective 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. Stephens reaffirmed an “overweight” rating and issued a $38.00 price objective on shares of CSX in a research report on Friday, January 24th. Finally, BMO Capital Markets decreased their price objective on shares of CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, January 24th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, CSX has an average rating of “Moderate Buy” and an average price target of $37.16.

CSX Price Performance

Shares of NASDAQ CSX opened at $33.37 on Friday. The stock has a market capitalization of $64.35 billion, a price-to-earnings ratio of 18.64, a PEG ratio of 1.91 and a beta of 1.23. CSX Co. has a 12 month low of $31.43 and a 12 month high of $40.12. The firm’s 50 day simple moving average is $32.74 and its 200-day simple moving average is $33.83. 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 issued its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. Analysts expect that CSX Co. will post 1.86 EPS for the current year.

CSX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.13 per share. This is a boost from CSX’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.56%. CSX’s dividend payout ratio (DPR) is presently 29.05%.

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.