Quantinno Capital Management LP Acquires 43,384 Shares of CSX Co. (NASDAQ:CSX)

Quantinno Capital Management LP boosted its holdings in CSX Co. (NASDAQ:CSX) by 29.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 189,712 shares of the transportation company’s stock after purchasing an additional 43,384 shares during the period. Quantinno Capital Management LP’s holdings in CSX were worth $6,122,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Joel Isaacson & Co. LLC grew its stake in CSX by 2.4% during the fourth quarter. Joel Isaacson & Co. LLC now owns 13,036 shares of the transportation company’s stock worth $421,000 after buying an additional 310 shares during the last quarter. Patrick M Sweeney & Associates Inc. grew its stake in CSX by 1.0% during the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 31,827 shares of the transportation company’s stock worth $1,027,000 after buying an additional 313 shares during the last quarter. West Branch Capital LLC grew its stake in CSX by 3.3% during the fourth quarter. West Branch Capital LLC now owns 10,317 shares of the transportation company’s stock worth $333,000 after buying an additional 332 shares during the last quarter. Alhambra Investment Management LLC grew its stake in shares of CSX by 4.3% during the fourth quarter. Alhambra Investment Management LLC now owns 8,292 shares of the transportation company’s stock valued at $268,000 after purchasing an additional 342 shares during the last quarter. Finally, Trust Point Inc. grew its stake in shares of CSX by 2.6% during the fourth quarter. Trust Point Inc. now owns 13,722 shares of the transportation company’s stock valued at $443,000 after purchasing an additional 344 shares during the last quarter. Institutional investors own 73.57% of the company’s stock.

CSX Trading Up 0.1%

Shares of NASDAQ CSX opened at $31.32 on Friday. The company’s 50 day simple moving average is $28.81 and its 200 day simple moving average is $31.78. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. The firm has a market capitalization of $58.84 billion, a P/E ratio of 17.50, a P/E/G ratio of 1.92 and a beta of 1.22. CSX Co. has a fifty-two week low of $26.22 and a fifty-two week high of $37.10.

CSX (NASDAQ:CSX) last posted its earnings results on Wednesday, April 16th. The transportation company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.05). The firm had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.53 billion. CSX had a return on equity of 28.15% and a net margin of 23.95%. On average, analysts predict that CSX Co. will post 1.83 EPS for the current year.

CSX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.52 annualized dividend and a yield of 1.66%. CSX’s dividend payout ratio (DPR) is presently 31.14%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. UBS Group decreased their price target on shares of CSX from $36.00 to $34.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Benchmark reissued a “buy” rating and set a $35.00 price target on shares of CSX in a research note on Thursday, April 17th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of CSX in a research note on Friday, March 7th. They set a “hold” rating and a $34.00 price target on the stock. BMO Capital Markets decreased their price target on shares of CSX from $36.00 to $35.00 and set an “outperform” rating on the stock in a research note on Thursday, April 17th. Finally, Wells Fargo & Company decreased their price target on shares of CSX from $31.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 17th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.90.

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.