Vectors Research Management LLC acquired a new stake in CSX Co. (NASDAQ:CSX) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,002 shares of the transportation company’s stock, valued at approximately $91,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of CSX. BLB&B Advisors LLC boosted its position in shares of CSX by 5.7% during the fourth quarter. BLB&B Advisors LLC now owns 96,981 shares of the transportation company’s stock worth $8,801,000 after buying an additional 5,260 shares during the period. Raymond James Trust N.A. boosted its holdings in CSX by 75.5% during the fourth quarter. Raymond James Trust N.A. now owns 27,809 shares of the transportation company’s stock worth $2,524,000 after purchasing an additional 11,961 shares during the last quarter. Grandview Asset Management LLC grew its position in CSX by 309.2% in the fourth quarter. Grandview Asset Management LLC now owns 19,795 shares of the transportation company’s stock valued at $1,796,000 after purchasing an additional 14,957 shares in the last quarter. Schwab Charitable Fund acquired a new stake in CSX in the 4th quarter valued at $5,871,000. Finally, Clearview Wealth Advisors LLC bought a new stake in CSX during the 4th quarter worth about $33,000. 73.75% of the stock is owned by institutional investors and hedge funds.
Several analysts recently issued reports on the company. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their target price on CSX from $87.00 to $105.00 in a report on Monday, January 11th. Raymond James increased their price objective on CSX from $87.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, January 15th. Deutsche Bank Aktiengesellschaft upped their price target on shares of CSX from $97.00 to $105.00 and gave the stock a “buy” rating in a research report on Monday, November 30th. Credit Suisse Group decreased their price objective on shares of CSX from $114.00 to $113.00 and set an “outperform” rating for the company in a research report on Friday, January 22nd. Finally, UBS Group upped their target price on shares of CSX from $95.00 to $102.00 and gave the company a “buy” rating in a report on Friday, January 22nd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $88.63.
CSX (NASDAQ:CSX) last posted its quarterly earnings data on Wednesday, January 20th. The transportation company reported $1.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.04. CSX had a net margin of 26.08% and a return on equity of 22.83%. The business had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.75 billion. During the same quarter in the prior year, the business posted $0.99 earnings per share. On average, research analysts predict that CSX Co. will post 3.61 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 15th. Stockholders of record on Friday, February 26th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Thursday, February 25th. This is an increase from CSX’s previous quarterly dividend of $0.26. CSX’s dividend payout ratio is 24.94%.
CSX Company 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 transports chemicals, automotive, agricultural and food products, minerals, fertilizers, forest products, 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.
See Also: After-Hours Trading
Want to see what other hedge funds are holding CSX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CSX Co. (NASDAQ:CSX).
Receive News & Ratings for CSX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSX and related companies with MarketBeat.com's FREE daily email newsletter.