CSX Co. (NASDAQ:CSX) Stock Holdings Lifted by Bessemer Group Inc.

Bessemer Group Inc. lifted its stake in shares of CSX Co. (NASDAQ:CSX) by 49.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 117,154 shares of the transportation company’s stock after acquiring an additional 38,560 shares during the quarter. Bessemer Group Inc.’s holdings in CSX were worth $4,343,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Wellington Management Group LLP lifted its position in shares of CSX by 27.4% during the 3rd quarter. Wellington Management Group LLP now owns 83,800 shares of the transportation company’s stock worth $2,577,000 after purchasing an additional 18,043 shares during the last quarter. Mutual Advisors LLC lifted its position in shares of CSX by 21.8% during the 4th quarter. Mutual Advisors LLC now owns 11,176 shares of the transportation company’s stock worth $387,000 after purchasing an additional 2,000 shares during the last quarter. Raymond James & Associates lifted its position in shares of CSX by 6.2% during the 4th quarter. Raymond James & Associates now owns 1,682,049 shares of the transportation company’s stock worth $58,317,000 after purchasing an additional 97,505 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of CSX by 1.5% during the 4th quarter. Pacer Advisors Inc. now owns 225,042 shares of the transportation company’s stock worth $7,802,000 after purchasing an additional 3,226 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC acquired a new position in shares of CSX during the 4th quarter worth about $255,000. Institutional investors own 73.57% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CSX. Sanford C. Bernstein boosted their price objective on CSX from $35.00 to $36.00 and gave the stock a “market perform” rating in a research report on Monday, July 8th. Benchmark reaffirmed a “buy” rating and issued a $40.00 price target on shares of CSX in a report on Thursday, April 18th. Royal Bank of Canada cut their price target on CSX from $37.00 to $36.00 and set a “sector perform” rating for the company in a report on Thursday, April 18th. Susquehanna cut their price target on CSX from $44.00 to $40.00 and set a “positive” rating for the company in a report on Tuesday, June 25th. Finally, Stifel Nicolaus upped their price target on CSX from $37.00 to $39.00 and gave the company a “buy” rating in a report on Friday, April 12th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $38.07.

CSX Price Performance

NASDAQ CSX traded down $0.44 during trading hours on Wednesday, reaching $33.20. 15,739,303 shares of the company’s stock were exchanged, compared to its average volume of 11,800,522. The stock has a market cap of $64.90 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 1.87 and a beta of 1.20. CSX Co. has a one year low of $29.03 and a one year high of $40.12. The firm has a fifty day moving average of $33.44 and a 200-day moving average of $35.06. The company has a current ratio of 1.15, a quick ratio of 1.00 and a debt-to-equity ratio of 1.42.

CSX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.48 dividend on an annualized basis and a yield of 1.45%. CSX’s dividend payout ratio (DPR) is presently 26.37%.

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.