CSX Co. (NASDAQ:CSX) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its holdings in shares of CSX Co. (NASDAQ:CSX) by 8.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,098,942 shares of the transportation company’s stock after purchasing an additional 83,102 shares during the quarter. Handelsbanken Fonder AB owned 0.06% of CSX worth $35,463,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Private Advisor Group LLC grew its position in shares of CSX by 45.9% during the fourth quarter. Private Advisor Group LLC now owns 167,552 shares of the transportation company’s stock worth $5,407,000 after buying an additional 52,714 shares in the last quarter. Alberta Investment Management Corp boosted its stake in CSX by 36.0% during the 4th quarter. Alberta Investment Management Corp now owns 342,026 shares of the transportation company’s stock valued at $11,037,000 after acquiring an additional 90,464 shares during the last quarter. Waycross Partners LLC grew its holdings in CSX by 7.0% during the 4th quarter. Waycross Partners LLC now owns 619,471 shares of the transportation company’s stock worth $19,990,000 after acquiring an additional 40,611 shares in the last quarter. Kestra Investment Management LLC bought a new stake in shares of CSX in the 4th quarter worth about $75,000. Finally, Atria Wealth Solutions Inc. raised its stake in shares of CSX by 28.0% in the 4th quarter. Atria Wealth Solutions Inc. now owns 75,679 shares of the transportation company’s stock valued at $2,442,000 after purchasing an additional 16,551 shares in the last quarter. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

CSX Stock Performance

Shares of CSX stock opened at $32.46 on Friday. CSX Co. has a 12-month low of $31.43 and a 12-month high of $40.12. 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 $62.60 billion, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 1.99 and a beta of 1.23. The business has a 50 day simple moving average of $32.65 and a 200 day simple moving average of $33.77.

CSX (NASDAQ:CSX) last released its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. On average, equities research analysts anticipate that CSX Co. will post 1.83 EPS for the current year.

CSX Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders 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 is Friday, February 28th. This represents a $0.52 annualized dividend and a yield of 1.60%. CSX’s dividend payout ratio (DPR) is presently 26.82%.

Wall Street Analysts Forecast Growth

CSX has been the subject of a number of research reports. Royal Bank of Canada decreased their price target on CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a research note on Friday, January 24th. Benchmark reiterated a “buy” rating and issued a $38.00 price target on shares of CSX in a report on Monday, January 27th. Robert W. Baird reduced their price objective on CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, January 24th. BMO Capital Markets lowered their target price on shares of CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, January 24th. Finally, Wells Fargo & Company dropped their target price on shares of CSX from $36.00 to $34.00 and set an “equal weight” rating on the stock in a 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 company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $37.16.

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 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.