Zions Bancorporation N.A. Has $236,000 Stock Position in CSX Co. (NASDAQ:CSX)

Zions Bancorporation N.A. lifted its holdings in CSX Co. (NASDAQ:CSX) by 7.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,326 shares of the transportation company’s stock after purchasing an additional 533 shares during the period. Zions Bancorporation N.A.’s holdings in CSX were worth $236,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CSX. Modern Wealth Management LLC boosted its stake in shares of CSX by 67.1% during the 4th quarter. Modern Wealth Management LLC now owns 16,180 shares of the transportation company’s stock worth $535,000 after acquiring an additional 6,495 shares in the last quarter. CoreFirst Bank & Trust acquired a new stake in CSX in the 4th quarter worth approximately $52,000. Sound Shore Management Inc. CT bought a new stake in CSX during the fourth quarter worth approximately $67,825,000. Congress Wealth Management LLC DE acquired a new position in CSX during the fourth quarter valued at approximately $1,087,000. Finally, LPL Financial LLC raised its position in shares of CSX by 7.8% in the fourth quarter. LPL Financial LLC now owns 1,712,112 shares of the transportation company’s stock valued at $55,250,000 after purchasing an additional 124,615 shares during the period. 73.57% of the stock is currently owned by institutional investors.

CSX Stock Performance

Shares of NASDAQ:CSX opened at $29.90 on Thursday. 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 business’s fifty day moving average price is $31.88 and its two-hundred day moving average price is $33.26. CSX Co. has a fifty-two week low of $28.98 and a fifty-two week high of $37.18. The stock has a market capitalization of $56.65 billion, a price-to-earnings ratio of 16.70, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25.

CSX (NASDAQ:CSX) last posted its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share 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%. As a group, analysts predict that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a yield of 1.74%. This is a positive change from CSX’s previous quarterly dividend of $0.12. CSX’s payout ratio is currently 29.05%.

Analysts Set New Price Targets

Several analysts recently issued reports on CSX shares. Wells Fargo & Company decreased their price objective on shares of CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Susquehanna lowered their price target on CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price objective on CSX from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. BMO Capital Markets decreased their target price on CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, January 24th. Finally, Royal Bank of Canada dropped their price target on CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research report on Friday, January 24th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, CSX has an average rating of “Moderate Buy” and a consensus price target of $37.00.

About CSX

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.