5,523,970 Shares in CSX Co. (NASDAQ:CSX) Purchased by Fiduciary Management Inc. WI

Fiduciary Management Inc. WI purchased a new stake in CSX Co. (NASDAQ:CSX) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,523,970 shares of the transportation company’s stock, valued at approximately $178,259,000. CSX accounts for 1.7% of Fiduciary Management Inc. WI’s holdings, making the stock its 21st biggest position. Fiduciary Management Inc. WI owned approximately 0.29% of CSX at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Tudor Financial Inc. purchased a new stake in shares of CSX during the 3rd quarter worth about $473,000. World Investment Advisors LLC raised its stake in shares of CSX by 137.4% in the 3rd quarter. World Investment Advisors LLC now owns 16,145 shares of the transportation company’s stock valued at $557,000 after acquiring an additional 9,344 shares during the period. Wilmington Savings Fund Society FSB lifted its holdings in shares of CSX by 260.8% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 24,970 shares of the transportation company’s stock valued at $862,000 after acquiring an additional 18,049 shares in the last quarter. Tidal Investments LLC boosted its position in CSX by 9.2% during the 3rd quarter. Tidal Investments LLC now owns 194,760 shares of the transportation company’s stock worth $6,725,000 after purchasing an additional 16,456 shares during the period. Finally, Franklin Resources Inc. increased its holdings in CSX by 9.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,350,289 shares of the transportation company’s stock valued at $47,652,000 after purchasing an additional 113,530 shares in the last quarter. 73.57% of the stock is owned by institutional investors and hedge funds.

CSX Stock Up 1.1 %

NASDAQ:CSX opened at $27.64 on Friday. The firm has a market capitalization of $52.09 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23. CSX Co. has a 52 week low of $26.22 and a 52 week high of $37.10. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The stock has a 50 day moving average of $30.07 and a 200-day moving average of $32.50.

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

CSX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from CSX’s previous quarterly dividend of $0.12. CSX’s payout ratio is 31.14%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered their target price on CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Bank of America dropped their price objective on shares of CSX from $33.00 to $30.00 and set a “neutral” rating on the stock in a research note on Thursday. UBS Group lowered their price target on shares of CSX from $36.00 to $34.00 and set a “buy” rating for the company in a report on Thursday. Loop Capital lowered shares of CSX from a “buy” rating to a “hold” rating and cut their price objective for the stock from $40.00 to $34.00 in a report on Monday, February 3rd. Finally, Jefferies Financial Group lowered their target price on CSX from $37.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, CSX presently has a consensus rating of “Moderate Buy” and an average price target of $33.95.

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.