CSX Co. (NASDAQ:CSX) Shares Purchased by Boston Financial Mangement LLC

Boston Financial Mangement LLC raised its position in shares of CSX Co. (NASDAQ:CSX) by 41.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,346 shares of the transportation company’s stock after buying an additional 10,734 shares during the quarter. Boston Financial Mangement LLC’s holdings in CSX were worth $1,173,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CSX. Perpetual Ltd acquired a new stake in CSX during the fourth quarter valued at approximately $83,301,000. Assenagon Asset Management S.A. raised its stake in CSX by 318.5% during the third quarter. Assenagon Asset Management S.A. now owns 3,270,966 shares of the transportation company’s stock valued at $112,946,000 after buying an additional 2,489,329 shares in the last quarter. FMR LLC raised its stake in CSX by 10.2% during the third quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock valued at $539,112,000 after buying an additional 1,447,651 shares in the last quarter. KBC Group NV raised its stake in CSX by 616.4% during the fourth quarter. KBC Group NV now owns 1,114,542 shares of the transportation company’s stock valued at $35,966,000 after buying an additional 958,957 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in CSX by 3.6% during the third quarter. Fisher Asset Management LLC now owns 24,656,931 shares of the transportation company’s stock valued at $851,404,000 after buying an additional 857,302 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

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 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. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23.

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

CSX Increases Dividend

The company also recently declared 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 positive change from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Friday, February 28th. CSX’s dividend payout ratio (DPR) is presently 26.82%.

Analysts Set New Price Targets

CSX has been the topic of several research reports. Royal Bank of Canada cut their price objective on CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research note on Friday, January 24th. 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 report on Friday, January 24th. Wells Fargo & Company lowered their target price on CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Jefferies Financial Group raised CSX from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a report on Friday, January 10th. Finally, Citigroup lowered their target price on CSX from $40.00 to $39.00 and set a “buy” rating for the company in a report on Friday, January 24th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, CSX currently has a consensus rating of “Moderate Buy” and an average target price of $37.16.

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.