Knights of Columbus Asset Advisors LLC Buys 3,402 Shares of CSX Co. (NASDAQ:CSX)

Knights of Columbus Asset Advisors LLC increased its holdings in shares of CSX Co. (NASDAQ:CSX) by 1.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 183,793 shares of the transportation company’s stock after buying an additional 3,402 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in CSX were worth $5,931,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Sei Investments Co. boosted its holdings in shares of CSX by 17.9% in the fourth quarter. Sei Investments Co. now owns 1,271,430 shares of the transportation company’s stock valued at $41,028,000 after buying an additional 193,353 shares during the period. American Century Companies Inc. lifted its stake in CSX by 20.8% in the fourth quarter. American Century Companies Inc. now owns 5,221,868 shares of the transportation company’s stock valued at $168,510,000 after acquiring an additional 899,665 shares during the last quarter. Mizuho Securities USA LLC lifted its stake in CSX by 45.4% in the fourth quarter. Mizuho Securities USA LLC now owns 182,770 shares of the transportation company’s stock valued at $5,898,000 after acquiring an additional 57,053 shares during the last quarter. Millstone Evans Group LLC bought a new position in shares of CSX in the fourth quarter valued at about $37,000. Finally, Mindset Wealth Management LLC raised its position in shares of CSX by 135.3% in the fourth quarter. Mindset Wealth Management LLC now owns 13,912 shares of the transportation company’s stock valued at $449,000 after purchasing an additional 8,000 shares during the period. Institutional investors own 73.57% of the company’s stock.

CSX Trading Down 1.4 %

Shares of NASDAQ CSX opened at $29.57 on Friday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. The business’s 50 day moving average price is $32.03 and its 200-day moving average price is $33.36. CSX Co. has a fifty-two week low of $28.98 and a fifty-two week high of $38.03. The company has a market cap of $56.02 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 1.92 and a beta of 1.25.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 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, sell-side analysts expect that CSX Co. will post 1.83 earnings per share for the current year.

CSX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.13 per share. The ex-dividend date was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a yield of 1.76%. This is a boost from CSX’s previous quarterly dividend of $0.12. CSX’s payout ratio is currently 29.05%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CSX shares. Benchmark reiterated a “buy” rating and set a $38.00 price objective on shares of CSX in a research note on Monday, January 27th. Raymond James restated an “outperform” rating and issued a $37.00 price target (down from $38.00) on shares of CSX in a research note on Friday, January 24th. Barclays cut their target price on shares of CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Wells Fargo & Company lowered their price target 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. Finally, Robert W. Baird decreased their price target on shares of CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, January 24th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, CSX currently has a consensus 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.