1 week Ago By ABMN Staff
Wellington Management Group LLP raised its holdings in CSX Co. ( NASDAQ:CSX – Free Report ) by 14.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission.
The firm owned 117,579 shares of the transportation company’s stock after purchasing an additional 15,029 shares during the quarter. Wellington Management Group LLP’s holdings in CSX were worth $3,794,000 as of its most recent SEC filing. Several other large investors have also modified their holdings of the business.
Diversified Trust Co increased its holdings in CSX by 180.7% in the 4th quarter. Diversified Trust Co now owns 72,197 shares of the transportation company’s stock valued at $2,330,000 after purchasing an additional 46,473 shares during the last quarter.
Marshall Financial Group LLC acquired a new stake in shares of CSX in the fourth quarter valued at $1,084,000. Carnegie Investment Counsel raised its holdings in shares of CSX by 1.4% in the 4th quarter.
Carnegie Investment Counsel now owns 612,051 shares of the transportation company’s stock valued at $19,751,000 after buying an additional 8,474 shares during the period. Waycross Partners LLC lifted its stake 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. Finally, Nisa Investment Advisors LLC boosted its holdings in CSX by 1.9% during the 4th quarter.
Nisa Investment Advisors LLC now owns 1,061,143 shares of the transportation company’s stock valued at $34,243,000 after acquiring an additional 20,073 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.
CSX Stock Up 0.7 % CSX stock opened at $28.01 on Friday.
The stock has a 50-day simple moving average of $30.58 and a 200-day simple moving average of $32.72.
The company has a market capitalization of $52.79 billion, a P/E ratio of 15.65, a PEG ratio of 1.
92 and a beta of 1.23. The company has a debt-to-equity ratio of 1.
43, a quick ratio of 1.23 and a current ratio of 0.86.
CSX Co. has a fifty-two week low of $26.22 and a fifty-two week high of $37.
10. 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 given a dividend of $0.
13 per share. This is an increase from CSX’s previous quarterly dividend of $0.12.
This represents a $0.52 annualized dividend and a yield of 1.86%.
The ex-dividend date of this dividend was Friday, February 28th. CSX’s dividend payout ratio (DPR) is presently 29.05%.
Analyst Ratings Changes A number of analysts have issued reports on CSX shares. Barclays cut their price target on shares of CSX from $38.00 to $35.
00 and set an “overweight” rating on the stock in a research note on Wednesday, April 2nd. Jefferies Financial Group reduced their target price on shares of CSX from $37.00 to $33.
00 and set a “buy” rating on the stock in a report on Wednesday. Citigroup dropped their price target on shares of CSX from $39.00 to $36.
00 and set a “buy” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. reduced 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. Finally, Royal Bank of Canada lowered their target price 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. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock.
According to data from MarketBeat.com, CSX currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.70.
Read Our Latest Report on CSX CSX Profile ( Free Report ) 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.
Further Reading Want to see what other hedge funds are holding CSX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CSX Co. ( NASDAQ:CSX – Free Report ).
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