2,887 Shares in CSX Co. (NASDAQ:CSX) Purchased by Stonebridge Financial Group LLC

Stonebridge Financial Group LLC acquired a new stake in shares of CSX Co. (NASDAQ:CSX) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,887 shares of the transportation company’s stock, valued at approximately $93,000.

Other institutional investors have also modified their holdings of the company. State Street Corp raised its holdings in CSX by 0.6% during the 3rd quarter. State Street Corp now owns 82,250,713 shares of the transportation company’s stock valued at $2,840,117,000 after buying an additional 455,258 shares during the period. Geode Capital Management LLC increased its position in CSX by 0.5% during the third quarter. Geode Capital Management LLC now owns 40,906,826 shares of the transportation company’s stock valued at $1,407,087,000 after acquiring an additional 190,346 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of CSX by 3.6% in 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 acquiring an additional 857,302 shares during the period. FMR LLC lifted its holdings in shares of CSX by 10.2% in the 3rd quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock worth $539,112,000 after acquiring an additional 1,447,651 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of CSX by 6.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,745,972 shares of the transportation company’s stock worth $440,118,000 after purchasing an additional 737,221 shares during the period. 73.57% of the stock is owned by institutional investors.

CSX Stock Performance

Shares of NASDAQ:CSX opened at $32.92 on Thursday. The firm has a 50 day moving average of $32.82 and a 200 day moving average of $33.84. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. The company has a market capitalization of $63.48 billion, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of 1.91 and a beta of 1.23. CSX Co. has a 52 week low of $31.43 and a 52 week high of $40.12.

CSX (NASDAQ:CSX) last released its quarterly earnings results 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 predict that CSX Co. will post 1.86 earnings per share for the current fiscal 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 given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.58%. This is a positive change from CSX’s previous quarterly dividend of $0.12. CSX’s dividend payout ratio is presently 26.82%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CSX. Susquehanna reduced their price objective on shares of CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. TD Cowen reduced their price target on CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. Loop Capital cut CSX from a “buy” rating to a “hold” rating and dropped their price objective for the company from $40.00 to $34.00 in a report on Monday, February 3rd. Barclays reduced their target price on CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Finally, Stifel Nicolaus lowered their target price on shares of CSX from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.