Dorsey & Whitney Trust CO LLC Buys 1,873 Shares of CSX Co. (NASDAQ:CSX)

Dorsey & Whitney Trust CO LLC grew its stake in CSX Co. (NASDAQ:CSX) by 11.5% during the 4th quarter, HoldingsChannel reports. The firm owned 18,136 shares of the transportation company’s stock after acquiring an additional 1,873 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in CSX were worth $585,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CSX. Valley Wealth Managers Inc. grew its position in CSX by 177.8% during the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after acquiring an additional 480 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in CSX during the 4th quarter worth approximately $31,000. Sierra Ocean LLC bought a new stake in CSX during the 4th quarter worth approximately $33,000. Addison Advisors LLC grew its position in CSX by 348.5% during the 3rd quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock worth $36,000 after acquiring an additional 812 shares during the last quarter. Finally, Center for Financial Planning Inc. grew its position in CSX by 205.7% during the 4th quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company’s stock worth $35,000 after acquiring an additional 720 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Royal Bank of Canada decreased their price objective on CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research report on Friday, January 24th. JPMorgan Chase & Co. decreased their price objective on CSX from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Benchmark reiterated a “buy” rating and issued a $38.00 price objective on shares of CSX in a research report on Monday, January 27th. Barclays decreased their price objective on CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Finally, Jefferies Financial Group upgraded CSX from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Friday, January 10th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, CSX presently has a consensus rating of “Moderate Buy” and an average target price of $37.00.

CSX Stock Performance

Shares of CSX stock opened at $31.26 on Monday. The company has a market capitalization of $59.23 billion, a PE ratio of 17.46, a PEG ratio of 1.92 and a beta of 1.25. CSX Co. has a 12 month low of $30.55 and a 12 month high of $38.35. 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’s fifty day simple moving average is $32.48 and its 200 day simple moving average is $33.62.

CSX (NASDAQ:CSX) last issued 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, research analysts predict 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 $0.13 dividend. This is an increase from CSX’s previous quarterly dividend of $0.12. The ex-dividend date is Friday, February 28th. This represents a $0.52 annualized dividend and a dividend yield of 1.66%. CSX’s dividend payout ratio (DPR) is currently 29.05%.

CSX Profile

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.