Caisse Des Depots ET Consignations Invests $6.46 Million in CSX Co. (NASDAQ:CSX)

Caisse Des Depots ET Consignations purchased a new stake in CSX Co. (NASDAQ:CSX) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 200,273 shares of the transportation company’s stock, valued at approximately $6,463,000.

A number of other institutional investors have also recently modified their holdings of CSX. Rehmann Capital Advisory Group grew its position in CSX by 1.3% during the third quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company’s stock worth $830,000 after buying an additional 306 shares during the period. Joel Isaacson & Co. LLC boosted its stake in shares of CSX by 2.4% during the 4th quarter. Joel Isaacson & Co. LLC now owns 13,036 shares of the transportation company’s stock worth $421,000 after acquiring an additional 310 shares in the last quarter. Patrick M Sweeney & Associates Inc. increased its stake in CSX by 1.0% in the 4th quarter. Patrick M Sweeney & Associates Inc. now owns 31,827 shares of the transportation company’s stock valued at $1,027,000 after purchasing an additional 313 shares in the last quarter. West Branch Capital LLC increased its stake in CSX by 3.3% in the 4th quarter. West Branch Capital LLC now owns 10,317 shares of the transportation company’s stock valued at $333,000 after purchasing an additional 332 shares in the last quarter. Finally, Alhambra Investment Management LLC raised its holdings in CSX by 4.3% during the fourth quarter. Alhambra Investment Management LLC now owns 8,292 shares of the transportation company’s stock worth $268,000 after purchasing an additional 342 shares during the last quarter. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

CSX Stock Performance

CSX stock opened at $29.90 on Thursday. 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 Co. has a 12 month low of $28.98 and a 12 month high of $37.18. The company has a market cap of $56.65 billion, a price-to-earnings ratio of 16.70, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The stock’s 50-day moving average is $31.88 and its 200-day moving average is $33.26.

CSX (NASDAQ:CSX) last posted 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 net margin of 23.95% and a return on equity of 28.15%. Equities analysts anticipate that CSX Co. will post 1.83 earnings per share for the current year.

CSX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.13 dividend. This is a boost from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Friday, February 28th. CSX’s dividend payout ratio is presently 29.05%.

Wall Street Analyst Weigh In

CSX has been the topic of several research reports. Barclays lowered their target price on CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft began coverage on shares of CSX in a report on Friday, March 7th. They set a “hold” rating and a $34.00 target price for the company. Robert W. Baird lowered their price target on shares of CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. Stephens reissued an “overweight” rating and set a $38.00 price objective on shares of CSX in a research note on Friday, January 24th. Finally, BMO Capital Markets lowered their target price on CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, January 24th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $37.00.

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.