Norinchukin Bank The Has $2.99 Million Stock Holdings in CSX Co. (NASDAQ:CSX)

Norinchukin Bank The lifted its position in shares of CSX Co. (NASDAQ:CSX) by 2.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 92,544 shares of the transportation company’s stock after buying an additional 2,027 shares during the quarter. Norinchukin Bank The’s holdings in CSX were worth $2,986,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Wellington Management Group LLP grew its position in shares of CSX by 14.7% during the 4th quarter. Wellington Management Group LLP now owns 117,579 shares of the transportation company’s stock worth $3,794,000 after purchasing an additional 15,029 shares in the last quarter. Diversified Trust Co increased its stake in CSX by 180.7% during the 4th quarter. Diversified Trust Co now owns 72,197 shares of the transportation company’s stock worth $2,330,000 after acquiring an additional 46,473 shares during the period. Marshall Financial Group LLC acquired a new position in CSX in the 4th quarter valued at $1,084,000. Carnegie Investment Counsel lifted its position in shares of CSX by 1.4% during the 4th quarter. Carnegie Investment Counsel now owns 612,051 shares of the transportation company’s stock valued at $19,751,000 after acquiring an additional 8,474 shares during the period. Finally, Waycross Partners LLC grew its holdings in shares of 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 purchasing an additional 40,611 shares in the last quarter. Institutional investors own 73.57% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company cut their price objective on shares of CSX from $31.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday. Stifel Nicolaus dropped their target price on shares of CSX from $37.00 to $34.00 and set a “buy” rating for the company in a report on Monday, April 14th. Raymond James reiterated an “outperform” rating and set a $33.00 price objective (down from $34.00) on shares of CSX in a research report on Thursday. Loop Capital lowered shares of CSX from a “buy” rating to a “hold” rating and cut their target price for the company from $40.00 to $34.00 in a research report on Monday, February 3rd. Finally, Royal Bank of Canada dropped their price target on CSX from $31.00 to $30.00 and set a “sector perform” rating for the company in a research note on Thursday. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $33.95.

CSX Price Performance

CSX stock opened at $27.64 on Friday. The company’s 50-day moving average is $30.07 and its 200-day moving average is $32.49. CSX Co. has a 1 year low of $26.22 and a 1 year high of $37.10. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. The stock has a market capitalization of $52.09 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). CSX had a net margin of 23.95% and a return on equity of 28.15%. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.53 billion. Equities research analysts expect that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.13 per share. The ex-dividend date was Friday, February 28th. This is a boost from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 1.88%. CSX’s dividend payout ratio (DPR) is 31.14%.

CSX Company 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.