128,524 Shares in CSX Co. (NASDAQ:CSX) Acquired by Van Lanschot Kempen Investment Management N.V.

Van Lanschot Kempen Investment Management N.V. bought a new stake in shares of CSX Co. (NASDAQ:CSX) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 128,524 shares of the transportation company’s stock, valued at approximately $4,147,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in shares of CSX in the fourth quarter valued at about $31,000. Sierra Ocean LLC purchased a new position in CSX during the 4th quarter valued at about $33,000. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of CSX by 219.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,040 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 714 shares in the last quarter. Center for Financial Planning Inc. lifted its position in shares of CSX by 205.7% in the 4th quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company’s stock worth $35,000 after purchasing an additional 720 shares during the period. Finally, Meeder Asset Management Inc. boosted its stake in shares of CSX by 216.2% during the fourth quarter. Meeder Asset Management Inc. now owns 1,091 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 746 shares in the last quarter. 73.57% of the stock is owned by institutional investors.

CSX Stock Performance

NASDAQ CSX opened at $27.46 on Tuesday. The firm has a market capitalization of $51.76 billion, a P/E ratio of 15.34, a PEG ratio of 1.92 and a beta of 1.23. The stock has a 50-day simple moving average of $29.96 and a two-hundred day simple moving average of $32.43. 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 (NASDAQ:CSX) last announced its quarterly earnings results on Wednesday, April 16th. The transportation company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). The company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.53 billion. CSX had a net margin of 23.95% and a return on equity of 28.15%. On average, equities analysts forecast 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 issued a $0.13 dividend. This is a boost from CSX’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a yield of 1.89%. CSX’s payout ratio is presently 31.14%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CSX. Deutsche Bank Aktiengesellschaft began coverage on CSX in a report on Friday, March 7th. They set a “hold” rating and a $34.00 target price for the company. JPMorgan Chase & Co. decreased their price objective on CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Loop Capital lowered 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 note on Monday, February 3rd. UBS Group decreased their price target on shares of CSX from $36.00 to $34.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Finally, 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 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 a consensus rating of “Moderate Buy” and an average price target of $33.95.

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.