CSX Co. (NASDAQ:CSX) Shares Purchased by MML Investors Services LLC

MML Investors Services LLC lifted its holdings in CSX Co. (NASDAQ:CSX) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 534,116 shares of the transportation company’s stock after acquiring an additional 18,384 shares during the period. MML Investors Services LLC’s holdings in CSX were worth $17,236,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in CSX in the fourth quarter valued at about $31,000. Sierra Ocean LLC purchased a new stake in shares of CSX during the 4th quarter valued at about $33,000. Center for Financial Planning Inc. boosted its holdings in 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 acquiring an additional 720 shares during the period. Meeder Asset Management Inc. grew its position in CSX by 216.2% in the fourth quarter. Meeder Asset Management Inc. now owns 1,091 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 746 shares in the last quarter. Finally, Atala Financial Inc purchased a new stake in shares of CSX during the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Stock Performance

Shares of NASDAQ CSX opened at $27.46 on Tuesday. The stock has a 50 day simple moving average of $29.96 and a 200-day simple moving average of $32.43. 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 company has a market cap of $51.76 billion, a PE ratio of 15.34, a P/E/G ratio of 1.92 and a beta of 1.23. CSX Co. has a 12-month low of $26.22 and a 12-month high of $37.10.

CSX (NASDAQ:CSX) last issued 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). The company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.53 billion. CSX had a net margin of 23.95% and a return on equity of 28.15%. On average, equities research analysts forecast that CSX Co. will post 1.83 EPS for the current year.

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Friday, February 28th. This is a positive change from CSX’s previous quarterly dividend of $0.12. CSX’s dividend payout ratio (DPR) is currently 31.14%.

Analysts Set New Price Targets

CSX has been the topic of several analyst reports. Evercore ISI dropped their price target on shares of CSX from $35.00 to $33.00 and set an “outperform” rating on the stock in a research note on Thursday, April 17th. Wells Fargo & Company reduced their price target on CSX from $31.00 to $28.00 and set an “equal weight” rating for the company in a report on Thursday, April 17th. JPMorgan Chase & Co. dropped their price objective on CSX from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Bank of America reduced their target price on CSX from $33.00 to $30.00 and set a “neutral” rating for the company in a research note on Thursday, April 17th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of CSX in a report on Friday, March 7th. They issued a “hold” rating and a $34.00 price target on the stock. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.