CSX Co. (NASDAQ:CSX) Shares Acquired by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC boosted its holdings in CSX Co. (NASDAQ:CSX) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 313,713 shares of the transportation company’s stock after purchasing an additional 8,294 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in CSX were worth $10,124,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in shares of CSX during the fourth quarter worth approximately $31,000. Sierra Ocean LLC acquired a new position in CSX in the 4th quarter valued at $33,000. Center for Financial Planning Inc. raised 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 buying an additional 720 shares during the last quarter. Atala Financial Inc acquired a new stake in shares of CSX in the 4th quarter worth $36,000. Finally, Millstone Evans Group LLC acquired a new position in shares of CSX during the fourth quarter worth about $37,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CSX. Deutsche Bank Aktiengesellschaft started coverage on shares of CSX in a research report on Friday, March 7th. They issued a “hold” rating and a $34.00 price objective for the company. Jefferies Financial Group upgraded CSX from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Friday, January 10th. Benchmark reiterated a “buy” rating and issued a $38.00 price objective on shares of CSX in a research report on Monday, January 27th. Citigroup decreased their target price on shares of CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Finally, Barclays cut their price target on shares of CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $36.75.

CSX Trading Up 1.1 %

Shares of CSX stock opened at $29.43 on Tuesday. The company has a market capitalization of $55.47 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 1.92 and a beta of 1.25. 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 firm has a 50-day moving average price of $31.68 and a 200 day moving average price of $33.17. CSX Co. has a twelve month low of $28.98 and a twelve month high of $37.10.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. Research analysts forecast that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.13 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.77%. This is an increase from CSX’s previous quarterly dividend of $0.12. CSX’s payout ratio 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.