CSX Co. (NASDAQ:CSX) Holdings Raised by Cbre Investment Management Listed Real Assets LLC

Cbre Investment Management Listed Real Assets LLC grew its holdings in CSX Co. (NASDAQ:CSX) by 19.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,295,064 shares of the transportation company’s stock after acquiring an additional 696,584 shares during the quarter. CSX comprises 2.5% of Cbre Investment Management Listed Real Assets LLC’s investment portfolio, making the stock its 9th biggest holding. Cbre Investment Management Listed Real Assets LLC’s holdings in CSX were worth $138,602,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CSX. Avior Wealth Management LLC boosted its position in shares of CSX by 2.5% during the 3rd quarter. Avior Wealth Management LLC now owns 11,790 shares of the transportation company’s stock worth $407,000 after purchasing an additional 293 shares in the last quarter. Rehmann Capital Advisory Group raised its stake in CSX by 1.3% in the 3rd quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company’s stock valued at $830,000 after purchasing an additional 306 shares during the last quarter. Associated Banc Corp grew its holdings in CSX by 0.6% in the 3rd quarter. Associated Banc Corp now owns 55,534 shares of the transportation company’s stock valued at $1,918,000 after buying an additional 310 shares during the period. Joel Isaacson & Co. LLC grew its holdings in CSX by 2.4% in the 4th quarter. Joel Isaacson & Co. LLC now owns 13,036 shares of the transportation company’s stock valued at $421,000 after buying an additional 310 shares during the period. Finally, Patrick M Sweeney & Associates Inc. grew its holdings 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 buying an additional 313 shares during the period. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Trading Down 2.3 %

Shares of NASDAQ CSX opened at $31.20 on Wednesday. CSX Co. has a 12 month low of $31.00 and a 12 month high of $38.61. The company has a market cap of $60.17 billion, a price-to-earnings ratio of 17.43, a P/E/G ratio of 1.92 and a beta of 1.23. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. The business has a fifty day simple moving average of $32.57 and a 200-day simple moving average of $33.68.

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

CSX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.13 per share. The ex-dividend date is Friday, February 28th. This is an increase from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.67%. CSX’s dividend payout ratio (DPR) is 29.05%.

Wall Street Analysts Forecast Growth

CSX has been the subject of a number of research reports. Robert W. Baird decreased their target price on CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, January 24th. Royal Bank of Canada cut their target price on CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research report on Friday, January 24th. Susquehanna dropped their price target on CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Citigroup dropped their price target on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Finally, Stephens restated an “overweight” rating and set a $38.00 price objective on shares of CSX in a research note on Friday, January 24th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, CSX currently has an average rating of “Moderate Buy” and a consensus price target of $37.16.

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.