Aviso Financial Inc. Increases Stake in CSX Co. (NASDAQ:CSX)

Aviso Financial Inc. lifted its holdings in shares of CSX Co. (NASDAQ:CSX) by 2.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 24,291 shares of the transportation company’s stock after purchasing an additional 590 shares during the period. Aviso Financial Inc.’s holdings in CSX were worth $784,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in CSX. Bank of New York Mellon Corp grew its holdings in shares of CSX by 40.5% in the fourth quarter. Bank of New York Mellon Corp now owns 23,350,087 shares of the transportation company’s stock worth $753,507,000 after purchasing an additional 6,730,316 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in CSX during the 4th quarter valued at $85,959,000. Perpetual Ltd bought a new stake in CSX in the 4th quarter worth $83,301,000. River Road Asset Management LLC purchased a new position in shares of CSX in the fourth quarter valued at about $46,861,000. Finally, FMR LLC raised its stake in shares of CSX by 10.2% during the third quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock valued at $539,112,000 after acquiring an additional 1,447,651 shares during the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Analyst Upgrades and Downgrades

CSX has been the topic of a number of research analyst reports. 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 report on Friday, January 10th. Royal Bank of Canada reduced their target price on CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research note on Friday, January 24th. Susquehanna dropped their price target on CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Robert W. Baird reduced their price objective on shares of CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. Finally, Loop Capital cut shares of CSX from a “buy” rating to a “hold” rating and dropped their target price for the stock from $40.00 to $34.00 in a research report on Monday, February 3rd. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, CSX currently has an average rating of “Moderate Buy” and a consensus price target of $37.00.

CSX Stock Up 3.0 %

Shares of NASDAQ:CSX opened at $30.01 on Friday. CSX Co. has a 12-month low of $28.98 and a 12-month high of $38.03. The stock has a market capitalization of $56.86 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 1.92 and a beta of 1.25. The stock has a fifty day simple moving average of $32.23 and a two-hundred day simple moving average of $33.49. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43.

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

CSX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.13 per share. This is a boost from CSX’s previous quarterly dividend of $0.12. 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 1.73%. CSX’s dividend payout ratio is presently 29.05%.

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.