Gold Investment Management Ltd. Increases Stock Holdings in CSX Co. (NASDAQ:CSX)

Gold Investment Management Ltd. increased its holdings in shares of CSX Co. (NASDAQ:CSX) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 117,387 shares of the transportation company’s stock after buying an additional 660 shares during the quarter. CSX comprises approximately 1.6% of Gold Investment Management Ltd.’s portfolio, making the stock its 19th biggest holding. Gold Investment Management Ltd.’s holdings in CSX were worth $3,788,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CSX. OneDigital Investment Advisors LLC increased its holdings in shares of CSX by 0.8% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 68,011 shares of the transportation company’s stock worth $2,348,000 after buying an additional 522 shares during the last quarter. Empowered Funds LLC grew its position in CSX by 20.0% during the third quarter. Empowered Funds LLC now owns 189,366 shares of the transportation company’s stock valued at $6,539,000 after acquiring an additional 31,604 shares during the period. Natixis Advisors LLC increased its stake in CSX by 16.0% during the third quarter. Natixis Advisors LLC now owns 659,958 shares of the transportation company’s stock worth $22,788,000 after acquiring an additional 90,800 shares during the last quarter. KPP Advisory Services LLC purchased a new position in shares of CSX in the 3rd quarter worth about $201,000. Finally, Spinnaker Investment Group LLC acquired a new position in shares of CSX in the 3rd quarter valued at about $215,000. 73.57% of the stock is owned by institutional investors and hedge funds.

CSX Trading Up 3.0 %

Shares of NASDAQ CSX opened at $30.01 on Monday. 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 stock’s 50 day moving average price is $32.23 and its two-hundred day moving average price is $33.49. CSX Co. has a 52-week low of $28.98 and a 52-week high of $38.03. The stock has a market capitalization of $56.86 billion, a P/E ratio of 16.77, a PEG ratio of 1.92 and a beta of 1.25.

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%. On average, analysts anticipate 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. Investors of record on Friday, February 28th were paid a dividend of $0.13 per share. This is a positive change from CSX’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, February 28th. This represents a $0.52 annualized dividend and a yield of 1.73%. CSX’s dividend payout ratio is 29.05%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Wells Fargo & Company cut their target price on shares of CSX from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Citigroup decreased their price target on shares of CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Benchmark reissued a “buy” rating and issued a $38.00 price objective on shares of CSX in a research report on Monday, January 27th. Finally, Raymond James reaffirmed an “outperform” rating and issued a $37.00 target price (down previously from $38.00) on shares of CSX in a research report on Friday, January 24th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $37.00.

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.