Knights of Columbus Asset Advisors LLC Increases Position in CSX Co. (NASDAQ:CSX)

Knights of Columbus Asset Advisors LLC boosted its position in shares of CSX Co. (NASDAQ:CSX) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 183,793 shares of the transportation company’s stock after buying an additional 3,402 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in CSX were worth $5,931,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Avior Wealth Management LLC lifted its stake in CSX by 2.5% during the third 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 increased its holdings in CSX by 1.3% in the third quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company’s stock valued at $830,000 after buying an additional 306 shares during the last quarter. Associated Banc Corp increased its holdings in CSX by 0.6% in the third 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 last quarter. Joel Isaacson & Co. LLC increased its holdings in CSX by 2.4% in the fourth 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 last quarter. Finally, Patrick M Sweeney & Associates Inc. grew its holdings in shares of CSX by 1.0% during the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 31,827 shares of the transportation company’s stock worth $1,027,000 after purchasing an additional 313 shares during the last quarter. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

CSX Trading Down 1.4 %

CSX stock opened at $29.57 on Friday. 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 firm has a 50-day moving average price of $32.03 and a two-hundred day moving average price of $33.36. The firm has a market capitalization of $56.02 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 1.92 and a beta of 1.25. CSX Co. has a 52-week low of $28.98 and a 52-week high of $38.03.

CSX (NASDAQ:CSX) last posted 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 net margin of 23.95% and a return on equity of 28.15%. Sell-side analysts expect that CSX Co. will post 1.83 earnings per share for the current year.

CSX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from CSX’s previous quarterly dividend of $0.12. CSX’s dividend payout ratio is 29.05%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Barclays decreased their target price on shares of CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Susquehanna dropped their price objective on shares of CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of CSX in a research note on Friday, March 7th. They issued a “hold” rating and a $34.00 target price for the company. BMO Capital Markets decreased their price target on shares of CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, January 24th. Finally, Raymond James restated an “outperform” rating and set a $37.00 target price (down previously from $38.00) on shares of CSX in a report on Friday, January 24th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.