Sei Investments Co. Has $41.03 Million Stock Holdings in CSX Co. (NASDAQ:CSX)

Sei Investments Co. grew its position in CSX Co. (NASDAQ:CSX) by 17.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,271,430 shares of the transportation company’s stock after buying an additional 193,353 shares during the period. Sei Investments Co. owned approximately 0.07% of CSX worth $41,028,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CSX. American Century Companies Inc. raised its position in shares of CSX by 20.8% during the fourth quarter. American Century Companies Inc. now owns 5,221,868 shares of the transportation company’s stock worth $168,510,000 after purchasing an additional 899,665 shares during the period. Mizuho Securities USA LLC increased its stake in CSX by 45.4% during the 4th quarter. Mizuho Securities USA LLC now owns 182,770 shares of the transportation company’s stock worth $5,898,000 after purchasing an additional 57,053 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in CSX during the 4th quarter worth approximately $37,000. Mindset Wealth Management LLC lifted its stake in CSX by 135.3% in the fourth quarter. Mindset Wealth Management LLC now owns 13,912 shares of the transportation company’s stock valued at $449,000 after buying an additional 8,000 shares in the last quarter. Finally, Lee Danner & Bass Inc. acquired a new position in shares of CSX in the fourth quarter valued at approximately $177,000. Institutional investors own 73.57% of the company’s stock.

CSX Stock Up 0.9 %

Shares of CSX stock opened at $29.85 on Tuesday. CSX Co. has a 52-week low of $28.98 and a 52-week high of $37.40. The stock has a market cap of $56.55 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 1.92 and a beta of 1.25. The firm’s 50-day moving average is $31.99 and its 200-day moving average is $33.31. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86.

CSX (NASDAQ:CSX) last released its quarterly earnings data 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 net margin of 23.95% and a return on equity of 28.15%. Sell-side analysts predict that CSX Co. will post 1.83 EPS for the current year.

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.74%. This is a boost from CSX’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, February 28th. CSX’s payout ratio is 29.05%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CSX shares. Royal Bank of Canada dropped their price objective on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a report on Friday, January 24th. Benchmark restated a “buy” rating and issued a $38.00 price target on shares of CSX in a report on Monday, January 27th. Jefferies Financial Group upgraded CSX from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Friday, January 10th. BMO Capital Markets cut their target price on CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, January 24th. Finally, Loop Capital cut shares of CSX from a “buy” rating to a “hold” rating and decreased their price target for the stock from $40.00 to $34.00 in a research note on Monday, February 3rd. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.00.

About CSX

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.