Meeder Asset Management Inc. Has $35,000 Holdings in CSX Co. (NASDAQ:CSX)

Meeder Asset Management Inc. raised its stake in CSX Co. (NASDAQ:CSX) by 216.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,091 shares of the transportation company’s stock after buying an additional 746 shares during the quarter. Meeder Asset Management Inc.’s holdings in CSX were worth $35,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board increased its position in shares of CSX by 10.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 82,276 shares of the transportation company’s stock valued at $2,841,000 after buying an additional 7,700 shares in the last quarter. Erste Asset Management GmbH acquired a new stake in shares of CSX during the third quarter worth about $2,204,000. Benjamin Edwards Inc. raised its position in shares of CSX by 485.7% during the third quarter. Benjamin Edwards Inc. now owns 66,074 shares of the transportation company’s stock worth $2,282,000 after purchasing an additional 54,792 shares during the period. Hilltop Holdings Inc. acquired a new position in shares of CSX in the 3rd quarter valued at approximately $323,000. Finally, HighTower Advisors LLC grew its position in shares of CSX by 1.5% in the 3rd quarter. HighTower Advisors LLC now owns 819,304 shares of the transportation company’s stock valued at $28,274,000 after purchasing an additional 11,890 shares during the period. Institutional investors own 73.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on CSX shares. Benchmark reaffirmed a “buy” rating and issued a $38.00 price target on shares of CSX in a research note on Monday, January 27th. Stephens reaffirmed an “overweight” rating and issued a $38.00 price objective on shares of CSX in a research report on Friday, January 24th. Citigroup lowered their target price on CSX from $40.00 to $39.00 and set a “buy” rating for the company in a report on Friday, January 24th. Barclays cut their price target on CSX from $38.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, UBS Group decreased their price objective on CSX from $39.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $36.20.

CSX Trading Up 0.7 %

CSX stock opened at $29.74 on Thursday. The stock has a 50-day simple moving average of $31.54 and a 200 day simple moving average of $33.12. The stock has a market capitalization of $56.05 billion, a P/E ratio of 16.61, a PEG ratio of 1.92 and a beta of 1.22. 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 Co. has a 52 week low of $28.78 and a 52 week high of $37.10.

CSX (NASDAQ:CSX) last posted its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share 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%. Analysts expect that CSX Co. will post 1.83 earnings per share for the current year.

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.13 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 1.75%. CSX’s dividend payout ratio is presently 29.05%.

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.