127,772 Shares in CSX Co. (NASDAQ:CSX) Purchased by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR purchased a new position in shares of CSX Co. (NASDAQ:CSX) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 127,772 shares of the transportation company’s stock, valued at approximately $4,123,000.

Several other large investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in CSX in the fourth quarter valued at about $31,000. Sierra Ocean LLC purchased a new position in CSX in the fourth quarter valued at about $33,000. Center for Financial Planning Inc. increased its holdings in CSX by 205.7% in the fourth quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company’s stock valued at $35,000 after buying an additional 720 shares in the last quarter. Atala Financial Inc purchased a new position in CSX in the fourth quarter valued at about $36,000. Finally, Synergy Asset Management LLC purchased a new position in CSX in the fourth quarter valued at about $41,000. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Stock Performance

NASDAQ:CSX opened at $30.26 on Wednesday. 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 company has a market cap of $57.33 billion, a P/E ratio of 16.91, a P/E/G ratio of 1.92 and a beta of 1.25. CSX Co. has a fifty-two week low of $28.98 and a fifty-two week high of $38.03. The firm’s 50 day moving average is $32.16 and its two-hundred day moving average is $33.44.

CSX (NASDAQ:CSX) last posted its quarterly 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 EPS for the current year.

CSX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.13 per share. The ex-dividend date was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a yield of 1.72%. This is an increase from CSX’s previous quarterly dividend of $0.12. CSX’s dividend payout ratio (DPR) is currently 29.05%.

Analyst Ratings Changes

A number of research analysts have issued reports on CSX shares. Loop Capital cut shares of CSX from a “buy” rating to a “hold” rating and dropped their target price for the company from $40.00 to $34.00 in a report on Monday, February 3rd. Susquehanna dropped their target price on shares of CSX from $40.00 to $39.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Benchmark reaffirmed a “buy” rating and issued a $38.00 target price on shares of CSX in a report on Monday, January 27th. Stephens reiterated an “overweight” rating and issued a $38.00 price target on shares of CSX in a research report on Friday, January 24th. Finally, Robert W. Baird lowered their price target 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. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $37.00.

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.