21,774 Shares in CSX Co. (NASDAQ:CSX) Acquired by Argentarii LLC

Argentarii LLC purchased a new position in shares of CSX Co. (NASDAQ:CSX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 21,774 shares of the transportation company’s stock, valued at approximately $703,000.

Several other large investors have also made changes to their positions in CSX. Diversified Trust Co raised its stake in shares of CSX by 180.7% during the fourth quarter. Diversified Trust Co now owns 72,197 shares of the transportation company’s stock valued at $2,330,000 after acquiring an additional 46,473 shares during the last quarter. Marshall Financial Group LLC bought a new position in shares of CSX during the fourth quarter valued at $1,084,000. Thrivent Financial for Lutherans raised its stake in shares of CSX by 0.7% during the third quarter. Thrivent Financial for Lutherans now owns 3,374,499 shares of the transportation company’s stock valued at $116,521,000 after acquiring an additional 24,430 shares during the last quarter. Carnegie Investment Counsel raised its stake in shares of CSX by 1.4% during the fourth quarter. Carnegie Investment Counsel now owns 612,051 shares of the transportation company’s stock valued at $19,751,000 after acquiring an additional 8,474 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of CSX by 3.4% during the third quarter. Principal Financial Group Inc. now owns 2,348,543 shares of the transportation company’s stock valued at $81,095,000 after acquiring an additional 77,488 shares during the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on CSX. Barclays dropped their price target 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. Citigroup lowered their target price on shares of CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Stephens reissued an “overweight” rating and set a $38.00 target price on shares of CSX in a research note on Friday, January 24th. BMO Capital Markets decreased their price target on shares of CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, January 24th. Finally, Wells Fargo & Company decreased their price target on shares of CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $37.00.

CSX Price Performance

CSX stock opened at $31.26 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. CSX Co. has a one year low of $30.55 and a one year high of $38.35. The stock has a market cap of $59.23 billion, a PE ratio of 17.46, a P/E/G ratio of 1.92 and a beta of 1.25. The firm has a 50 day simple moving average of $32.48 and a two-hundred day simple moving average of $33.62.

CSX (NASDAQ:CSX) last released its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 EPS 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%. On average, analysts predict that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.13 dividend. This is a boost from CSX’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.66%. CSX’s dividend payout ratio is 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.