3,400 Shares in CSX Co. (NASDAQ:CSX) Purchased by Vision Financial Markets LLC

Vision Financial Markets LLC bought a new position in shares of CSX Co. (NASDAQ:CSX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,400 shares of the transportation company’s stock, valued at approximately $110,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CSX. Bank of New York Mellon Corp boosted its holdings in CSX by 40.5% during the fourth quarter. Bank of New York Mellon Corp now owns 23,350,087 shares of the transportation company’s stock worth $753,507,000 after buying an additional 6,730,316 shares during the last quarter. Perpetual Ltd bought a new position in CSX during the fourth quarter worth about $83,301,000. FMR LLC boosted its holdings in CSX by 10.2% during the third quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock worth $539,112,000 after buying an additional 1,447,651 shares during the last quarter. KBC Group NV lifted its holdings in shares of CSX by 616.4% during the 4th quarter. KBC Group NV now owns 1,114,542 shares of the transportation company’s stock valued at $35,966,000 after purchasing an additional 958,957 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in shares of CSX by 3.6% during the 3rd quarter. Fisher Asset Management LLC now owns 24,656,931 shares of the transportation company’s stock valued at $851,404,000 after purchasing an additional 857,302 shares in the last quarter. Institutional investors own 73.57% of the company’s stock.

CSX Stock Down 0.9 %

NASDAQ:CSX opened at $30.92 on Thursday. The firm has a market capitalization of $59.63 billion, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23. CSX Co. has a twelve month low of $30.62 and a twelve month high of $38.51. The stock’s 50 day moving average price is $32.53 and its two-hundred day moving average price is $33.66. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43.

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 the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. Equities research analysts expect that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.13 per share. The ex-dividend date is Friday, February 28th. This is a positive change from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.68%. CSX’s payout ratio is presently 29.05%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CSX shares. Raymond James reiterated an “outperform” rating and set a $37.00 price objective (down previously from $38.00) on shares of CSX in a report on Friday, January 24th. Robert W. Baird cut their price objective on CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, January 24th. JPMorgan Chase & Co. cut their price objective on CSX from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Stephens reiterated an “overweight” rating and set a $38.00 price objective on shares of CSX in a report on Friday, January 24th. Finally, Susquehanna cut their price objective on CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $37.16.

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.