Charles Schwab Investment Management Inc. Grows Position in CSX Co. (NASDAQ:CSX)

Charles Schwab Investment Management Inc. lifted its position in shares of CSX Co. (NASDAQ:CSX) by 3.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,950,185 shares of the transportation company’s stock after purchasing an additional 358,042 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.62% of CSX worth $385,632,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its position in CSX by 11.4% during the third quarter. Farther Finance Advisors LLC now owns 8,254 shares of the transportation company’s stock worth $285,000 after purchasing an additional 842 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of CSX by 18.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 355,061 shares of the transportation company’s stock worth $12,260,000 after buying an additional 56,163 shares during the period. Catalyst Capital Advisors LLC lifted its position in shares of CSX by 31.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 2,522 shares of the transportation company’s stock valued at $87,000 after buying an additional 606 shares in the last quarter. Catalina Capital Group LLC lifted its position in shares of CSX by 12.0% during the 3rd quarter. Catalina Capital Group LLC now owns 6,925 shares of the transportation company’s stock valued at $239,000 after buying an additional 741 shares in the last quarter. Finally, Foster & Motley Inc. grew its stake in CSX by 85.5% in the 3rd quarter. Foster & Motley Inc. now owns 41,823 shares of the transportation company’s stock valued at $1,444,000 after acquiring an additional 19,280 shares during the period. 73.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Raymond James reaffirmed an “outperform” rating and set a $37.00 price objective (down from $38.00) on shares of CSX in a report on Friday, January 24th. Stephens reaffirmed an “overweight” rating and issued a $38.00 price target on shares of CSX in a research note on Friday, January 24th. Wells Fargo & Company cut their price objective on CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Barclays decreased their target price on CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Finally, BMO Capital Markets dropped their price target on CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, January 24th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, CSX presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.16.

CSX Stock Down 0.9 %

Shares of NASDAQ CSX opened at $30.92 on Thursday. The company has a market capitalization of $59.63 billion, a P/E ratio of 17.27, a P/E/G ratio of 1.92 and a beta of 1.23. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. The company has a 50 day simple moving average of $32.53 and a 200-day simple moving average of $33.66. CSX Co. has a 1 year low of $30.62 and a 1 year high of $38.51.

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

CSX Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.13 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a yield of 1.68%. This is a boost from CSX’s previous quarterly dividend of $0.12. 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.