CSX Co. (NASDAQ:CSX) Stock Holdings Lifted by Cullen Capital Management LLC

Cullen Capital Management LLC lifted its position in CSX Co. (NASDAQ:CSX) by 1.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 42,269 shares of the transportation company’s stock after acquiring an additional 631 shares during the quarter. Cullen Capital Management LLC’s holdings in CSX were worth $1,364,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CSX. Hilltop Holdings Inc. purchased a new position in CSX during the 3rd quarter valued at about $323,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of CSX during the third quarter worth approximately $211,000. Quantinno Capital Management LP grew its position in CSX by 65.6% during the third quarter. Quantinno Capital Management LP now owns 146,328 shares of the transportation company’s stock valued at $5,053,000 after purchasing an additional 57,978 shares in the last quarter. Quadrature Capital Ltd acquired a new position in CSX in the 3rd quarter valued at approximately $600,000. Finally, Stifel Financial Corp lifted its position in CSX by 1.8% in the 3rd quarter. Stifel Financial Corp now owns 891,002 shares of the transportation company’s stock worth $30,766,000 after buying an additional 16,166 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Stock Performance

CSX opened at $27.21 on Friday. 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 stock’s 50 day moving average price is $31.32 and its two-hundred day moving average price is $33.03. The firm has a market capitalization of $51.28 billion, a P/E ratio of 15.20, a price-to-earnings-growth ratio of 1.92 and a beta of 1.22. CSX Co. has a 12-month low of $26.95 and a 12-month high of $37.10.

CSX (NASDAQ:CSX) last announced its quarterly earnings data 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 analysts forecast 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 dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.91%. This is a positive change from CSX’s previous quarterly dividend of $0.12. CSX’s dividend payout ratio is currently 29.05%.

Analysts Set New Price Targets

CSX has been the topic of several research analyst reports. Jefferies Financial Group upgraded shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Friday, January 10th. Robert W. Baird dropped their target price on CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. Royal Bank of Canada cut their price target on CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft began coverage on CSX in a report on Friday, March 7th. They issued a “hold” rating and a $34.00 price objective on the stock. Finally, Citigroup reduced 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. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, CSX presently has an average rating of “Moderate Buy” and an average price target of $36.20.

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.