Xponance Inc. Buys 5,312 Shares of CSX Co. (NASDAQ:CSX)

Xponance Inc. raised its stake in shares of CSX Co. (NASDAQ:CSX) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 273,173 shares of the transportation company’s stock after acquiring an additional 5,312 shares during the quarter. Xponance Inc.’s holdings in CSX were worth $8,815,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Diversified Trust Co increased its stake in shares of CSX by 180.7% in the fourth quarter. Diversified Trust Co now owns 72,197 shares of the transportation company’s stock valued at $2,330,000 after buying an additional 46,473 shares in the last quarter. Marshall Financial Group LLC acquired a new stake in shares of CSX in the fourth quarter valued at $1,084,000. Carnegie Investment Counsel increased its stake in shares of CSX by 1.4% in the fourth quarter. Carnegie Investment Counsel now owns 612,051 shares of the transportation company’s stock valued at $19,751,000 after buying an additional 8,474 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of CSX by 6.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 653,025 shares of the transportation company’s stock valued at $22,549,000 after buying an additional 41,547 shares in the last quarter. Finally, Waycross Partners LLC increased its stake in shares of CSX by 7.0% in the fourth quarter. Waycross Partners LLC now owns 619,471 shares of the transportation company’s stock valued at $19,990,000 after buying an additional 40,611 shares in the last quarter. 73.57% of the stock is owned by institutional investors.

CSX Trading Down 0.2 %

CSX opened at $30.26 on Wednesday. The firm’s fifty day moving average is $32.16 and its two-hundred day moving average is $33.44. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. The firm has a market cap of $57.33 billion, a PE ratio of 16.91, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. CSX Co. has a twelve month low of $28.98 and a twelve month high of $38.03.

CSX (NASDAQ:CSX) last posted its 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 anticipate that CSX Co. will post 1.83 EPS 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. This is an increase from CSX’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 annualized dividend and a dividend yield of 1.72%. CSX’s dividend payout ratio is currently 29.05%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Stephens restated an “overweight” rating and issued a $38.00 target price on shares of CSX in a research note on Friday, January 24th. Raymond James restated an “outperform” rating and issued a $37.00 target price (down from $38.00) on shares of CSX in a research note on Friday, January 24th. Susquehanna lowered their price objective on CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada cut their target price on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research report on Friday, January 24th. Finally, Benchmark reiterated a “buy” rating and set a $38.00 price target on shares of CSX in a research report on Monday, January 27th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, CSX has a consensus rating of “Moderate Buy” and a consensus target price of $37.00.

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.