International Assets Investment Management LLC Raises Stock Holdings in CSX Co. (NASDAQ:CSX)

International Assets Investment Management LLC raised its position in CSX Co. (NASDAQ:CSX) by 3,241.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 235,304 shares of the transportation company’s stock after buying an additional 228,263 shares during the period. International Assets Investment Management LLC’s holdings in CSX were worth $8,158,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Soroban Capital Partners LP increased its holdings in shares of CSX by 0.8% during the 4th quarter. Soroban Capital Partners LP now owns 58,100,864 shares of the transportation company’s stock worth $1,799,965,000 after buying an additional 470,000 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of CSX by 1.8% in the 1st quarter. Geode Capital Management LLC now owns 39,236,265 shares of the transportation company’s stock valued at $1,172,727,000 after acquiring an additional 690,267 shares during the period. Lazard Asset Management LLC raised its stake in shares of CSX by 10.4% in the 3rd quarter. Lazard Asset Management LLC now owns 29,191,044 shares of the transportation company’s stock valued at $897,624,000 after acquiring an additional 2,748,738 shares during the period. Morgan Stanley raised its stake in shares of CSX by 3.1% in the 3rd quarter. Morgan Stanley now owns 24,340,514 shares of the transportation company’s stock valued at $748,471,000 after acquiring an additional 739,411 shares during the period. Finally, Moneta Group Investment Advisors LLC raised its stake in shares of CSX by 101,926.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 23,323,241 shares of the transportation company’s stock valued at $722,554,000 after acquiring an additional 23,300,381 shares during the period. 73.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CSX has been the topic of a number of research analyst reports. Raymond James boosted their price target on shares of CSX from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Tuesday, January 16th. Stifel Nicolaus increased their price target on shares of CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday. Royal Bank of Canada reissued a “sector perform” rating and set a $34.00 price target on shares of CSX in a research report on Thursday, January 25th. Benchmark increased their price target on shares of CSX from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. reduced their price target on shares of CSX from $40.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, December 21st. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $37.28.

CSX Stock Down 0.3 %

Shares of NASDAQ:CSX opened at $35.34 on Friday. The stock has a market cap of $69.18 billion, a price-to-earnings ratio of 19.21, a price-to-earnings-growth ratio of 2.05 and a beta of 1.18. CSX Co. has a fifty-two week low of $29.03 and a fifty-two week high of $40.12. The company has a quick ratio of 0.91, a current ratio of 1.05 and a debt-to-equity ratio of 1.48. The firm’s 50 day moving average price is $37.11 and its 200 day moving average price is $34.23.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. The company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.63 billion. CSX had a net margin of 25.35% and a return on equity of 30.52%. The firm’s revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.49 earnings per share. As a group, equities research analysts predict that CSX Co. will post 1.97 earnings per share for the current fiscal year.

CSX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a $0.12 dividend. This is a positive change from CSX’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Wednesday, February 28th. CSX’s dividend payout ratio is currently 26.09%.

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.