Graypoint LLC Grows Stock Holdings in CSX Co. (NASDAQ:CSX)

Graypoint LLC boosted its stake in shares of CSX Co. (NASDAQ:CSX) by 12.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,010 shares of the transportation company’s stock after buying an additional 1,206 shares during the period. Graypoint LLC’s holdings in CSX were worth $382,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CSX. Soroban Capital Partners LP grew its holdings in shares of CSX by 0.8% in the fourth quarter. Soroban Capital Partners LP now owns 58,100,864 shares of the transportation company’s stock valued at $1,799,965,000 after purchasing an additional 470,000 shares during the period. Geode Capital Management LLC grew 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 buying an additional 690,267 shares during the period. Lazard Asset Management LLC increased its holdings in shares of CSX by 10.4% during the 3rd quarter. Lazard Asset Management LLC now owns 29,191,044 shares of the transportation company’s stock worth $897,624,000 after buying an additional 2,748,738 shares during the last quarter. Morgan Stanley raised its position in shares of CSX by 3.1% during the 3rd quarter. Morgan Stanley now owns 24,340,514 shares of the transportation company’s stock valued at $748,471,000 after buying an additional 739,411 shares during the period. Finally, Moneta Group Investment Advisors LLC lifted its holdings in CSX by 101,926.4% in the fourth 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 last quarter. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

CSX Stock Down 0.3 %

Shares of NASDAQ CSX opened at $35.34 on Monday. The stock has a fifty day moving average price of $37.11 and a 200 day moving average price of $34.26. The company has a market cap of $69.18 billion, a P/E ratio of 19.21, a P/E/G ratio of 2.04 and a beta of 1.18. CSX Co. has a 12-month low of $29.03 and a 12-month high of $40.12. The company has a current ratio of 1.05, a quick ratio of 0.91 and a debt-to-equity ratio of 1.48.

CSX (NASDAQ:CSX) last announced its 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. CSX had a return on equity of 30.52% and a net margin of 25.35%. The business had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.63 billion. During the same period last year, the business posted $0.49 EPS. The company’s revenue was down 1.3% on a year-over-year basis. Research analysts anticipate that CSX Co. will post 1.97 EPS for the current fiscal year.

CSX Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a dividend of $0.12 per share. The ex-dividend date was Wednesday, February 28th. This is an increase from CSX’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 1.36%. CSX’s dividend payout ratio (DPR) is currently 26.09%.

Wall Street Analysts Forecast Growth

CSX has been the topic of a number of research analyst reports. BMO Capital Markets lifted their target price on CSX from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. JPMorgan Chase & Co. decreased their price target on shares of CSX from $40.00 to $39.00 and set an “overweight” rating for the company in a research report on Thursday, December 21st. Stifel Nicolaus boosted their price target on shares of CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Friday. Royal Bank of Canada reiterated a “sector perform” rating and set a $34.00 price target on shares of CSX in a research report on Thursday, January 25th. Finally, Susquehanna increased their price target on shares of CSX from $42.00 to $44.00 and gave the company a “positive” rating in a research report on Thursday, March 28th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, CSX has a consensus rating of “Moderate Buy” and a consensus price target of $37.28.

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.