CSX Co. (NASDAQ:CSX) Shares Bought by Gilbert & Cook Inc.

Gilbert & Cook Inc. raised its position in CSX Co. (NASDAQ:CSXFree Report) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,037 shares of the transportation company’s stock after purchasing an additional 798 shares during the quarter. Gilbert & Cook Inc.’s holdings in CSX were worth $660,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CSX. 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. PNC Financial Services Group Inc. increased its stake in CSX by 68.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,234,797 shares of the transportation company’s stock worth $160,970,000 after buying an additional 2,119,965 shares during the period. Adage Capital Partners GP L.L.C. increased its stake in CSX by 43.8% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 4,752,117 shares of the transportation company’s stock worth $146,128,000 after buying an additional 1,446,685 shares during the period. Alua Capital Management LP purchased a new stake in CSX during the 3rd quarter worth approximately $38,631,000. Finally, Nordea Investment Management AB increased its stake in CSX by 85.7% during the 3rd quarter. Nordea Investment Management AB now owns 1,865,006 shares of the transportation company’s stock worth $57,964,000 after buying an additional 860,880 shares during the period. 73.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CSX has been the topic of several recent research reports. UBS Group cut their target price on shares of CSX from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Bank of America cut their target price on shares of CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Stifel Nicolaus upped their target price on shares of CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Benchmark reissued a “buy” rating and issued a $40.00 price objective on shares of CSX in a research report on Thursday, April 18th. Finally, Jefferies Financial Group dropped their price objective on shares of CSX from $40.00 to $38.00 and set a “hold” rating on the stock in a research report on Thursday, April 18th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, CSX currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.00.

Get Our Latest Analysis on CSX

CSX Stock Up 1.4 %

Shares of NASDAQ:CSX opened at $33.75 on Monday. The stock has a market cap of $65.98 billion, a P/E ratio of 18.54, a P/E/G ratio of 1.75 and a beta of 1.19. The firm has a fifty day moving average price of $34.64 and a 200 day moving average price of $35.10. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.15 and a quick ratio of 1.00. CSX Co. has a 1-year low of $29.03 and a 1-year high of $40.12.

CSX (NASDAQ:CSXGet Free Report) last issued its quarterly earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. CSX had a net margin of 24.75% and a return on equity of 29.58%. The firm had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.66 billion. During the same quarter in the prior year, the business earned $0.48 EPS. CSX’s quarterly revenue was down .8% compared to the same quarter last year. Sell-side analysts predict that CSX Co. will post 1.96 EPS for the current year.

CSX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Friday, May 31st. CSX’s dividend payout ratio (DPR) is presently 26.37%.

CSX Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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