Fisher Asset Management LLC Raises Stock Position in CSX Co. (NASDAQ:CSX)

Fisher Asset Management LLC boosted its position in shares of CSX Co. (NASDAQ:CSX) by 1.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 24,956,467 shares of the transportation company’s stock after buying an additional 299,536 shares during the quarter. Fisher Asset Management LLC’s holdings in CSX were worth $805,345,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CSX. Valley Wealth Managers Inc. raised its stake in CSX by 177.8% during the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after purchasing an additional 480 shares during the period. Sierra Ocean LLC purchased a new position in CSX during the fourth quarter worth about $33,000. Center for Financial Planning Inc. raised its stake in CSX by 205.7% during the fourth quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company’s stock worth $35,000 after purchasing an additional 720 shares during the period. Addison Advisors LLC increased its position in shares of CSX by 348.5% during the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock valued at $36,000 after acquiring an additional 812 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. acquired a new stake in shares of CSX during the fourth quarter valued at about $39,000. 73.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CSX shares. Royal Bank of Canada dropped their price target on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a research report on Friday, January 24th. JPMorgan Chase & Co. dropped their price target on shares of CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Stephens reiterated an “overweight” rating and set a $38.00 price target on shares of CSX in a research report on Friday, January 24th. Wells Fargo & Company dropped their price target on shares of CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Finally, Susquehanna dropped their price target on shares of CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $37.16.

CSX Trading Down 0.0 %

NASDAQ CSX opened at $32.01 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. CSX Co. has a 52 week low of $31.43 and a 52 week high of $38.61. The stock has a market capitalization of $61.72 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23. The firm has a 50 day moving average of $32.60 and a two-hundred day moving average of $33.70.

CSX (NASDAQ:CSX) last posted its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 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%. As a group, research analysts expect that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from CSX’s previous quarterly dividend of $0.12. CSX’s payout ratio is currently 29.05%.

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.