Daiwa Securities Group Inc. Has $14.49 Million Stock Position in CSX Co. (NASDAQ:CSX)

Daiwa Securities Group Inc. raised its position in CSX Co. (NASDAQ:CSX) by 3.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 449,113 shares of the transportation company’s stock after purchasing an additional 16,032 shares during the period. Daiwa Securities Group Inc.’s holdings in CSX were worth $14,493,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. FWG Holdings LLC raised its holdings in shares of CSX by 4.8% in the 4th quarter. FWG Holdings LLC now owns 13,402 shares of the transportation company’s stock worth $436,000 after acquiring an additional 614 shares during the last quarter. Isthmus Partners LLC bought a new stake in shares of CSX during the 4th quarter worth $389,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of CSX by 1.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 812,683 shares of the transportation company’s stock valued at $26,225,000 after buying an additional 11,331 shares during the last quarter. Sound View Wealth Advisors Group LLC raised its position in CSX by 3.9% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 23,352 shares of the transportation company’s stock valued at $754,000 after purchasing an additional 872 shares during the last quarter. Finally, Argentarii LLC purchased a new position in shares of CSX during the fourth quarter valued at about $703,000. Institutional investors own 73.57% of the company’s stock.

CSX Stock Down 2.0 %

Shares of NASDAQ CSX opened at $30.65 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The company has a 50-day moving average of $32.45 and a 200 day moving average of $33.61. The stock has a market cap of $58.07 billion, a PE ratio of 17.12, a P/E/G ratio of 1.92 and a beta of 1.25. CSX Co. has a 12-month low of $30.55 and a 12-month high of $38.35.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (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, sell-side analysts predict that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.70%. This is a boost from CSX’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, February 28th. CSX’s dividend payout ratio is 29.05%.

Wall Street Analyst Weigh In

CSX has been the topic of a number of research reports. Robert W. Baird dropped their target price on shares of CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, January 24th. Jefferies Financial Group upgraded shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Friday, January 10th. Royal Bank of Canada decreased their target price on CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research report on Friday, January 24th. Stephens reiterated an “overweight” rating and issued a $38.00 target price on shares of CSX in a report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft began coverage on CSX in a research note on Friday. They issued a “hold” rating and a $34.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average 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.