Mizuho Securities USA LLC Has $5.90 Million Stake in CSX Co. (NASDAQ:CSX)

Mizuho Securities USA LLC increased its stake in shares of CSX Co. (NASDAQ:CSX) by 45.4% during the fourth quarter, HoldingsChannel reports. The fund owned 182,770 shares of the transportation company’s stock after buying an additional 57,053 shares during the period. Mizuho Securities USA LLC’s holdings in CSX were worth $5,898,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CSX. Avior Wealth Management LLC raised its holdings in shares of CSX by 2.5% during the third quarter. Avior Wealth Management LLC now owns 11,790 shares of the transportation company’s stock worth $407,000 after acquiring an additional 293 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in CSX in the 3rd quarter valued at $754,000. Pacer Advisors Inc. increased its stake in CSX by 18.7% in the 3rd quarter. Pacer Advisors Inc. now owns 356,140 shares of the transportation company’s stock valued at $12,298,000 after buying an additional 56,109 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in CSX by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,592,143 shares of the transportation company’s stock valued at $400,277,000 after buying an additional 51,597 shares during the last quarter. Finally, Meridian Wealth Management LLC acquired a new stake in CSX in the 3rd quarter valued at $387,000. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Stock Performance

Shares of CSX stock opened at $29.57 on Friday. The company has a market capitalization of $56.02 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 1.92 and a beta of 1.25. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. The company has a 50-day simple moving average of $32.03 and a 200 day simple moving average of $33.35. CSX Co. has a 52 week low of $28.98 and a 52 week high of $37.40.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. On average, sell-side analysts predict that CSX Co. will post 1.83 earnings per share for the current year.

CSX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.13 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a yield of 1.76%. This is an increase from CSX’s previous quarterly dividend of $0.12. CSX’s payout ratio is currently 29.05%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CSX shares. Jefferies Financial Group upgraded shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Friday, January 10th. Raymond James reiterated an “outperform” rating and issued a $37.00 price target (down from $38.00) on shares of CSX in a research note on Friday, January 24th. Stephens reiterated an “overweight” rating and issued a $38.00 price target on shares of CSX in a research note on Friday, January 24th. JPMorgan Chase & Co. decreased their price objective 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. Finally, BMO Capital Markets decreased their price objective on shares of CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, January 24th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, CSX has a consensus rating of “Moderate Buy” and a consensus price target of $37.00.

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.