CSX Co. (NASDAQ:CSX) Shares Purchased by Versor Investments LP

Versor Investments LP boosted its position in CSX Co. (NASDAQ:CSX) by 78.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,259 shares of the transportation company’s stock after purchasing an additional 16,787 shares during the period. Versor Investments LP’s holdings in CSX were worth $1,235,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CSX. International Assets Investment Management LLC acquired a new stake in CSX in the third quarter worth approximately $5,767,000. Childress Capital Advisors LLC increased its holdings in shares of CSX by 6.3% in the third quarter. Childress Capital Advisors LLC now owns 6,742 shares of the transportation company’s stock valued at $233,000 after buying an additional 397 shares in the last quarter. First Trust Direct Indexing L.P. increased its holdings in shares of CSX by 7.2% in the third quarter. First Trust Direct Indexing L.P. now owns 63,317 shares of the transportation company’s stock valued at $2,186,000 after buying an additional 4,266 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV increased its holdings in shares of CSX by 8.3% in the third quarter. Hudson Valley Investment Advisors Inc. ADV now owns 255,765 shares of the transportation company’s stock valued at $8,832,000 after buying an additional 19,642 shares in the last quarter. Finally, Catalyst Financial Partners LLC increased its holdings in shares of CSX by 44.7% in the third quarter. Catalyst Financial Partners LLC now owns 20,297 shares of the transportation company’s stock valued at $701,000 after buying an additional 6,266 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Price Performance

Shares of NASDAQ:CSX opened at $32.01 on Friday. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. CSX Co. has a 1 year low of $31.43 and a 1 year high of $38.61. The business has a fifty day simple moving average of $32.60 and a 200 day simple moving average of $33.71. The firm has a market cap of $61.73 billion, a price-to-earnings ratio of 17.88, a P/E/G ratio of 1.92 and a beta of 1.23.

CSX (NASDAQ:CSX) last announced 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 earnings per share for the current fiscal year.

CSX Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.13 per share. This is a positive change from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 1.62%. The ex-dividend date is Friday, February 28th. CSX’s dividend payout ratio (DPR) is 29.05%.

Analysts Set New Price Targets

Several research analysts have issued reports on CSX shares. Susquehanna dropped their price target on CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Barclays dropped their price target on CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. BMO Capital Markets dropped their price target on CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, January 24th. Loop Capital downgraded shares of CSX from a “buy” rating to a “hold” rating and cut their target price for the company from $40.00 to $34.00 in a research note on Monday, February 3rd. Finally, Raymond James restated an “outperform” rating and issued a $37.00 target price (down previously from $38.00) on shares of CSX in a report on Friday, January 24th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $37.16.

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.