UniSuper Management Pty Ltd Buys 643,350 Shares of CSX Co. (NASDAQ:CSX)

UniSuper Management Pty Ltd increased its stake in shares of CSX Co. (NASDAQ:CSX) by 58.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,745,130 shares of the transportation company’s stock after buying an additional 643,350 shares during the quarter. UniSuper Management Pty Ltd owned 0.09% of CSX worth $56,315,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CSX. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of CSX by 9.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,210,696 shares of the transportation company’s stock worth $103,834,000 after purchasing an additional 288,248 shares during the last quarter. Korea Investment CORP lifted its holdings in CSX by 3.7% during the 4th quarter. Korea Investment CORP now owns 1,570,501 shares of the transportation company’s stock valued at $50,680,000 after purchasing an additional 55,981 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in CSX in the fourth quarter valued at about $412,000. Mitsubishi UFJ Trust & Banking Corp grew its stake in CSX by 471.9% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,748,661 shares of the transportation company’s stock worth $217,808,000 after buying an additional 5,568,624 shares during the last quarter. Finally, Zions Bancorporation N.A. increased its holdings in shares of CSX by 7.8% during the fourth quarter. Zions Bancorporation N.A. now owns 7,326 shares of the transportation company’s stock worth $236,000 after buying an additional 533 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CSX shares. JPMorgan Chase & Co. decreased their price target on CSX from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Barclays lowered their target price on CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Susquehanna reduced their price target on shares of CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Raymond James restated an “outperform” rating and issued a $37.00 price objective (down previously from $38.00) on shares of CSX in a research report on Friday, January 24th. Finally, Jefferies Financial Group upgraded shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Friday, January 10th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $37.00.

CSX Trading Up 1.3 %

NASDAQ:CSX opened at $29.90 on Thursday. The firm has a market capitalization of $56.65 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 1.92 and a beta of 1.25. CSX Co. has a 1-year low of $28.98 and a 1-year high of $37.18. The business’s 50-day moving average price is $31.88 and its two-hundred day moving average price is $33.26. 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 (NASDAQ:CSX) last announced its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share 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, equities analysts expect that CSX Co. will post 1.83 earnings per share for the current year.

CSX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.74%. This is a boost from CSX’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, February 28th. CSX’s dividend payout ratio (DPR) is currently 29.05%.

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.