Orion Portfolio Solutions LLC Acquires 27,698 Shares of CSX Co. (NASDAQ:CSX)

Orion Portfolio Solutions LLC grew its holdings in shares of CSX Co. (NASDAQ:CSX) by 13.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 229,524 shares of the transportation company’s stock after acquiring an additional 27,698 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in CSX were worth $7,407,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Pictet Asset Management Holding SA lifted its stake in shares of CSX by 7.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,129,708 shares of the transportation company’s stock valued at $36,456,000 after acquiring an additional 81,429 shares during the last quarter. Norges Bank acquired a new position in CSX in the 4th quarter worth about $780,194,000. Caisse Des Depots ET Consignations bought a new position in CSX in the fourth quarter valued at about $6,463,000. Loomis Sayles & Co. L P acquired a new stake in shares of CSX during the fourth quarter valued at about $70,000. Finally, NEOS Investment Management LLC grew its holdings in shares of CSX by 24.7% during the fourth quarter. NEOS Investment Management LLC now owns 254,416 shares of the transportation company’s stock worth $8,210,000 after purchasing an additional 50,364 shares during the last quarter. Institutional investors own 73.57% of the company’s stock.

Analysts Set New Price Targets

CSX has been the topic of a number of research reports. Robert W. Baird reduced 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. Susquehanna decreased their price objective on CSX from $39.00 to $37.00 and set a “positive” rating for the company in a report on Thursday. Royal Bank of Canada lowered their target price on CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a research report on Friday, January 24th. BMO Capital Markets reduced their price target on CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on CSX in a research report on Friday, March 7th. They set a “hold” rating and a $34.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, CSX has a consensus rating of “Moderate Buy” and a consensus target price of $36.75.

CSX Stock Down 2.7 %

CSX stock opened at $29.11 on Friday. The stock’s 50 day simple moving average is $31.75 and its 200 day simple moving average is $33.20. The company has a market cap of $54.86 billion, a P/E ratio of 16.26, a price-to-earnings-growth 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. CSX Co. has a fifty-two week low of $28.98 and a fifty-two week high of $37.10.

CSX (NASDAQ:CSX) last issued its 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 return on equity of 28.15% and a net margin of 23.95%. On average, research analysts expect that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.13 per share. This is a boost from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date was Friday, February 28th. CSX’s dividend payout ratio (DPR) is currently 29.05%.

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.