CSX Co. (NASDAQ:CSX) Stock Holdings Lifted by Flputnam Investment Management Co.

Flputnam Investment Management Co. lifted its holdings in shares of CSX Co. (NASDAQ:CSX) by 18.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,288 shares of the transportation company’s stock after buying an additional 3,142 shares during the period. Flputnam Investment Management Co.’s holdings in CSX were worth $655,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its stake in shares of CSX by 11.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 8,254 shares of the transportation company’s stock worth $285,000 after acquiring an additional 842 shares during the period. Princeton Global Asset Management LLC raised its holdings in CSX by 91.3% during the third quarter. Princeton Global Asset Management LLC now owns 3,061 shares of the transportation company’s stock worth $106,000 after purchasing an additional 1,461 shares in the last quarter. Clear Creek Financial Management LLC lifted its position in CSX by 5.8% in the third quarter. Clear Creek Financial Management LLC now owns 11,507 shares of the transportation company’s stock worth $397,000 after purchasing an additional 634 shares during the period. Janney Montgomery Scott LLC lifted its position in CSX by 0.4% in the third quarter. Janney Montgomery Scott LLC now owns 696,804 shares of the transportation company’s stock worth $24,061,000 after purchasing an additional 3,037 shares during the period. Finally, Van ECK Associates Corp increased its position in shares of CSX by 35.9% during the 3rd quarter. Van ECK Associates Corp now owns 956,778 shares of the transportation company’s stock valued at $32,139,000 after purchasing an additional 252,592 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CSX shares. JPMorgan Chase & Co. dropped their price target on shares of CSX from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Benchmark reissued a “buy” rating and set a $38.00 target price on shares of CSX in a research note on Monday, January 27th. Royal Bank of Canada reduced their target price on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a report on Friday, January 24th. 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. Finally, BMO Capital Markets reduced their price objective on CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, January 24th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, CSX presently has an average rating of “Moderate Buy” and an average price target of $37.16.

CSX Stock Performance

CSX opened at $31.93 on Tuesday. 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 market cap of $61.57 billion, a PE ratio of 17.84, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23. The stock has a 50-day moving average of $32.59 and a 200-day moving average of $33.69. CSX Co. has a 52-week low of $31.43 and a 52-week high of $38.61.

CSX (NASDAQ:CSX) last announced its earnings results 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 return on equity of 28.15% and a net margin of 23.95%. As a group, equities research analysts forecast that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from CSX’s previous quarterly dividend of $0.12. CSX’s dividend payout ratio (DPR) is 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.