NorthRock Partners LLC Acquires 2,053 Shares of CSX Co. (NASDAQ:CSX)

NorthRock Partners LLC grew its stake in CSX Co. (NASDAQ:CSXFree Report) by 24.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,403 shares of the transportation company’s stock after purchasing an additional 2,053 shares during the quarter. NorthRock Partners LLC’s holdings in CSX were worth $361,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CSX. Lazard Asset Management LLC increased its stake in shares of CSX by 10.4% in the 3rd quarter. Lazard Asset Management LLC now owns 29,191,044 shares of the transportation company’s stock valued at $897,624,000 after acquiring an additional 2,748,738 shares during the last quarter. Morgan Stanley raised its holdings in CSX by 3.1% in the third quarter. Morgan Stanley now owns 24,340,514 shares of the transportation company’s stock worth $748,471,000 after purchasing an additional 739,411 shares during the period. Fisher Asset Management LLC boosted its position in shares of CSX by 2.1% during the fourth quarter. Fisher Asset Management LLC now owns 22,378,276 shares of the transportation company’s stock worth $775,855,000 after purchasing an additional 470,640 shares in the last quarter. Northern Trust Corp grew its holdings in shares of CSX by 1.4% in the 3rd quarter. Northern Trust Corp now owns 21,307,242 shares of the transportation company’s stock valued at $655,198,000 after buying an additional 303,684 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of CSX by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,217,832 shares of the transportation company’s stock valued at $388,922,000 after buying an additional 135,169 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors.

CSX Stock Performance

CSX stock traded down $0.41 during midday trading on Friday, reaching $33.52. 8,218,484 shares of the company’s stock were exchanged, compared to its average volume of 12,170,002. The stock’s 50-day simple moving average is $35.42 and its 200 day simple moving average is $34.82. The firm has a market cap of $65.53 billion, a price-to-earnings ratio of 18.42, a P/E/G ratio of 2.03 and a beta of 1.19. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.00 and a current ratio of 1.15. CSX Co. has a 52 week low of $29.03 and a 52 week high of $40.12.

CSX (NASDAQ:CSXGet Free Report) last posted its earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. CSX had a return on equity of 29.58% and a net margin of 24.75%. The business had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.66 billion. During the same period in the previous year, the firm earned $0.48 EPS. The firm’s revenue was down .8% compared to the same quarter last year. On average, analysts expect that CSX Co. will post 1.95 earnings per share for the current fiscal year.

CSX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Thursday, May 30th. CSX’s payout ratio is 26.37%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Bank of America reduced their target price on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. BMO Capital Markets raised their target price on shares of CSX from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Benchmark reaffirmed a “buy” rating and issued a $40.00 price target on shares of CSX in a research note on Thursday, April 18th. StockNews.com lowered shares of CSX from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, Stifel Nicolaus upped their target price on shares of CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $38.00.

Check Out Our Latest Research Report on CSX

CSX Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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