Natixis Advisors L.P. Grows Position in CSX Co. (NASDAQ:CSX)

Natixis Advisors L.P. increased its position in shares of CSX Co. (NASDAQ:CSX) by 11.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 784,680 shares of the transportation company’s stock after purchasing an additional 77,461 shares during the period. Natixis Advisors L.P.’s holdings in CSX were worth $27,204,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Fortitude Family Office LLC purchased a new stake in CSX in the 4th quarter valued at about $27,000. Life Planning Partners Inc purchased a new stake in CSX in the 4th quarter valued at about $27,000. Turtle Creek Wealth Advisors LLC purchased a new stake in CSX in the 4th quarter valued at about $34,000. Venturi Wealth Management LLC lifted its position in shares of CSX by 228.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 995 shares of the transportation company’s stock worth $31,000 after purchasing an additional 692 shares during the period. Finally, Avion Wealth lifted its position in shares of CSX by 450.5% in the 4th quarter. Avion Wealth now owns 1,002 shares of the transportation company’s stock worth $35,000 after purchasing an additional 820 shares during the period. 73.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CSX. Stifel Nicolaus upped their price target on shares of CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Royal Bank of Canada lowered their price target on shares of CSX from $37.00 to $36.00 and set a “sector perform” rating for the company in a research report on Thursday, April 18th. TD Cowen upped their price target on shares of CSX from $32.00 to $36.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. Raymond James upped their price target on shares of CSX from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 16th. Finally, Susquehanna boosted their price objective on shares of CSX from $42.00 to $44.00 and gave the stock a “positive” rating in a research note on Thursday, March 28th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

CSX Trading Up 0.8 %

Shares of CSX stock opened at $33.85 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.00 and a debt-to-equity ratio of 1.42. CSX Co. has a 12-month low of $29.03 and a 12-month high of $40.12. The firm has a market capitalization of $66.17 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 2.03 and a beta of 1.19. The firm’s 50 day simple moving average is $36.23 and its two-hundred day simple moving average is $34.54.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The business had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.66 billion. CSX had a net margin of 24.75% and a return on equity of 29.58%. CSX’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.48 EPS. Analysts predict that CSX Co. will post 1.95 EPS for the current year.

CSX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a $0.12 dividend. This is an increase from CSX’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend was Wednesday, February 28th. CSX’s dividend payout ratio is 26.37%.

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.