CSX Co. (NASDAQ:CSX) Shares Purchased by Bokf Na

Bokf Na raised its position in CSX Co. (NASDAQ:CSX) by 7.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 80,532 shares of the transportation company’s stock after acquiring an additional 5,419 shares during the quarter. Bokf Na’s holdings in CSX were worth $2,962,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its holdings in CSX by 18.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 64,807,961 shares of the transportation company’s stock valued at $2,246,893,000 after purchasing an additional 9,914,656 shares during the period. Capital International Investors boosted its stake in shares of CSX by 14.3% in the 4th quarter. Capital International Investors now owns 40,353,078 shares of the transportation company’s stock valued at $1,399,104,000 after buying an additional 5,041,679 shares during the period. Fisher Asset Management LLC boosted its stake in shares of CSX by 2.1% in the 4th quarter. Fisher Asset Management LLC now owns 22,378,276 shares of the transportation company’s stock valued at $775,855,000 after buying an additional 470,640 shares during the period. Norges Bank acquired a new position in shares of CSX during the fourth quarter worth about $757,276,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of CSX by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,217,832 shares of the transportation company’s stock worth $388,922,000 after buying an additional 135,169 shares during the period. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

CSX Price Performance

Shares of CSX stock traded up $0.30 during trading on Monday, hitting $34.62. 1,357,316 shares of the company were exchanged, compared to its average volume of 11,735,197. The firm has a 50 day moving average price of $33.45 and a 200 day moving average price of $35.05. The stock has a market capitalization of $67.68 billion, a price-to-earnings ratio of 18.86, a P/E/G ratio of 1.86 and a beta of 1.20. The company has a quick ratio of 1.00, a current ratio of 1.15 and a debt-to-equity ratio of 1.42. CSX Co. has a fifty-two week low of $29.03 and a fifty-two week high of $40.12.

CSX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be given a $0.12 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.48 annualized dividend and a dividend yield of 1.39%. CSX’s dividend payout ratio is currently 26.37%.

Analyst Ratings Changes

CSX has been the topic of a number of analyst reports. Susquehanna cut their price target on CSX from $44.00 to $40.00 and set a “positive” rating on the stock in a research note on Tuesday, June 25th. Wells Fargo & Company started coverage on shares of CSX in a research report on Friday, June 7th. They issued an “equal weight” rating and a $35.00 price target for the company. Stifel Nicolaus raised their price objective on CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Bank of America lowered shares of CSX from a “buy” rating to a “neutral” rating and set a $37.00 price objective on the stock. in a research note on Monday, July 8th. Finally, Sanford C. Bernstein increased their price target on CSX from $35.00 to $36.00 and gave the stock a “market perform” rating in a report on Monday, July 8th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $38.14.

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.