Gulf International Bank UK Ltd Raises Stake in CSX Co. (NASDAQ:CSX)

Gulf International Bank UK Ltd boosted its position in CSX Co. (NASDAQ:CSX) by 0.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,887 shares of the transportation company’s stock after buying an additional 713 shares during the quarter. Gulf International Bank UK Ltd’s holdings in CSX were worth $6,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position 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 last quarter. Capital International Investors raised its holdings in shares of CSX by 14.3% during the fourth quarter. Capital International Investors now owns 40,353,078 shares of the transportation company’s stock valued at $1,399,104,000 after acquiring an additional 5,041,679 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of CSX by 10.4% during the third 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 in the last quarter. Morgan Stanley raised its holdings in shares of CSX by 3.1% during the third quarter. Morgan Stanley now owns 24,340,514 shares of the transportation company’s stock valued at $748,471,000 after acquiring an additional 739,411 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings 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 valued at $775,855,000 after acquiring an additional 470,640 shares in the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Trading Up 0.3 %

CSX stock opened at $33.41 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.15 and a quick ratio of 1.00. CSX Co. has a one year low of $29.03 and a one year high of $40.12. The stock has a market capitalization of $65.31 billion, a PE ratio of 18.36, a price-to-earnings-growth ratio of 1.72 and a beta of 1.19. The business’s fifty day moving average is $33.61 and its 200 day moving average is $35.13.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Wednesday, April 17th. The transportation company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.45 by $0.01. CSX had a return on equity of 29.58% and a net margin of 24.75%. The company had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.66 billion. During the same period last year, the firm posted $0.48 earnings per share. CSX’s revenue was down .8% compared to the same quarter last year. On average, sell-side analysts predict that CSX Co. will post 1.96 EPS for the current year.

CSX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date was Friday, May 31st. CSX’s dividend payout ratio is 26.37%.

Wall Street Analyst Weigh In

CSX has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their target price on CSX from $37.00 to $39.00 and gave the company a “buy” rating in a report on Friday, April 12th. Royal Bank of Canada decreased their target price on CSX from $37.00 to $36.00 and set a “sector perform” rating for the company in a report on Thursday, April 18th. Wells Fargo & Company started coverage on CSX in a research note on Friday, June 7th. They issued an “equal weight” rating and a $35.00 price target on the stock. UBS Group reduced their price target on CSX from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Finally, Jefferies Financial Group reduced their price target on CSX from $40.00 to $38.00 and set a “hold” rating on the stock in a research note on Thursday, April 18th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, CSX currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.82.

CSX Company 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.