6,458 Shares in CSX Co. (NASDAQ:CSX) Bought by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. bought a new position in shares of CSX Co. (NASDAQ:CSX) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 6,458 shares of the transportation company’s stock, valued at approximately $224,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CSX. Meridian Wealth Management LLC boosted its position in shares of CSX by 89.8% during the 3rd quarter. Meridian Wealth Management LLC now owns 22,956 shares of the transportation company’s stock worth $706,000 after acquiring an additional 10,862 shares in the last quarter. Strategic Blueprint LLC boosted its position in shares of CSX by 44.3% in the 3rd quarter. Strategic Blueprint LLC now owns 10,188 shares of the transportation company’s stock valued at $313,000 after purchasing an additional 3,126 shares during the period. Koshinski Asset Management Inc. boosted its position in shares of CSX by 5.2% in the 3rd quarter. Koshinski Asset Management Inc. now owns 17,048 shares of the transportation company’s stock valued at $524,000 after purchasing an additional 840 shares during the period. Secure Asset Management LLC boosted its position in shares of CSX by 18.2% in the 3rd quarter. Secure Asset Management LLC now owns 17,950 shares of the transportation company’s stock valued at $552,000 after purchasing an additional 2,762 shares during the period. Finally, Czech National Bank boosted its position in shares of CSX by 45.7% in the 3rd quarter. Czech National Bank now owns 350,666 shares of the transportation company’s stock valued at $10,783,000 after purchasing an additional 109,992 shares during the period. 73.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. BMO Capital Markets upped their target price on CSX from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. UBS Group reduced their price objective on CSX from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Raymond James upped their price objective on CSX from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Tuesday, January 16th. Benchmark reaffirmed a “buy” rating and set a $40.00 price objective on shares of CSX in a research note on Thursday, April 18th. Finally, Jefferies Financial Group reduced their price objective on CSX from $40.00 to $38.00 and set a “hold” rating for the company in a research note on Thursday, April 18th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.00.

CSX Price Performance

CSX stock traded down $0.04 during mid-day trading on Friday, hitting $33.99. 10,661,942 shares of the company were exchanged, compared to its average volume of 12,369,838. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.15 and a quick ratio of 1.00. The business’s 50 day simple moving average is $36.61 and its two-hundred day simple moving average is $34.47. The company has a market capitalization of $66.45 billion, a P/E ratio of 18.68, a PEG ratio of 2.02 and a beta of 1.18. CSX Co. has a 12-month low of $29.03 and a 12-month high of $40.12.

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

CSX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.48 dividend on an annualized basis and a yield of 1.41%. This is a boost from CSX’s previous quarterly dividend of $0.11. CSX’s dividend payout ratio (DPR) is presently 26.37%.

About CSX

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.