Fisher Asset Management LLC Increases Holdings in CSX Co. (NASDAQ:CSX)

Fisher Asset Management LLC raised its stake in shares of CSX Co. (NASDAQ:CSX) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,378,276 shares of the transportation company’s stock after buying an additional 470,640 shares during the period. Fisher Asset Management LLC’s holdings in CSX were worth $775,855,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CSX. Commonwealth Equity Services LLC increased its stake in shares of CSX by 1.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 889,160 shares of the transportation company’s stock worth $27,342,000 after purchasing an additional 11,723 shares in the last quarter. Pinnacle Associates Ltd. increased its stake in shares of CSX by 0.8% in the 3rd quarter. Pinnacle Associates Ltd. now owns 119,185 shares of the transportation company’s stock worth $3,665,000 after purchasing an additional 968 shares in the last quarter. FinTrust Capital Advisors LLC increased its stake in shares of CSX by 41.7% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 1,511 shares of the transportation company’s stock worth $46,000 after purchasing an additional 445 shares in the last quarter. Raymond James & Associates increased its stake in shares of CSX by 3.7% in the 3rd quarter. Raymond James & Associates now owns 1,584,544 shares of the transportation company’s stock worth $48,725,000 after purchasing an additional 57,053 shares in the last quarter. Finally, Simon Quick Advisors LLC increased its stake in shares of CSX by 6.8% in the 3rd quarter. Simon Quick Advisors LLC now owns 9,330 shares of the transportation company’s stock worth $287,000 after purchasing an additional 596 shares in the last quarter. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

CSX Trading Up 0.3 %

Shares of NASDAQ:CSX traded up $0.09 during trading on Thursday, reaching $33.29. The company’s stock had a trading volume of 2,093,055 shares, compared to its average volume of 12,289,191. 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’s 50 day simple moving average is $36.41 and its two-hundred day simple moving average is $34.53. The stock has a market capitalization of $65.08 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 1.99 and a beta of 1.19.

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

CSX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors 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. The ex-dividend date was Wednesday, February 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.44%. CSX’s dividend payout ratio (DPR) is presently 26.37%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CSX. TD Cowen increased their price target on CSX from $32.00 to $36.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. Stifel Nicolaus increased their price target on CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Bank of America cut their price target on CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. UBS Group cut their price target on CSX from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Finally, Raymond James increased their price target on CSX from $35.00 to $38.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 16th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $38.00.

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.