Syon Capital LLC Boosts Stock Position in CSX Co. (NASDAQ:CSX)

Syon Capital LLC grew its stake in CSX Co. (NASDAQ:CSX) by 8.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,505 shares of the transportation company’s stock after buying an additional 1,875 shares during the quarter. Syon Capital LLC’s holdings in CSX were worth $815,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Value Partners Investments Inc. acquired a new position in CSX in the 3rd quarter worth about $1,172,000. Morgan Stanley raised its holdings in CSX by 3.1% in the 3rd quarter. Morgan Stanley now owns 24,340,514 shares of the transportation company’s stock worth $748,471,000 after purchasing an additional 739,411 shares during the period. International Assets Investment Management LLC raised its holdings in CSX by 3,241.9% in the 4th quarter. International Assets Investment Management LLC now owns 235,304 shares of the transportation company’s stock worth $8,158,000 after purchasing an additional 228,263 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in CSX by 5.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 723,344 shares of the transportation company’s stock worth $25,078,000 after purchasing an additional 34,730 shares during the period. Finally, Sapient Capital LLC acquired a new position in CSX in the 4th quarter worth about $1,279,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. StockNews.com cut CSX from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. TD Cowen increased their target price on CSX from $32.00 to $36.00 and gave the company a “market perform” rating in a report on Thursday, January 25th. UBS Group reduced their target price on CSX from $46.00 to $44.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Raymond James increased their target price on CSX from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Tuesday, January 16th. Finally, Bank of America reduced their target price on CSX from $40.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $38.00.

CSX Trading Down 0.1 %

CSX stock traded down $0.04 during mid-day trading on Friday, hitting $33.99. The company’s stock had a trading volume of 10,661,937 shares, compared to its average volume of 12,369,569. The firm has a market capitalization of $66.45 billion, a PE ratio of 18.70, a price-to-earnings-growth ratio of 2.02 and a beta of 1.18. CSX Co. has a 1 year low of $29.03 and a 1 year high of $40.12. The company has a current ratio of 1.15, a quick ratio of 1.00 and a debt-to-equity ratio of 1.42. The stock’s fifty day moving average is $36.67 and its two-hundred day moving average is $34.45.

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

CSX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a dividend of $0.12 per share. This is a positive change from CSX’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend was Wednesday, February 28th. CSX’s dividend payout ratio (DPR) is currently 26.37%.

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.