Ethic Inc. Buys 5,224 Shares of CSX Co. (NASDAQ:CSX)

Ethic Inc. lifted its stake in shares of CSX Co. (NASDAQ:CSX) by 4.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 112,163 shares of the transportation company’s stock after buying an additional 5,224 shares during the quarter. Ethic Inc.’s holdings in CSX were worth $3,620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Wellington Management Group LLP raised its position in shares of CSX by 14.7% in the 4th quarter. Wellington Management Group LLP now owns 117,579 shares of the transportation company’s stock worth $3,794,000 after acquiring an additional 15,029 shares in the last quarter. Marshall Financial Group LLC purchased a new position in CSX during the fourth quarter valued at $1,084,000. Carnegie Investment Counsel boosted its holdings in shares of CSX by 1.4% during the 4th quarter. Carnegie Investment Counsel now owns 612,051 shares of the transportation company’s stock valued at $19,751,000 after buying an additional 8,474 shares in the last quarter. Waycross Partners LLC grew its position in shares of CSX by 7.0% in the 4th quarter. Waycross Partners LLC now owns 619,471 shares of the transportation company’s stock worth $19,990,000 after buying an additional 40,611 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in shares of CSX by 1.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,061,143 shares of the transportation company’s stock worth $34,243,000 after acquiring an additional 20,073 shares in the last quarter. 73.57% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Susquehanna dropped their price objective on shares of CSX from $37.00 to $35.00 and set a “positive” rating on the stock in a research note on Thursday, April 17th. Stifel Nicolaus dropped their price target on CSX from $37.00 to $34.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Citigroup reduced their price objective on CSX from $39.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. dropped their target price on CSX from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Finally, Loop Capital downgraded CSX from a “buy” rating to a “hold” rating and reduced their price target for the company from $40.00 to $34.00 in a report on Monday, February 3rd. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, CSX has an average rating of “Moderate Buy” and a consensus price target of $33.86.

CSX Stock Performance

CSX opened at $28.74 on Friday. The company’s 50 day moving average is $28.78 and its 200 day moving average is $31.85. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The company has a market cap of $53.99 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 1.92 and a beta of 1.22. CSX Co. has a 12-month low of $26.22 and a 12-month high of $37.10.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Wednesday, April 16th. The transportation company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.05). The business had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.53 billion. CSX had a return on equity of 28.15% and a net margin of 23.95%. On average, equities research analysts predict that CSX Co. will post 1.83 EPS for the current year.

CSX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Friday, May 30th. CSX’s payout ratio is 31.14%.

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.