OMERS ADMINISTRATION Corp Acquires 13,880 Shares of CSX Co. (NASDAQ:CSX)

OMERS ADMINISTRATION Corp lifted its holdings in shares of CSX Co. (NASDAQ:CSX) by 20.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,555 shares of the transportation company’s stock after buying an additional 13,880 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in CSX were worth $2,664,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CSX. Marshall & Sterling Wealth Advisors Inc. bought a new position in CSX in the fourth quarter valued at $27,000. Accredited Wealth Management LLC bought a new position in shares of CSX during the 4th quarter valued at about $29,000. SBI Securities Co. Ltd. purchased a new position in shares of CSX during the 4th quarter valued at about $31,000. Sierra Ocean LLC bought a new stake in CSX in the 4th quarter worth approximately $33,000. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its stake in CSX by 219.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,040 shares of the transportation company’s stock worth $34,000 after buying an additional 714 shares in the last quarter. 73.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CSX. Wells Fargo & Company lowered their target price on CSX from $31.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, April 17th. Robert W. Baird dropped their price objective on CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft started coverage on shares of CSX in a research note on Friday, March 7th. They issued a “hold” rating and a $34.00 target price on the stock. Susquehanna cut their price target on shares of CSX from $37.00 to $35.00 and set a “positive” rating on the stock in a report on Thursday, April 17th. Finally, UBS Group lowered their price objective on shares of CSX from $36.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.90.

CSX Trading Up 1.6%

Shares of CSX stock opened at $31.03 on Thursday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. The company has a market cap of $58.29 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 1.92 and a beta of 1.22. CSX Co. has a 1 year low of $26.22 and a 1 year high of $37.10. The firm has a fifty day moving average price of $28.76 and a 200-day moving average price of $31.81.

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

CSX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Friday, May 30th. CSX’s payout ratio is 31.14%.

CSX 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.