CSX Co. (NASDAQ:CSX) Shares Acquired by GPM Growth Investors Inc.

GPM Growth Investors Inc. grew its holdings in CSX Co. (NASDAQ:CSX) by 332.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,211 shares of the transportation company’s stock after purchasing an additional 83,180 shares during the quarter. CSX makes up approximately 1.5% of GPM Growth Investors Inc.’s portfolio, making the stock its 26th largest holding. GPM Growth Investors Inc.’s holdings in CSX were worth $3,492,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Farther Finance Advisors LLC boosted its position in CSX by 11.4% during the third quarter. Farther Finance Advisors LLC now owns 8,254 shares of the transportation company’s stock worth $285,000 after acquiring an additional 842 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in CSX by 18.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 355,061 shares of the transportation company’s stock worth $12,260,000 after acquiring an additional 56,163 shares during the last quarter. Catalyst Capital Advisors LLC boosted its position in CSX by 31.6% during the third quarter. Catalyst Capital Advisors LLC now owns 2,522 shares of the transportation company’s stock worth $87,000 after acquiring an additional 606 shares during the last quarter. Catalina Capital Group LLC boosted its position in CSX by 12.0% during the third quarter. Catalina Capital Group LLC now owns 6,925 shares of the transportation company’s stock worth $239,000 after acquiring an additional 741 shares during the last quarter. Finally, Foster & Motley Inc. boosted its position in CSX by 85.5% during the third quarter. Foster & Motley Inc. now owns 41,823 shares of the transportation company’s stock worth $1,444,000 after acquiring an additional 19,280 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CSX has been the topic of a number of analyst reports. Raymond James restated an “outperform” rating and set a $37.00 target price (down previously from $38.00) on shares of CSX in a research report on Friday, January 24th. Barclays decreased their target price on shares of CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Benchmark reaffirmed a “buy” rating and set a $38.00 price target on shares of CSX in a research note on Monday, January 27th. BMO Capital Markets cut their price target on shares of CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, January 24th. Finally, Robert W. Baird cut their price target on shares of CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, January 24th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $37.16.

CSX Stock Performance

CSX stock opened at $30.92 on Thursday. CSX Co. has a 12-month low of $30.62 and a 12-month high of $38.51. The company has a market capitalization of $59.63 billion, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23. 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 firm’s fifty day moving average price is $32.53 and its 200 day moving average price is $33.66.

CSX (NASDAQ:CSX) last released its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. On average, research analysts forecast that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.13 per share. This is an increase from CSX’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.52 annualized dividend and a yield of 1.68%. CSX’s payout ratio is 29.05%.

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.