Brooklyn FI LLC Makes New Investment in CSX Co. (NASDAQ:CSX)

Brooklyn FI LLC bought a new position in shares of CSX Co. (NASDAQ:CSX) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 16,512 shares of the transportation company’s stock, valued at approximately $566,000.

Other large investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its position in CSX by 40.5% in the 4th quarter. Bank of New York Mellon Corp now owns 23,350,087 shares of the transportation company’s stock valued at $753,507,000 after buying an additional 6,730,316 shares during the period. Raymond James Financial Inc. bought a new stake in shares of CSX during the fourth quarter valued at approximately $85,959,000. Perpetual Ltd purchased a new stake in shares of CSX in the fourth quarter valued at approximately $83,301,000. River Road Asset Management LLC bought a new position in CSX in the fourth quarter worth approximately $46,861,000. Finally, FMR LLC increased its holdings in CSX by 10.2% during the 3rd quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock worth $539,112,000 after purchasing an additional 1,447,651 shares during the period. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Trading Down 0.6 %

NASDAQ CSX opened at $30.07 on Thursday. CSX Co. has a 12-month low of $28.98 and a 12-month high of $38.03. The company has a fifty day simple moving average of $32.12 and a two-hundred day simple moving average of $33.41. 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 stock has a market cap of $56.97 billion, a P/E ratio of 16.80, a P/E/G ratio of 1.92 and a beta of 1.25.

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

CSX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.13 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a yield of 1.73%. This is a positive change from CSX’s previous quarterly dividend of $0.12. CSX’s dividend payout ratio is currently 29.05%.

Analyst Ratings Changes

CSX has been the subject of several research reports. Wells Fargo & Company lowered their target price on CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. BMO Capital Markets dropped their target price on shares of CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, January 24th. JPMorgan Chase & Co. reduced their price target on shares of CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of CSX in a research note on Friday, March 7th. They set a “hold” rating and a $34.00 price objective on the stock. Finally, Citigroup reduced their price objective on shares of CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.00.

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.