denkapparat Operations GmbH Takes $207,000 Position in CSX Co. (NASDAQ:CSX)

denkapparat Operations GmbH acquired a new position in shares of CSX Co. (NASDAQ:CSX) in the 4th quarter, HoldingsChannel reports. The fund acquired 6,402 shares of the transportation company’s stock, valued at approximately $207,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Orion Portfolio Solutions LLC grew its holdings in CSX by 13.7% in the 4th quarter. Orion Portfolio Solutions LLC now owns 229,524 shares of the transportation company’s stock valued at $7,407,000 after buying an additional 27,698 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in CSX by 7.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,129,708 shares of the transportation company’s stock valued at $36,456,000 after purchasing an additional 81,429 shares during the last quarter. Norges Bank acquired a new stake in CSX in the 4th quarter worth $780,194,000. Caisse Des Depots ET Consignations bought a new position in shares of CSX during the 4th quarter worth about $6,463,000. Finally, Loomis Sayles & Co. L P acquired a new position in shares of CSX during the fourth quarter valued at about $70,000. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Trading Down 2.7 %

CSX opened at $29.11 on Friday. CSX Co. has a 1-year low of $28.98 and a 1-year high of $37.10. The stock has a market capitalization of $54.86 billion, a PE ratio of 16.26, a PEG ratio of 1.92 and a beta of 1.25. 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 firm has a 50-day moving average price of $31.75 and a two-hundred day moving average price of $33.20.

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

CSX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.13 per share. The ex-dividend date was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.79%. This is an increase from CSX’s previous quarterly dividend of $0.12. CSX’s payout ratio is presently 29.05%.

Analyst Ratings Changes

CSX has been the topic of several research reports. Loop Capital lowered CSX from a “buy” rating to a “hold” rating and lowered their price target for the company from $40.00 to $34.00 in a research note on Monday, February 3rd. Citigroup reduced their target price on CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Jefferies Financial Group raised shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Friday, January 10th. Barclays reduced their price objective on shares of CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Finally, Benchmark reissued a “buy” rating and issued a $38.00 price target on shares of CSX in a research report on Monday, January 27th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $36.75.

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.