Intrust Bank NA Raises Position in CSX Co. (NASDAQ:CSX)

Intrust Bank NA boosted its position in shares of CSX Co. (NASDAQ:CSX) by 10.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,035 shares of the transportation company’s stock after buying an additional 2,977 shares during the period. Intrust Bank NA’s holdings in CSX were worth $1,111,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Lazard Asset Management LLC raised its position in shares of CSX by 10.4% in the third quarter. Lazard Asset Management LLC now owns 29,191,044 shares of the transportation company’s stock valued at $897,624,000 after buying an additional 2,748,738 shares during the last quarter. Morgan Stanley grew its stake in CSX by 3.1% during the 3rd quarter. Morgan Stanley now owns 24,340,514 shares of the transportation company’s stock valued at $748,471,000 after acquiring an additional 739,411 shares in the last quarter. Northern Trust Corp grew its stake in CSX by 1.4% during the 3rd quarter. Northern Trust Corp now owns 21,307,242 shares of the transportation company’s stock valued at $655,198,000 after acquiring an additional 303,684 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of CSX by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,082,663 shares of the transportation company’s stock valued at $340,792,000 after buying an additional 56,856 shares during the period. Finally, Maj Invest Holding A S grew its stake in shares of CSX by 19.8% in the 3rd quarter. Maj Invest Holding A S now owns 8,383,233 shares of the transportation company’s stock valued at $257,785,000 after buying an additional 1,383,086 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Stock Down 0.9 %

Shares of CSX traded down $0.31 during midday trading on Tuesday, reaching $33.64. The stock had a trading volume of 2,362,970 shares, compared to its average volume of 12,217,994. CSX Co. has a 1-year low of $29.03 and a 1-year high of $40.12. The company’s fifty day simple moving average is $36.56 and its two-hundred day simple moving average is $34.53. The company has a market cap of $65.76 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 2.04 and a beta of 1.18. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.15 and a quick ratio of 1.00.

CSX (NASDAQ:CSX) last posted its earnings results on Wednesday, April 17th. The transportation company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The firm had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.66 billion. CSX had a net margin of 24.75% and a return on equity of 29.58%. The company’s revenue was down .8% on a year-over-year basis. During the same period last year, the firm posted $0.48 EPS. Equities research analysts expect that CSX Co. will post 1.95 earnings per share for the current year.

CSX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given a dividend of $0.12 per share. This is an increase from CSX’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 1.43%. The ex-dividend date was Wednesday, February 28th. CSX’s dividend payout ratio (DPR) is presently 26.37%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. BMO Capital Markets increased their price target on shares of CSX from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Raymond James increased their price objective on shares of CSX from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 16th. Jefferies Financial Group lowered their price objective on shares of CSX from $40.00 to $38.00 and set a “hold” rating for the company in a research report on Thursday, April 18th. Stifel Nicolaus increased their price objective on shares of CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Finally, TD Cowen increased their price objective on shares of CSX from $32.00 to $36.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. Five equities research analysts have rated the stock with a hold rating and twelve 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 $38.00.

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.