Amundi Has $311.58 Million Position in CSX Co. (NASDAQ:CSX)

Amundi lowered its holdings in CSX Co. (NASDAQ:CSX) by 12.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,676,261 shares of the transportation company’s stock after selling 1,382,075 shares during the quarter. Amundi owned about 0.50% of CSX worth $311,576,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Valley Wealth Managers Inc. raised its position in shares of CSX by 177.8% during the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after acquiring an additional 480 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of CSX during the fourth quarter worth $31,000. Sierra Ocean LLC bought a new stake in shares of CSX during the fourth quarter worth $33,000. Addison Advisors LLC raised its position in shares of CSX by 348.5% during the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock worth $36,000 after acquiring an additional 812 shares during the last quarter. Finally, Center for Financial Planning Inc. raised its position in shares of CSX by 205.7% during the fourth quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company’s stock worth $35,000 after acquiring an additional 720 shares during the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Stock Up 1.1 %

Shares of CSX stock opened at $31.26 on Friday. 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 capitalization of $59.23 billion, a P/E ratio of 17.46, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The business has a 50-day moving average of $32.48 and a two-hundred day moving average of $33.62. CSX Co. has a 1 year low of $30.55 and a 1 year high of $38.35.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share 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%. As a group, equities analysts predict that CSX Co. will post 1.83 EPS for the current year.

CSX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.13 per share. This is a boost from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Friday, February 28th. CSX’s dividend payout ratio is currently 29.05%.

Wall Street Analyst Weigh In

CSX has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on CSX in a research report on Friday. They set a “hold” rating and a $34.00 target price for the company. Citigroup dropped 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. Benchmark reiterated a “buy” rating and issued a $38.00 price objective on shares of CSX in a report on Monday, January 27th. Barclays dropped their price objective on CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Finally, Loop Capital downgraded CSX from a “buy” rating to a “hold” rating and dropped their price objective for the company from $40.00 to $34.00 in a report on Monday, February 3rd. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, CSX presently has a consensus rating of “Moderate Buy” and an average price target of $37.00.

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.