UniSuper Management Pty Ltd Has $56.32 Million Stock Position in CSX Co. (NASDAQ:CSX)

UniSuper Management Pty Ltd grew its stake in CSX Co. (NASDAQ:CSX) by 58.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,745,130 shares of the transportation company’s stock after buying an additional 643,350 shares during the quarter. UniSuper Management Pty Ltd’s holdings in CSX were worth $56,315,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its position in CSX by 40.5% during the 4th quarter. Bank of New York Mellon Corp now owns 23,350,087 shares of the transportation company’s stock worth $753,507,000 after acquiring an additional 6,730,316 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of CSX by 471.9% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,748,661 shares of the transportation company’s stock valued at $217,808,000 after purchasing an additional 5,568,624 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of CSX in the fourth quarter worth $85,959,000. Perpetual Ltd acquired a new position in CSX during the fourth quarter worth $83,301,000. Finally, Sound Shore Management Inc. CT bought a new position in CSX in the fourth quarter valued at $67,825,000. Institutional investors own 73.57% of the company’s stock.

CSX Trading Up 1.3 %

Shares of NASDAQ:CSX opened at $29.90 on Thursday. CSX Co. has a 12-month low of $28.98 and a 12-month high of $37.18. The business has a 50 day moving average of $31.88 and a 200-day moving average of $33.26. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. The stock has a market cap of $56.65 billion, a PE ratio of 16.70, a P/E/G ratio of 1.92 and a beta of 1.25.

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 net margin of 23.95% and a return on equity of 28.15%. As a group, equities research analysts forecast that CSX Co. will post 1.83 earnings per share for the current year.

CSX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.13 dividend. The ex-dividend date was Friday, February 28th. This is an increase from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 1.74%. CSX’s dividend payout ratio is 29.05%.

Wall Street Analysts Forecast Growth

CSX has been the topic of several analyst reports. 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 report on Friday, January 24th. Jefferies Financial Group raised CSX from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Friday, January 10th. Raymond James reaffirmed an “outperform” rating and set a $37.00 price target (down previously from $38.00) on shares of CSX in a research report on Friday, January 24th. Wells Fargo & Company dropped their price objective on CSX from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Finally, Barclays decreased their target price on shares of CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.