Tokio Marine Asset Management Co. Ltd. Raises Stock Holdings in CSX Co. (NASDAQ:CSX)

Tokio Marine Asset Management Co. Ltd. boosted its holdings in CSX Co. (NASDAQ:CSX) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,426 shares of the transportation company’s stock after buying an additional 1,320 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in CSX were worth $1,471,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Atria Wealth Solutions Inc. boosted its position in shares of CSX by 1.6% during the 4th quarter. Atria Wealth Solutions Inc. now owns 87,117 shares of the transportation company’s stock valued at $3,020,000 after acquiring an additional 1,341 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its position in CSX by 10.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 17,365 shares of the transportation company’s stock valued at $564,000 after buying an additional 1,576 shares during the period. GAMMA Investing LLC bought a new position in shares of CSX during the fourth quarter valued at about $428,000. Community Bank & Trust Waco Texas increased its holdings in shares of CSX by 13.0% in the fourth quarter. Community Bank & Trust Waco Texas now owns 52,191 shares of the transportation company’s stock worth $1,809,000 after buying an additional 6,007 shares during the period. Finally, PDS Planning Inc lifted its stake in shares of CSX by 26.9% in the 4th quarter. PDS Planning Inc now owns 10,556 shares of the transportation company’s stock valued at $366,000 after acquiring an additional 2,235 shares during the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CSX. Stifel Nicolaus raised their price target on CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Susquehanna upped their price target on shares of CSX from $42.00 to $44.00 and gave the company a “positive” rating in a report on Thursday, March 28th. UBS Group cut their price target on shares of CSX from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Royal Bank of Canada lowered their price objective on shares of CSX from $37.00 to $36.00 and set a “sector perform” rating for the company in a research note on Thursday, April 18th. Finally, StockNews.com cut CSX from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $38.00.

CSX Price Performance

Shares of CSX traded down $0.06 during mid-day trading on Friday, reaching $33.97. The stock had a trading volume of 853,268 shares, compared to its average volume of 12,245,131. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.00 and a current ratio of 1.15. CSX Co. has a 12 month low of $29.03 and a 12 month high of $40.12. The business has a fifty day moving average of $36.67 and a 200 day moving average of $34.45. The firm has a market cap of $66.41 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 2.02 and a beta of 1.18.

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

CSX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid a $0.12 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.48 annualized dividend and a yield of 1.41%. This is a boost from CSX’s previous quarterly dividend of $0.11. CSX’s dividend payout ratio is 26.37%.

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.