Murphy & Mullick Capital Management Corp Acquires New Shares in CSX Co. (NASDAQ:CSX)

Murphy & Mullick Capital Management Corp bought a new position in CSX Co. (NASDAQ:CSX) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 12,779 shares of the transportation company’s stock, valued at approximately $412,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CSX. Bank of New York Mellon Corp lifted its position in CSX by 40.5% during the fourth quarter. Bank of New York Mellon Corp now owns 23,350,087 shares of the transportation company’s stock valued at $753,507,000 after purchasing an additional 6,730,316 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew 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 worth $217,808,000 after acquiring an additional 5,568,624 shares during the period. Raymond James Financial Inc. purchased a new stake in CSX during the fourth quarter valued at $85,959,000. Perpetual Ltd bought a new position in CSX in the fourth quarter valued at about $83,301,000. Finally, Sound Shore Management Inc. CT purchased a new position in CSX in the fourth quarter worth about $67,825,000. Institutional investors own 73.57% of the company’s stock.

Analyst Ratings Changes

CSX has been the topic of a number of research reports. Susquehanna dropped their price objective on shares of CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. BMO Capital Markets cut their price objective on shares of CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, January 24th. Raymond James reaffirmed an “outperform” rating and issued a $37.00 target price (down from $38.00) on shares of CSX in a report on Friday, January 24th. Loop Capital lowered CSX from a “buy” rating to a “hold” rating and cut their price target for the company from $40.00 to $34.00 in a report on Monday, February 3rd. Finally, Stephens reaffirmed an “overweight” rating and issued a $38.00 price objective on shares of CSX 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. According to data from MarketBeat, CSX currently has an average rating of “Moderate Buy” and an average price target of $37.00.

CSX Stock Down 1.1 %

NASDAQ CSX opened at $29.53 on Wednesday. The stock has a 50 day moving average price of $31.93 and a 200-day moving average price of $33.28. CSX Co. has a one year low of $28.98 and a one year high of $37.18. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. The company has a market capitalization of $55.95 billion, a P/E ratio of 16.50, a P/E/G ratio of 1.92 and a beta of 1.25.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates 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 fiscal year.

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 1.76%. CSX’s dividend payout ratio is 29.05%.

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.