Nomura Asset Management Co. Ltd. increased its holdings in shares of CSX Co. (NASDAQ:CSX) by 5.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 138,351 shares of the transportation company’s stock after purchasing an additional 7,464 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in CSX were worth $8,824,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Meeder Asset Management Inc. acquired a new stake in CSX during the 2nd quarter worth approximately $376,000. Sentry Investments Corp. acquired a new stake in CSX in the first quarter valued at approximately $5,508,000. State of Alaska Department of Revenue grew its position in CSX by 12.8% in the second quarter. State of Alaska Department of Revenue now owns 128,747 shares of the transportation company’s stock valued at $8,209,000 after acquiring an additional 14,610 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in CSX in the first quarter valued at approximately $532,000. Finally, Cubist Systematic Strategies LLC grew its position in CSX by 120.8% in the first quarter. Cubist Systematic Strategies LLC now owns 3,533 shares of the transportation company’s stock valued at $197,000 after acquiring an additional 1,933 shares in the last quarter. 76.85% of the stock is owned by hedge funds and other institutional investors.

CSX stock opened at $72.39 on Friday. CSX Co. has a twelve month low of $48.11 and a twelve month high of $72.90. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.66 and a quick ratio of 1.48. The company has a market cap of $61.98 billion, a PE ratio of 24.55, a P/E/G ratio of 1.52 and a beta of 1.22.

CSX (NASDAQ:CSX) last released its quarterly earnings results on Tuesday, July 17th. The transportation company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.15. CSX had a net margin of 53.27% and a return on equity of 19.31%. The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3 billion. During the same quarter last year, the company earned $0.64 earnings per share. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. analysts anticipate that CSX Co. will post 3.57 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Friday, August 31st will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Thursday, August 30th. CSX’s payout ratio is currently 38.26%.

Several analysts have issued reports on CSX shares. Robert W. Baird increased their price objective on shares of CSX from $63.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, April 18th. Goldman Sachs Group raised shares of CSX from a “sell” rating to a “neutral” rating and set a $60.00 price objective for the company in a research report on Monday, May 14th. Morgan Stanley increased their price objective on shares of CSX from $48.00 to $49.00 and gave the company an “underweight” rating in a research report on Wednesday, April 18th. Stifel Nicolaus increased their price objective on shares of CSX from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, July 18th. Finally, Loop Capital raised shares of CSX from a “hold” rating to a “buy” rating and increased their price objective for the company from $65.00 to $78.00 in a research report on Wednesday, July 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company’s stock. CSX has an average rating of “Buy” and a consensus target price of $69.45.

CSX Company Profile

CSX Corporation, together with its subsidiaries, provides rail-based transportation services in the United States and Canada. The company offers rail services, as well as transports intermodal containers and trailers. It transports agricultural and food products, fertilizers, chemicals, automotive, metals and equipment, minerals, and forest products; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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