Charles Schwab Investment Management Inc. Purchases 135,169 Shares of CSX Co. (NASDAQ:CSX)

Charles Schwab Investment Management Inc. raised its holdings in shares of CSX Co. (NASDAQ:CSX) by 1.2% during the fourth quarter, Holdings Channel reports. The fund owned 11,217,832 shares of the transportation company’s stock after buying an additional 135,169 shares during the period. Charles Schwab Investment Management Inc.’s holdings in CSX were worth $388,922,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CSX. Fortitude Family Office LLC purchased a new stake in shares of CSX during the fourth quarter valued at approximately $27,000. Life Planning Partners Inc bought a new position in shares of CSX during the fourth quarter worth $27,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of CSX during the fourth quarter valued at about $34,000. Venturi Wealth Management LLC increased its position in CSX by 228.4% in the third quarter. Venturi Wealth Management LLC now owns 995 shares of the transportation company’s stock worth $31,000 after purchasing an additional 692 shares during the last quarter. Finally, Avion Wealth lifted its stake in shares of CSX by 450.5% in the 4th quarter. Avion Wealth now owns 1,002 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 820 shares during the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on CSX shares. TD Cowen lifted their price target on CSX from $32.00 to $36.00 and gave the company a “market perform” rating in a report on Thursday, January 25th. Benchmark reissued a “buy” rating and set a $40.00 price objective on shares of CSX in a research report on Thursday, April 18th. Raymond James increased their target price on CSX from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Tuesday, January 16th. StockNews.com downgraded CSX from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Finally, UBS Group dropped their price target on CSX from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $38.00.

CSX Price Performance

CSX traded up $0.05 on Wednesday, reaching $34.01. 3,235,075 shares of the company’s stock were exchanged, compared to its average volume of 12,139,962. The stock’s fifty day moving average price is $36.06 and its 200-day moving average price is $34.64. The stock has a market cap of $66.49 billion, a PE ratio of 18.66, a P/E/G ratio of 2.03 and a beta of 1.19. CSX Co. has a twelve month low of $29.03 and a twelve month high of $40.12. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.15 and a quick ratio of 1.00.

CSX (NASDAQ:CSX) last announced its earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.01. The company had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.66 billion. CSX had a return on equity of 29.58% and a net margin of 24.75%. The company’s revenue was down .8% on a year-over-year basis. During the same period last year, the business posted $0.48 EPS. Sell-side analysts expect that CSX Co. will post 1.95 EPS for the current year.

CSX Increases Dividend

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

CSX 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.