Mufg Securities Americas Inc. Acquires New Shares in CSX Co. (NASDAQ:CSX)

Mufg Securities Americas Inc. purchased a new stake in CSX Co. (NASDAQ:CSX) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 28,467 shares of the transportation company’s stock, valued at approximately $919,000.

Several other large investors have also recently bought and sold shares of the company. Cooper Financial Group lifted its holdings in shares of CSX by 5.3% during the 4th quarter. Cooper Financial Group now owns 10,299 shares of the transportation company’s stock worth $332,000 after acquiring an additional 522 shares during the last quarter. Courier Capital LLC lifted its stake in CSX by 3.3% in the fourth quarter. Courier Capital LLC now owns 12,299 shares of the transportation company’s stock worth $397,000 after purchasing an additional 392 shares during the last quarter. 180 Wealth Advisors LLC lifted its stake in CSX by 43.1% in the fourth quarter. 180 Wealth Advisors LLC now owns 15,389 shares of the transportation company’s stock worth $497,000 after purchasing an additional 4,637 shares during the last quarter. Accurate Wealth Management LLC lifted its stake in CSX by 5.8% in the fourth quarter. Accurate Wealth Management LLC now owns 22,817 shares of the transportation company’s stock worth $725,000 after purchasing an additional 1,249 shares during the last quarter. Finally, SeaCrest Wealth Management LLC lifted its stake in CSX by 6.5% in the fourth quarter. SeaCrest Wealth Management LLC now owns 10,892 shares of the transportation company’s stock worth $351,000 after purchasing an additional 665 shares during the last quarter. 73.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on CSX. Deutsche Bank Aktiengesellschaft began coverage on shares of CSX in a research note on Friday, March 7th. They issued a “hold” rating and a $34.00 price target for the company. Citigroup decreased their price objective on shares of CSX from $39.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Argus set a $32.00 price objective on shares of CSX in a research report on Friday, April 25th. Raymond James restated an “outperform” rating and issued a $33.00 price objective (down previously from $34.00) on shares of CSX in a research report on Thursday, April 17th. Finally, Robert W. Baird decreased their price objective 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. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.90.

CSX Price Performance

Shares of CSX opened at $31.03 on Thursday. The stock has a market cap of $58.29 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 1.92 and a beta of 1.22. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. CSX Co. has a fifty-two week low of $26.22 and a fifty-two week high of $37.10. The firm’s 50-day simple moving average is $28.76 and its two-hundred day simple moving average is $31.81.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). The business had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.53 billion. CSX had a return on equity of 28.15% and a net margin of 23.95%. Analysts anticipate that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.13 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.52 annualized dividend and a dividend yield of 1.68%. CSX’s dividend payout ratio is presently 31.14%.

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.