Woodward Diversified Capital LLC Has $262,000 Position in CSX Corporation (NASDAQ:CSX)

Woodward Diversified Capital LLC grew its stake in CSX Corporation (NASDAQ:CSX) by 10.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 8,893 shares of the transportation company’s stock after buying an additional 849 shares during the quarter. Woodward Diversified Capital LLC’s holdings in CSX were worth $262,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in shares of CSX by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 41,633,333 shares of the transportation company’s stock valued at $1,339,555,000 after buying an additional 726,507 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of CSX by 21.6% in the first quarter. Bank of New York Mellon Corp now owns 28,383,830 shares of the transportation company’s stock valued at $835,336,000 after buying an additional 5,033,743 shares during the period. Invesco Ltd. boosted its holdings in shares of CSX by 13.5% in the fourth quarter. Invesco Ltd. now owns 25,103,077 shares of the transportation company’s stock valued at $810,076,000 after buying an additional 2,977,212 shares during the period. Norges Bank acquired a new position in shares of CSX in the fourth quarter valued at approximately $780,194,000. Finally, Lazard Asset Management LLC boosted its holdings in shares of CSX by 3.5% in the fourth quarter. Lazard Asset Management LLC now owns 21,124,807 shares of the transportation company’s stock valued at $681,696,000 after buying an additional 707,934 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Price Performance

Shares of CSX opened at $33.26 on Thursday. The firm has a market capitalization of $62.48 billion, a PE ratio of 19.92, a PEG ratio of 3.00 and a beta of 1.23. The company’s 50-day moving average is $32.05 and its 200-day moving average is $31.13. CSX Corporation has a fifty-two week low of $26.22 and a fifty-two week high of $37.10. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.88 and a quick ratio of 0.75.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.05). CSX had a net margin of 22.66% and a return on equity of 26.42%. The company had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.53 billion. Equities analysts forecast that CSX Corporation will post 1.83 EPS for the current year.

CSX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.56%. CSX’s dividend payout ratio (DPR) is presently 31.14%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Citigroup upped their price target on shares of CSX from $36.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Jefferies Financial Group cut their price objective on shares of CSX from $37.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Bank of America raised shares of CSX from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $34.00 to $42.00 in a research report on Thursday. Sanford C. Bernstein reissued a “market perform” rating and issued a $36.00 price objective (up previously from $33.00) on shares of CSX in a research report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of CSX from $31.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 8th. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.14.

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.