Union Bancaire Privee UBP SA Makes New $1.31 Million Investment in CSX Co. (NASDAQ:CSX)

Union Bancaire Privee UBP SA purchased a new position in CSX Co. (NASDAQ:CSX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 42,815 shares of the transportation company’s stock, valued at approximately $1,309,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CSX. Valley Wealth Managers Inc. increased its position in CSX by 177.8% in the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after buying an additional 480 shares in the last quarter. Morton Brown Family Wealth LLC purchased a new stake in CSX in the third quarter worth about $31,000. Sierra Ocean LLC purchased a new stake in CSX in the fourth quarter worth about $33,000. Center for Financial Planning Inc. grew its position in shares of CSX by 205.7% during the fourth quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company’s stock worth $35,000 after purchasing an additional 720 shares in the last quarter. Finally, Addison Advisors LLC grew its position in shares of CSX by 348.5% during the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock worth $36,000 after purchasing an additional 812 shares in the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Price Performance

NASDAQ:CSX opened at $32.30 on Monday. The firm has a market capitalization of $62.29 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 1.92 and a beta of 1.23. CSX Co. has a 1 year low of $31.43 and a 1 year high of $40.12. The business has a 50 day simple moving average of $32.63 and a 200-day simple moving average of $33.77. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. Equities analysts forecast that CSX Co. will post 1.83 EPS for the current year.

CSX Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.13 per share. This is a positive change from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, February 28th. CSX’s dividend payout ratio (DPR) is currently 29.05%.

Analyst Upgrades and Downgrades

CSX has been the subject of several research analyst reports. BMO Capital Markets cut their target price on 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 reiterated an “outperform” rating and set a $37.00 target price (down previously from $38.00) on shares of CSX in a research report on Friday, January 24th. Citigroup cut their target price on CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Jefferies Financial Group upgraded CSX from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research report on Friday, January 10th. Finally, Stephens reiterated an “overweight” rating and set a $38.00 target price on shares of CSX in a research report on Friday, January 24th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.16.

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.