Jacobi Capital Management LLC Acquires 404 Shares of CSX Co. (NASDAQ:CSX)

Jacobi Capital Management LLC grew its position in CSX Co. (NASDAQ:CSX) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,522 shares of the transportation company’s stock after purchasing an additional 404 shares during the quarter. Jacobi Capital Management LLC’s holdings in CSX were worth $1,275,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CSX. Factorial Partners LLC increased its position in CSX by 4.2% during the fourth quarter. Factorial Partners LLC now owns 99,500 shares of the transportation company’s stock worth $3,211,000 after acquiring an additional 4,000 shares during the period. Metis Global Partners LLC increased its position in CSX by 4.8% during the fourth quarter. Metis Global Partners LLC now owns 66,495 shares of the transportation company’s stock worth $2,146,000 after acquiring an additional 3,040 shares during the period. US Bancorp DE increased its position in CSX by 1.2% during the fourth quarter. US Bancorp DE now owns 992,693 shares of the transportation company’s stock worth $32,034,000 after acquiring an additional 12,134 shares during the period. Fisher Asset Management LLC increased its position in CSX by 1.2% during the fourth quarter. Fisher Asset Management LLC now owns 24,956,467 shares of the transportation company’s stock worth $805,345,000 after acquiring an additional 299,536 shares during the period. Finally, SVB Wealth LLC bought a new position in CSX during the fourth quarter worth $1,163,000. Institutional investors own 73.57% of the company’s stock.

Analysts Set New Price Targets

CSX has been the topic of a number of recent research reports. Barclays decreased their price target on shares of CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Robert W. Baird decreased their price target on shares of CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, January 24th. Citigroup decreased their price target on shares of CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Stephens reiterated an “overweight” rating and set a $38.00 price target on shares of CSX in a research note on Friday, January 24th. Finally, Wells Fargo & Company decreased their price target on shares of CSX from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, CSX presently has an average rating of “Moderate Buy” and an average target price of $37.16.

CSX Stock Performance

NASDAQ:CSX opened at $32.01 on Friday. The stock’s 50-day simple moving average is $32.60 and its 200 day simple moving average is $33.70. CSX Co. has a twelve month low of $31.43 and a twelve month high of $38.61. The firm has a market capitalization of $61.72 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. On average, analysts anticipate that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.62%. This is an increase from CSX’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, February 28th. CSX’s dividend payout ratio (DPR) is 29.05%.

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.