Citizens Financial Group Inc. RI Has $1.12 Million Position in CSX Co. (NASDAQ:CSX)

Citizens Financial Group Inc. RI grew its position in shares of CSX Co. (NASDAQ:CSX) by 6.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 32,318 shares of the transportation company’s stock after purchasing an additional 1,998 shares during the period. Citizens Financial Group Inc. RI’s holdings in CSX were worth $1,120,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. McClarren Financial Advisors Inc. raised its position in CSX by 23.1% during the 4th quarter. McClarren Financial Advisors Inc. now owns 9,919 shares of the transportation company’s stock worth $344,000 after purchasing an additional 1,861 shares during the last quarter. Stanley Laman Group Ltd. bought a new position in shares of CSX during the fourth quarter worth about $224,000. Syon Capital LLC lifted its stake in shares of CSX by 8.7% in the fourth quarter. Syon Capital LLC now owns 23,505 shares of the transportation company’s stock worth $815,000 after acquiring an additional 1,875 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its holdings in CSX by 3.2% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 42,426 shares of the transportation company’s stock valued at $1,471,000 after acquiring an additional 1,320 shares during the last quarter. Finally, Atria Wealth Solutions Inc. boosted its holdings in CSX by 1.6% in the fourth quarter. Atria Wealth Solutions Inc. now owns 87,117 shares of the transportation company’s stock valued at $3,020,000 after acquiring an additional 1,341 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors.

CSX Price Performance

Shares of NASDAQ:CSX opened at $33.99 on Friday. The stock’s 50 day moving average is $36.61 and its 200-day moving average is $34.49. CSX Co. has a twelve month low of $29.03 and a twelve month high of $40.12. The company has a quick ratio of 1.00, a current ratio of 1.15 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $66.45 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 2.04 and a beta of 1.18.

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

CSX Increases Dividend

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

Analyst Upgrades and Downgrades

CSX has been the topic of a number of recent analyst reports. Royal Bank of Canada dropped their price target on shares of CSX from $37.00 to $36.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 18th. Stifel Nicolaus boosted their target price on shares of CSX from $37.00 to $39.00 and gave the company a “buy” rating in a report on Friday, April 12th. Raymond James increased their price target on CSX from $35.00 to $38.00 and gave the stock 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, Susquehanna upped their target price on CSX from $42.00 to $44.00 and gave the company a “positive” rating in a research report on Thursday, March 28th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, CSX presently has a consensus rating of “Moderate Buy” and an average price target of $38.00.

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.