Moseley Investment Management Inc. Makes New $200,000 Investment in CSX Co. (NASDAQ:CSX)

Moseley Investment Management Inc. bought a new position in CSX Co. (NASDAQ:CSX) in the first quarter, according to the company in its most recent disclosure with the SEC. The fund bought 5,400 shares of the transportation company’s stock, valued at approximately $200,000.

Other large investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in shares of CSX by 18.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 64,807,961 shares of the transportation company’s stock worth $2,246,893,000 after acquiring an additional 9,914,656 shares during the last quarter. Capital International Investors grew its holdings in CSX by 14.3% during the fourth quarter. Capital International Investors now owns 40,353,078 shares of the transportation company’s stock valued at $1,399,104,000 after purchasing an additional 5,041,679 shares during the period. Lazard Asset Management LLC increased its position in CSX by 10.4% in the third quarter. Lazard Asset Management LLC now owns 29,191,044 shares of the transportation company’s stock worth $897,624,000 after buying an additional 2,748,738 shares in the last quarter. Morgan Stanley increased its position in CSX by 3.1% in the third quarter. Morgan Stanley now owns 24,340,514 shares of the transportation company’s stock worth $748,471,000 after buying an additional 739,411 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in shares of CSX by 2.1% in the fourth quarter. Fisher Asset Management LLC now owns 22,378,276 shares of the transportation company’s stock worth $775,855,000 after buying an additional 470,640 shares during the period. Institutional investors own 73.57% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on CSX. Stifel Nicolaus increased their target price on shares of CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, April 12th. UBS Group reduced their price objective on shares of CSX from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Susquehanna lifted their target price on shares of CSX from $42.00 to $44.00 and gave the company a “positive” rating in a research note on Thursday, March 28th. Benchmark reiterated a “buy” rating and issued a $40.00 price target on shares of CSX in a research note on Thursday, April 18th. Finally, Jefferies Financial Group lowered their price objective on CSX from $40.00 to $38.00 and set a “hold” rating on the stock in a research report on Thursday, April 18th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.82.

CSX Price Performance

Shares of CSX stock opened at $33.03 on Thursday. The stock has a 50 day moving average of $33.69 and a 200 day moving average of $35.13. CSX Co. has a 12 month low of $29.03 and a 12 month high of $40.12. The firm has a market cap of $64.57 billion, a PE ratio of 18.15, a PEG ratio of 1.69 and a beta of 1.19. The company has a current ratio of 1.15, a quick ratio of 1.00 and a debt-to-equity ratio of 1.42.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Wednesday, April 17th. The transportation company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. CSX had a return on equity of 29.58% and a net margin of 24.75%. The company had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.66 billion. During the same period in the prior year, the company earned $0.48 earnings per share. The firm’s revenue was down .8% on a year-over-year basis. On average, research analysts expect that CSX Co. will post 1.96 EPS for the current fiscal year.

CSX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend was Friday, May 31st. CSX’s payout ratio is presently 26.37%.

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.