Toronto Dominion Bank Acquires 18,626 Shares of CSX Co. (CSX)

Toronto Dominion Bank increased its position in CSX Co. (NASDAQ:CSX) by 4.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 426,906 shares of the transportation company’s stock after purchasing an additional 18,626 shares during the period. Toronto Dominion Bank’s holdings in CSX were worth $23,484,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Chilton Investment Co. LLC acquired a new stake in shares of CSX during the 4th quarter valued at $83,179,000. APG Asset Management N.V. boosted its stake in shares of CSX by 25.0% during the 4th quarter. APG Asset Management N.V. now owns 3,218,644 shares of the transportation company’s stock valued at $147,450,000 after buying an additional 644,500 shares during the period. Boston Advisors LLC boosted its stake in shares of CSX by 1,491.4% during the 4th quarter. Boston Advisors LLC now owns 558,610 shares of the transportation company’s stock valued at $30,729,000 after buying an additional 523,508 shares during the period. Cohen & Steers Inc. boosted its stake in shares of CSX by 31.3% during the 3rd quarter. Cohen & Steers Inc. now owns 1,801,521 shares of the transportation company’s stock valued at $97,751,000 after buying an additional 429,795 shares during the period. Finally, Bank of Montreal Can boosted its stake in shares of CSX by 13.0% during the 4th quarter. Bank of Montreal Can now owns 1,567,713 shares of the transportation company’s stock valued at $86,240,000 after buying an additional 180,925 shares during the period. 69.63% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Gary Keith Anderson bought 5,000 shares of the stock in a transaction on Friday, November 24th. The stock was purchased at an average price of $2,300.00 per share, with a total value of $11,500,000.00. Insiders own 4.79% of the company’s stock.

A number of equities research analysts have issued reports on the stock. Bank of America decreased their target price on shares of CSX from $67.00 to $66.00 and set a “buy” rating for the company in a research note on Tuesday. BidaskClub lowered shares of CSX from a “hold” rating to a “sell” rating in a research note on Monday, February 5th. Zacks Investment Research raised shares of CSX from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research note on Friday, January 19th. Argus lifted their target price on shares of CSX from $64.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Finally, Scotiabank decreased their target price on shares of CSX from $63.00 to $62.50 and set a “sector perform” rating for the company in a research note on Thursday, January 18th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $60.23.

CSX Co. (CSX) opened at $53.56 on Wednesday. CSX Co. has a 12-month low of $45.41 and a 12-month high of $60.04. The stock has a market cap of $47,165.47, a P/E ratio of 8.82, a PEG ratio of 1.28 and a beta of 1.26. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.81 and a current ratio of 1.01.

CSX (NASDAQ:CSX) last posted its quarterly earnings results on Tuesday, January 16th. The transportation company reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.08. The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.89 billion. CSX had a net margin of 47.96% and a return on equity of 17.16%. CSX’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 earnings per share. research analysts anticipate that CSX Co. will post 3.11 EPS for the current fiscal year.

CSX declared that its board has approved a share repurchase program on Wednesday, October 25th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the transportation company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.64%. This is an increase from CSX’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, February 28th. CSX’s payout ratio is 13.18%.

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About CSX

CSX Corporation is a transportation company. The Company provides rail-based freight transportation services, including traditional rail service and transport of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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