Indiana Trust & Investment Management Co Increases Position in CSX Co. (NASDAQ:CSX)

Indiana Trust & Investment Management Co lifted its stake in CSX Co. (NASDAQ:CSX) by 3.0% in the 4th quarter, HoldingsChannel reports. The fund owned 16,404 shares of the transportation company’s stock after purchasing an additional 471 shares during the quarter. Indiana Trust & Investment Management Co’s holdings in CSX were worth $529,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in CSX by 20.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 467,399 shares of the transportation company’s stock worth $16,139,000 after purchasing an additional 80,423 shares in the last quarter. Diversified Trust Co grew its position in shares of CSX by 180.7% in the 4th quarter. Diversified Trust Co now owns 72,197 shares of the transportation company’s stock worth $2,330,000 after buying an additional 46,473 shares during the last quarter. Marshall Financial Group LLC bought a new position in shares of CSX during the 4th quarter worth approximately $1,084,000. Thrivent Financial for Lutherans lifted its position in CSX by 0.7% during the third quarter. Thrivent Financial for Lutherans now owns 3,374,499 shares of the transportation company’s stock valued at $116,521,000 after acquiring an additional 24,430 shares during the last quarter. Finally, Carnegie Investment Counsel lifted its position in CSX by 1.4% during the fourth quarter. Carnegie Investment Counsel now owns 612,051 shares of the transportation company’s stock valued at $19,751,000 after acquiring an additional 8,474 shares during the last quarter. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

CSX Price Performance

Shares of CSX opened at $33.11 on Wednesday. The firm has a 50-day simple moving average of $32.88 and a two-hundred day simple moving average of $33.85. The stock has a market cap of $63.85 billion, a PE ratio of 18.50, a P/E/G ratio of 1.91 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 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 earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share 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%. As a group, analysts forecast that CSX Co. will post 1.86 EPS for the current year.

Analyst Ratings Changes

CSX has been the subject of several recent analyst reports. Raymond James reissued an “outperform” rating and issued a $37.00 price target (down previously from $38.00) on shares of CSX in a report on Friday, January 24th. Barclays dropped their target price on shares of CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report 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 for the company in a report on Friday, January 24th. Stephens reissued an “overweight” rating and set a $38.00 price objective on shares of CSX in a report on Friday, January 24th. Finally, BMO Capital Markets reduced their target price on CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, January 24th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $37.16.

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.