CSX Co. (NASDAQ:CSX) Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of CSX Co. (NASDAQ:CSX) by 6.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 266,864 shares of the transportation company’s stock after purchasing an additional 16,182 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in CSX were worth $8,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

CSX Stock Performance

Shares of CSX opened at $32.59 on Friday. CSX Co. has a 1 year low of $31.43 and a 1 year high of $40.12. The company’s 50 day simple moving average is $33.02 and its 200 day simple moving average is $33.86. The company has a market capitalization of $62.85 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 1.90 and a beta of 1.23. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. On average, sell-side analysts predict that CSX Co. will post 1.88 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CSX. Royal Bank of Canada reduced their price objective on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a research note on Friday, January 24th. Benchmark reiterated a “buy” rating and set a $38.00 price target on shares of CSX in a research report on Monday, January 27th. BMO Capital Markets lowered their price target on CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, January 24th. Wells Fargo & Company reduced their price objective on CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Finally, Loop Capital lowered CSX from a “buy” rating to a “hold” rating and lowered their target price for the company from $40.00 to $34.00 in a report on Monday, February 3rd. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, CSX presently has a consensus rating of “Moderate Buy” and an average target price of $37.16.

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.