CSX Co. (NASDAQ:CSX) Stake Lifted by RFG Advisory LLC

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RFG Advisory LLC increased its stake in shares of CSX Co. (NASDAQ:CSX) by 7.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,930 shares of the transportation company’s stock after buying an additional 328 shares during the quarter. RFG Advisory LLC’s holdings in CSX were worth $357,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CSX. BlackRock Inc. grew its stake in shares of CSX by 2.4% in the second quarter. BlackRock Inc. now owns 48,210,842 shares of the transportation company’s stock worth $3,730,073,000 after purchasing an additional 1,127,117 shares in the last quarter. State Street Corp grew its stake in shares of CSX by 0.9% in the third quarter. State Street Corp now owns 32,150,338 shares of the transportation company’s stock worth $2,227,054,000 after purchasing an additional 275,470 shares in the last quarter. EdgePoint Investment Group Inc. grew its stake in shares of CSX by 20.5% in the third quarter. EdgePoint Investment Group Inc. now owns 12,895,737 shares of the transportation company’s stock worth $893,288,000 after purchasing an additional 2,197,670 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of CSX by 2.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 7,366,595 shares of the transportation company’s stock worth $569,953,000 after purchasing an additional 182,584 shares in the last quarter. Finally, Fisher Asset Management LLC grew its stake in shares of CSX by 28,294.5% in the third quarter. Fisher Asset Management LLC now owns 4,091,077 shares of the transportation company’s stock worth $283,389,000 after purchasing an additional 4,076,669 shares in the last quarter. Hedge funds and other institutional investors own 76.14% of the company’s stock.

Several research analysts recently weighed in on CSX shares. Argus set a $82.00 target price on CSX and gave the company a “buy” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. cut CSX from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $83.00 to $76.00 in a research note on Friday, October 4th. They noted that the move was a valuation call. Susquehanna Bancshares raised CSX from a “neutral” rating to a “positive” rating and raised their target price for the company from $74.00 to $87.00 in a research note on Tuesday, January 7th. Cowen decreased their target price on CSX from $83.00 to $79.00 and set a “market perform” rating for the company in a research note on Friday, January 17th. Finally, Citigroup cut CSX from a “buy” rating to a “neutral” rating and decreased their target price for the company from $80.00 to $75.00 in a research note on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have given a buy rating to the stock. CSX currently has a consensus rating of “Hold” and a consensus target price of $78.14.

Shares of NASDAQ CSX opened at $76.64 on Friday. CSX Co. has a 12 month low of $63.97 and a 12 month high of $80.73. The company has a market cap of $58.37 billion, a price-to-earnings ratio of 18.38, a P/E/G ratio of 1.38 and a beta of 1.21. The company has a quick ratio of 1.33, a current ratio of 1.52 and a debt-to-equity ratio of 1.35. The business has a fifty day simple moving average of $73.21 and a 200-day simple moving average of $70.67.

CSX (NASDAQ:CSX) last announced its earnings results on Thursday, January 16th. The transportation company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.97 by $0.02. CSX had a return on equity of 27.49% and a net margin of 27.91%. The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the business posted $1.01 earnings per share. CSX’s revenue was down 8.2% compared to the same quarter last year. As a group, sell-side analysts expect that CSX Co. will post 4.2 EPS for the current fiscal year.

About CSX

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services, as well as transports intermodal containers and trailers. It transports chemicals, automotive, agricultural and food products, minerals, fertilizers, forest products, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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