Nomura Asset Management Co. Ltd. Buys 3,210 Shares of CSX Co. (NASDAQ:CSX)

Nomura Asset Management Co. Ltd. grew its stake in shares of CSX Co. (NASDAQ:CSXFree Report) by 0.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 578,040 shares of the transportation company’s stock after buying an additional 3,210 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in CSX were worth $17,775,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Value Partners Investments Inc. purchased a new stake in CSX during the third quarter valued at $1,172,000. Prospera Financial Services Inc boosted its stake in CSX by 36.6% during the 2nd quarter. Prospera Financial Services Inc now owns 24,343 shares of the transportation company’s stock worth $831,000 after purchasing an additional 6,527 shares during the last quarter. National Bank of Canada FI raised its holdings in CSX by 142.9% in the 3rd quarter. National Bank of Canada FI now owns 3,278,601 shares of the transportation company’s stock valued at $100,147,000 after buying an additional 1,928,891 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of CSX by 11.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,626,692 shares of the transportation company’s stock worth $203,771,000 after buying an additional 680,632 shares in the last quarter. Finally, Maj Invest Holding A S increased its stake in CSX by 19.8% in the third quarter. Maj Invest Holding A S now owns 8,383,233 shares of the transportation company’s stock valued at $257,785,000 after purchasing an additional 1,383,086 shares during the last quarter. Institutional investors own 72.76% of the company’s stock.

CSX Trading Up 1.1 %

CSX stock traded up $0.39 during midday trading on Friday, hitting $35.39. 20,774,456 shares of the stock were exchanged, compared to its average volume of 11,695,424. The stock’s 50-day simple moving average is $33.89 and its 200 day simple moving average is $32.11. The company has a current ratio of 1.14, a quick ratio of 1.00 and a debt-to-equity ratio of 1.50. CSX Co. has a fifty-two week low of $27.60 and a fifty-two week high of $35.50. The stock has a market capitalization of $69.94 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 2.56 and a beta of 1.18.

CSX (NASDAQ:CSXGet Free Report) last posted its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.63 billion. CSX had a net margin of 25.35% and a return on equity of 30.48%. CSX’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.49 earnings per share. On average, equities analysts anticipate that CSX Co. will post 1.97 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on CSX. TD Cowen lifted their price objective on CSX from $32.00 to $36.00 and gave the stock a “market perform” rating in a research report on Thursday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $34.00 target price on shares of CSX in a report on Thursday. Susquehanna upgraded CSX from a “neutral” rating to a “positive” rating in a research note on Monday, January 8th. BMO Capital Markets raised their target price on CSX from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Benchmark restated a “buy” rating and issued a $38.00 price target on shares of CSX in a research report on Thursday. Four analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.17.

View Our Latest Research Report on CSX

CSX Profile

(Free Report)

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 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.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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