Financial Counselors Inc. Increases Stock Position in CSX Co. (NASDAQ:CSX)

Financial Counselors Inc. raised its holdings in CSX Co. (NASDAQ:CSXFree Report) by 0.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 342,241 shares of the transportation company’s stock after purchasing an additional 2,194 shares during the quarter. Financial Counselors Inc.’s holdings in CSX were worth $10,524,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Capital World Investors boosted its holdings in CSX by 1.6% in the 2nd quarter. Capital World Investors now owns 87,778,304 shares of the transportation company’s stock valued at $2,993,185,000 after purchasing an additional 1,380,031 shares in the last quarter. Soroban Capital Partners LP lifted its position in shares of CSX by 0.8% during the 4th quarter. Soroban Capital Partners LP now owns 58,100,864 shares of the transportation company’s stock valued at $1,799,965,000 after acquiring an additional 470,000 shares during the period. Geode Capital Management LLC lifted its position in shares of CSX by 1.8% during the 1st quarter. Geode Capital Management LLC now owns 39,236,265 shares of the transportation company’s stock valued at $1,172,727,000 after acquiring an additional 690,267 shares during the period. Capital International Investors lifted its position in shares of CSX by 181.1% during the 2nd quarter. Capital International Investors now owns 31,241,274 shares of the transportation company’s stock valued at $1,065,128,000 after acquiring an additional 20,126,839 shares during the period. Finally, Moneta Group Investment Advisors LLC lifted its position in shares of CSX by 101,926.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 23,323,241 shares of the transportation company’s stock valued at $722,554,000 after acquiring an additional 23,300,381 shares during the period. Hedge funds and other institutional investors own 72.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CSX. Royal Bank of Canada reiterated a “sector perform” rating and set a $34.00 price target on shares of CSX in a research report on Thursday, January 25th. JPMorgan Chase & Co. reduced their price target on shares of CSX from $40.00 to $39.00 and set an “overweight” rating for the company in a research report on Thursday, December 21st. TD Cowen lifted their price target on shares of CSX from $32.00 to $36.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. Susquehanna upgraded CSX from a “neutral” rating to a “positive” rating in a research report on Monday, January 8th. Finally, StockNews.com upgraded CSX from a “hold” rating to a “buy” rating in a research report on Tuesday, January 23rd. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $36.24.

Get Our Latest Stock Report on CSX

CSX Trading Up 0.7 %

Shares of CSX opened at $35.85 on Wednesday. The stock has a fifty day moving average of $34.10 and a two-hundred day moving average of $32.13. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.00 and a current ratio of 1.05. The company has a market capitalization of $70.84 billion, a PE ratio of 19.48, a price-to-earnings-growth ratio of 2.07 and a beta of 1.18. CSX Co. has a fifty-two week low of $27.60 and a fifty-two week high of $35.99.

CSX (NASDAQ:CSXGet Free Report) last announced its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. CSX had a net margin of 25.35% and a return on equity of 30.52%. The company had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.63 billion. During the same period in the previous year, the company earned $0.49 EPS. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. As a group, analysts forecast that CSX Co. will post 1.96 EPS for the current year.

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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