Tokio Marine Asset Management Co. Ltd. Has $1.67 Million Holdings in CSX Co. (NASDAQ:CSX)

Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of CSX Co. (NASDAQ:CSX) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,667 shares of the transportation company’s stock after purchasing an additional 2,361 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in CSX were worth $1,667,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of CSX. Valley Wealth Managers Inc. lifted its holdings in shares of CSX by 177.8% during the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after purchasing an additional 480 shares during the period. Morton Brown Family Wealth LLC acquired a new position in shares of CSX during the third quarter worth $31,000. Addison Advisors LLC raised its stake in CSX by 348.5% during the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock worth $36,000 after buying an additional 812 shares during the last quarter. Fortitude Family Office LLC raised its stake in CSX by 43.4% during the third quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock worth $38,000 after buying an additional 336 shares during the last quarter. Finally, Synergy Asset Management LLC bought a new position in CSX during the fourth quarter worth $41,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company lowered their target price on shares of CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Raymond James reaffirmed an “outperform” rating and issued a $37.00 price target (down from $38.00) on shares of CSX in a research note on Friday, January 24th. Stephens reaffirmed an “overweight” rating and issued a $38.00 price target on shares of CSX in a research note on Friday, January 24th. Stifel Nicolaus reduced their price objective on shares of CSX from $39.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CSX currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.16.

CSX Stock Down 1.1 %

CSX stock opened at $32.51 on Tuesday. CSX Co. has a twelve month low of $31.43 and a twelve month high of $40.12. The firm has a 50 day moving average price of $33.33 and a 200-day moving average price of $33.90. The company has a market capitalization of $62.69 billion, a P/E ratio of 18.16, a P/E/G ratio of 1.90 and a beta of 1.23. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. As a group, equities analysts predict that CSX Co. will post 1.88 EPS for the current year.

About CSX

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.