Newbridge Financial Services Group Inc. Makes New Investment in CSX Co. (NASDAQ:CSX)

Newbridge Financial Services Group Inc. bought a new position in CSX Co. (NASDAQ:CSX) in the fourth quarter, Holdings Channel.com reports. The fund bought 1,218 shares of the transportation company’s stock, valued at approximately $39,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in 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 worth $16,139,000 after purchasing an additional 80,423 shares during the period. Diversified Trust Co increased its holdings in shares of 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 buying an additional 46,473 shares in the last quarter. Marshall Financial Group LLC bought a new position in shares of CSX in the fourth quarter valued at $1,084,000. Thrivent Financial for Lutherans increased its holdings in shares of CSX by 0.7% in the third quarter. Thrivent Financial for Lutherans now owns 3,374,499 shares of the transportation company’s stock valued at $116,521,000 after buying an additional 24,430 shares in the last quarter. Finally, Carnegie Investment Counsel increased its holdings in shares of CSX by 1.4% in the fourth quarter. Carnegie Investment Counsel now owns 612,051 shares of the transportation company’s stock valued at $19,751,000 after buying an additional 8,474 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Stock Up 0.1 %

CSX stock opened at $33.11 on Wednesday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. CSX Co. has a 52-week low of $31.43 and a 52-week high of $40.12. The company has a 50-day moving average of $32.88 and a two-hundred day moving average of $33.85. The stock has a market capitalization of $63.85 billion, a price-to-earnings ratio of 18.50, a price-to-earnings-growth ratio of 1.91 and a beta of 1.23.

CSX (NASDAQ:CSX) last released its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. As a group, equities research analysts anticipate that CSX Co. will post 1.86 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Stephens reaffirmed an “overweight” rating and issued a $38.00 price target on shares of CSX in a report on Friday, January 24th. Barclays dropped their price target on CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Robert W. Baird dropped their price target on CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, January 24th. Citigroup dropped their price target on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Finally, Stifel Nicolaus cut their target price on shares of CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $37.16.

CSX 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.