CSX Co. (NASDAQ:CSX) Holdings Raised by Assetmark Inc.

Assetmark Inc. boosted its stake in CSX Co. (NASDAQ:CSXGet Rating) by 37.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 73,797 shares of the transportation company’s stock after buying an additional 19,974 shares during the quarter. Assetmark Inc.’s holdings in CSX were worth $1,966,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Atria Investments LLC increased its stake in shares of CSX by 41.1% during the 3rd quarter. Atria Investments LLC now owns 90,827 shares of the transportation company’s stock worth $2,420,000 after purchasing an additional 26,456 shares during the last quarter. Prestige Wealth Management Group LLC increased its stake in shares of CSX by 10.6% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 8,299 shares of the transportation company’s stock worth $221,000 after purchasing an additional 796 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of CSX by 9.2% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 1,555,983 shares of the transportation company’s stock worth $41,451,000 after purchasing an additional 131,613 shares during the last quarter. Alaska Permanent Fund Corp increased its stake in shares of CSX by 20.5% during the 3rd quarter. Alaska Permanent Fund Corp now owns 292,806 shares of the transportation company’s stock worth $7,800,000 after purchasing an additional 49,713 shares during the last quarter. Finally, Pinnacle Associates Ltd. increased its stake in shares of CSX by 13.5% during the 3rd quarter. Pinnacle Associates Ltd. now owns 102,828 shares of the transportation company’s stock worth $2,739,000 after purchasing an additional 12,207 shares during the last quarter. Hedge funds and other institutional investors own 72.91% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Wells Fargo & Company increased their price target on shares of CSX from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 4th. Raymond James increased their price target on shares of CSX from $31.00 to $33.00 and gave the stock an “outperform” rating in a research note on Monday, October 24th. Robert W. Baird lowered their target price on shares of CSX to $34.00 in a research note on Thursday, October 13th. UBS Group lowered shares of CSX from a “buy” rating to a “neutral” rating and lowered their target price for the company from $38.00 to $31.00 in a research note on Tuesday, September 27th. Finally, Morgan Stanley raised their target price on shares of CSX from $23.00 to $24.00 and gave the company an “underweight” rating in a research note on Wednesday, January 11th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $34.48.

CSX Price Performance

NASDAQ:CSX opened at $32.42 on Tuesday. The company has a 50-day moving average of $31.57 and a 200-day moving average of $30.69. The company has a market capitalization of $68.16 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 1.77 and a beta of 1.24. CSX Co. has a 52 week low of $25.80 and a 52 week high of $38.63. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.57 and a current ratio of 1.72.

CSX (NASDAQ:CSXGet Rating) last released its quarterly earnings data on Thursday, October 20th. The transportation company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.75 billion. CSX had a net margin of 28.06% and a return on equity of 30.32%. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period last year, the firm earned $0.43 EPS. As a group, equities research analysts anticipate that CSX Co. will post 1.9 earnings per share for the current fiscal year.

CSX Company Profile

(Get Rating)

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, automotive, minerals, 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.

Read More

Want to see what other hedge funds are holding CSX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CSX Co. (NASDAQ:CSXGet Rating).

Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

Receive News & Ratings for CSX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSX and related companies with MarketBeat.com's FREE daily email newsletter.