Tredje AP fonden Acquires New Position in CSX Co. (NASDAQ:CSX)

Tredje AP fonden acquired a new stake in CSX Co. (NASDAQ:CSX) in the third quarter, HoldingsChannel.com reports. The fund acquired 200,000 shares of the transportation company’s stock, valued at approximately $5,948,000.

A number of other large investors have also recently made changes to their positions in the stock. FinTrust Capital Advisors LLC increased its holdings in CSX by 200.0% in the second quarter. FinTrust Capital Advisors LLC now owns 816 shares of the transportation company’s stock valued at $26,000 after buying an additional 544 shares in the last quarter. Ellevest Inc. purchased a new position in shares of CSX during the 3rd quarter worth approximately $28,000. Harvest Fund Management Co. Ltd purchased a new position in shares of CSX during the 2nd quarter worth approximately $31,000. Pacific Center for Financial Services increased its stake in shares of CSX by 200.0% during the 2nd quarter. Pacific Center for Financial Services now owns 969 shares of the transportation company’s stock worth $31,000 after purchasing an additional 646 shares in the last quarter. Finally, Strategic Blueprint LLC purchased a new position in shares of CSX during the 2nd quarter worth approximately $32,000. Hedge funds and other institutional investors own 73.12% of the company’s stock.

In other CSX news, CAO Angela C. Williams sold 38,535 shares of the firm’s stock in a transaction dated Thursday, October 21st. The stock was sold at an average price of $35.44, for a total transaction of $1,365,680.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Nathan D. Goldman sold 57,793 shares of the firm’s stock in a transaction dated Friday, October 22nd. The stock was sold at an average price of $34.94, for a total value of $2,019,287.42. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

Several analysts have commented on CSX shares. Stephens lifted their target price on shares of CSX from $39.00 to $43.00 in a research note on Tuesday, January 4th. Barclays raised their price objective on CSX from $38.00 to $41.00 and gave the company an “overweight” rating in a research report on Thursday, October 21st. Evercore ISI reiterated a “buy” rating and issued a $34.00 target price on shares of CSX in a research note on Friday, September 24th. Deutsche Bank Aktiengesellschaft boosted their price target on CSX from $38.00 to $41.00 and gave the stock a “buy” rating in a research report on Friday, October 22nd. Finally, Susquehanna raised their price target on shares of CSX from $38.00 to $40.00 and gave the company a “positive” rating in a report on Thursday, October 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, CSX presently has an average rating of “Buy” and an average target price of $38.03.

Shares of NASDAQ CSX traded down $0.05 during midday trading on Friday, reaching $36.69. 76,753 shares of the company traded hands, compared to its average volume of 9,946,626. CSX Co. has a 52 week low of $27.70 and a 52 week high of $38.01. The stock has a 50-day moving average price of $36.27 and a 200 day moving average price of $34.28. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.72 and a quick ratio of 1.58. The company has a market cap of $81.38 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 1.73 and a beta of 1.23.

CSX (NASDAQ:CSX) last released its earnings results on Tuesday, October 19th. The transportation company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. The firm had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.06 billion. CSX had a return on equity of 25.51% and a net margin of 30.26%. CSX’s revenue was up 24.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.32 earnings per share. As a group, analysts expect that CSX Co. will post 1.57 EPS for the current year.

CSX Company Profile

CSX Corp. engages in the provision of rail-based freight transportation services. Its services include rail service, the transport of intermodal containers and trailers, rail-to-truck transfers and bulk commodity operations. The company was founded in 1827 and is headquartered in Jacksonville, FL.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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