LifePlan Financial Group Inc decreased its holdings in shares of CSX Co. (NASDAQ:CSX) by 26.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 825 shares of the transportation company’s stock after selling 300 shares during the period. LifePlan Financial Group Inc’s holdings in CSX were worth $51,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. Whitener Capital Management Inc. bought a new position in CSX in the 3rd quarter worth $196,000. Millennium Management LLC boosted its holdings in CSX by 13.3% in the 2nd quarter. Millennium Management LLC now owns 4,847,225 shares of the transportation company’s stock worth $309,156,000 after buying an additional 569,310 shares during the period. Korea Investment CORP boosted its holdings in CSX by 51.5% in the 3rd quarter. Korea Investment CORP now owns 877,711 shares of the transportation company’s stock worth $64,994,000 after buying an additional 298,198 shares during the period. Suffolk Capital Management LLC bought a new position in CSX in the 3rd quarter worth $12,597,000. Finally, Captrust Financial Advisors boosted its holdings in CSX by 33.4% in the 3rd quarter. Captrust Financial Advisors now owns 10,219 shares of the transportation company’s stock worth $757,000 after buying an additional 2,560 shares during the period. 75.09% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ CSX opened at $65.22 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.29 and a current ratio of 1.43. The stock has a market cap of $54.03 billion, a PE ratio of 28.36, a price-to-earnings-growth ratio of 1.14 and a beta of 1.33. CSX Co. has a 12-month low of $48.43 and a 12-month high of $76.24.
CSX (NASDAQ:CSX) last announced its earnings results on Tuesday, October 16th. The transportation company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.11. The firm had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.05 billion. CSX had a net margin of 55.19% and a return on equity of 21.38%. The business’s revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 EPS. As a group, sell-side analysts expect that CSX Co. will post 3.82 EPS for the current year.
Several research analysts recently weighed in on the stock. Credit Suisse Group dropped their target price on shares of CSX from $86.00 to $79.00 and set an “outperform” rating for the company in a report on Monday, January 7th. Zacks Investment Research downgraded shares of CSX from a “buy” rating to a “hold” rating in a report on Tuesday, December 18th. Scotiabank set a $75.00 price objective on shares of CSX and gave the company a “hold” rating in a report on Tuesday. BidaskClub raised shares of CSX from a “hold” rating to a “buy” rating in a report on Saturday, October 6th. Finally, Stephens reissued a “buy” rating and set a $86.00 price objective on shares of CSX in a report on Monday, October 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $76.12.
CSX Corporation, together with its subsidiaries, provides rail-based transportation services in the United States and Canada. The company offers rail services, as well as transports intermodal containers and trailers. It transports agricultural and food products, fertilizers, chemicals, automotive, metals and equipment, minerals, and forest products; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.
Further Reading: Systematic Risk and Investors
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