CSX Co. (NASDAQ:CSX) Stake Boosted by Nordea Investment Management AB

Nordea Investment Management AB increased its position in shares of CSX Co. (NASDAQ:CSX) by 32.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,342,834 shares of the transportation company’s stock after acquiring an additional 570,683 shares during the period. Nordea Investment Management AB’s holdings in CSX were worth $75,603,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of CSX by 20.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 467,399 shares of the transportation company’s stock worth $16,139,000 after acquiring an additional 80,423 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in CSX by 0.7% during 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 purchasing an additional 24,430 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of CSX by 3.4% in the third quarter. Principal Financial Group Inc. now owns 2,348,543 shares of the transportation company’s stock valued at $81,095,000 after purchasing an additional 77,488 shares during the period. William B. Walkup & Associates Inc. acquired a new stake in shares of CSX in the second quarter worth $867,000. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of CSX by 318.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,270,966 shares of the transportation company’s stock worth $112,946,000 after buying an additional 2,489,329 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Trading Up 0.6 %

CSX stock opened at $32.19 on Wednesday. The business has a fifty day moving average price of $34.18 and a 200 day moving average price of $34.02. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23. CSX Co. has a fifty-two week low of $31.43 and a fifty-two week high of $40.12. The stock has a market capitalization of $62.08 billion, a price-to-earnings ratio of 17.31, a P/E/G ratio of 2.24 and a beta of 1.22.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.68 billion. During the same quarter last year, the company earned $0.42 EPS. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. Analysts expect that CSX Co. will post 1.84 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Loop Capital decreased their price target on shares of CSX from $43.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Citigroup raised their target price on CSX from $42.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. BMO Capital Markets cut their price target on CSX from $40.00 to $39.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Stifel Nicolaus lowered their price objective 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. Finally, Barclays increased their price target on shares of CSX from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, CSX currently has an average rating of “Moderate Buy” and an average price target of $38.78.

CSX Company 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.