Ameritas Advisory Services LLC Has $363,000 Stake in CSX Co. (NASDAQ:CSX)

Ameritas Advisory Services LLC lifted its position in shares of CSX Co. (NASDAQ:CSX) by 88.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,250 shares of the transportation company’s stock after buying an additional 5,281 shares during the period. Ameritas Advisory Services LLC’s holdings in CSX were worth $363,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Assenagon Asset Management S.A. lifted its position in 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 in the last quarter. FMR LLC raised its holdings in CSX by 10.2% during the third quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock worth $539,112,000 after acquiring an additional 1,447,651 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in CSX by 275.3% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,854,075 shares of the transportation company’s stock valued at $62,019,000 after purchasing an additional 1,360,075 shares during the last quarter. Svenska Handelsbanken AB publ bought a new position in CSX in the third quarter valued at approximately $31,018,000. Finally, Fisher Asset Management LLC increased its position in shares of CSX by 3.6% during the 3rd quarter. Fisher Asset Management LLC now owns 24,656,931 shares of the transportation company’s stock worth $851,404,000 after purchasing an additional 857,302 shares during the last quarter. 73.57% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. TD Cowen cut their price objective on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a report on Thursday, October 17th. Loop Capital decreased their price objective on shares of CSX from $43.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. BMO Capital Markets dropped their target price on shares of CSX from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Jefferies Financial Group upgraded CSX from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a report on Friday, January 10th. Finally, Barclays cut their price objective on CSX from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.65.

CSX Stock Performance

NASDAQ CSX opened at $33.67 on Friday. CSX Co. has a 12-month low of $31.43 and a 12-month high of $40.12. The firm has a 50-day moving average price of $33.62 and a two-hundred day moving average price of $33.95. The company has a market capitalization of $64.93 billion, a P/E ratio of 18.10, a P/E/G ratio of 2.05 and a beta of 1.22. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a net margin of 24.77% and a return on equity of 28.92%. Analysts anticipate that CSX Co. will post 1.83 earnings per share for the current year.

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.