CSX Co. (NASDAQ:CSX) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp reduced its stake in CSX Co. (NASDAQ:CSXFree Report) by 4.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 258,968 shares of the transportation company’s stock after selling 12,347 shares during the quarter. Van ECK Associates Corp’s holdings in CSX were worth $7,963,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CSX. Moneta Group Investment Advisors LLC raised its stake in CSX by 101,926.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,323,241 shares of the transportation company’s stock valued at $722,554,000 after buying an additional 23,300,381 shares in the last quarter. Capital International Investors lifted its holdings in CSX by 181.1% during the 2nd quarter. Capital International Investors now owns 31,241,274 shares of the transportation company’s stock worth $1,065,128,000 after buying an additional 20,126,839 shares during the last quarter. Norges Bank purchased a new stake in CSX during the 4th quarter worth about $621,349,000. First Trust Advisors LP lifted its holdings in CSX by 558.0% during the 1st quarter. First Trust Advisors LP now owns 6,800,925 shares of the transportation company’s stock worth $203,620,000 after buying an additional 5,767,302 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in CSX by 395.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 5,208,520 shares of the transportation company’s stock worth $195,059,000 after buying an additional 4,158,204 shares during the last quarter. 72.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CSX. Raymond James lifted their price target on CSX from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Tuesday, January 16th. TD Cowen boosted their target price on CSX from $32.00 to $36.00 and gave the company a “market perform” rating in a report on Thursday, January 25th. Susquehanna upgraded shares of CSX from a “neutral” rating to a “positive” rating in a research report on Monday, January 8th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $34.00 price target on shares of CSX in a research report on Thursday, January 25th. Finally, StockNews.com downgraded shares of CSX from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $36.24.

Check Out Our Latest Report on CSX

CSX Stock Performance

NASDAQ:CSX opened at $36.89 on Friday. The stock has a market cap of $72.90 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 2.15 and a beta of 1.19. CSX Co. has a fifty-two week low of $27.60 and a fifty-two week high of $37.37. The firm’s fifty day simple moving average is $34.78 and its 200-day simple moving average is $32.34. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 1.48.

CSX (NASDAQ:CSXGet Free Report) last issued its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.63 billion. CSX had a net margin of 25.35% and a return on equity of 30.52%. The firm’s revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.49 EPS. Analysts expect that CSX Co. will post 1.96 earnings per share for the current fiscal year.

About CSX

(Free Report)

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, 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.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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