Augustine Asset Management Inc. Buys 1,081 Shares of CSX Co. (NASDAQ:CSX)

Augustine Asset Management Inc. lifted its stake in CSX Co. (NASDAQ:CSX) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,076 shares of the transportation company’s stock after acquiring an additional 1,081 shares during the quarter. Augustine Asset Management Inc.’s holdings in CSX were worth $2,358,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Exchange Traded Concepts LLC lifted its holdings in CSX by 255.9% in the third quarter. Exchange Traded Concepts LLC now owns 7,505 shares of the transportation company’s stock valued at $259,000 after acquiring an additional 5,396 shares during the period. Koshinski Asset Management Inc. lifted its stake in shares of CSX by 2.3% in the 3rd quarter. Koshinski Asset Management Inc. now owns 15,000 shares of the transportation company’s stock worth $518,000 after purchasing an additional 331 shares during the period. Creative Planning boosted its holdings in shares of CSX by 2.2% in the third quarter. Creative Planning now owns 634,696 shares of the transportation company’s stock worth $21,916,000 after buying an additional 13,613 shares during the last quarter. NBC Securities Inc. boosted its holdings in shares of CSX by 8.3% in the third quarter. NBC Securities Inc. now owns 7,323 shares of the transportation company’s stock worth $252,000 after buying an additional 560 shares during the last quarter. Finally, Lockerman Financial Group Inc. increased its holdings in CSX by 20.5% during the third quarter. Lockerman Financial Group Inc. now owns 7,628 shares of the transportation company’s stock valued at $263,000 after buying an additional 1,300 shares during the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Stock Up 0.1 %

Shares of CSX stock opened at $33.11 on Wednesday. The stock has a market cap of $63.85 billion, a P/E ratio of 18.50, a PEG ratio of 1.91 and a beta of 1.23. The company’s fifty day simple moving average is $32.88 and its two-hundred day simple moving average is $33.85. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. CSX Co. has a 52 week low of $31.43 and a 52 week high of $40.12.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. Analysts predict that CSX Co. will post 1.86 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Loop Capital cut shares of CSX from a “buy” rating to a “hold” rating and dropped their price target for the stock from $40.00 to $34.00 in a research note on Monday, February 3rd. Barclays lowered their target price on CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Benchmark restated a “buy” rating and issued a $38.00 price target on shares of CSX in a research report on Monday, January 27th. Susquehanna lowered their price objective on CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Finally, Citigroup cut their price objective on CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $37.16.

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.