CSX Co. (NASDAQ:CSX) Shares Acquired by Signet Investment Advisory Group Inc.

Signet Investment Advisory Group Inc. lifted its position in CSX Co. (NASDAQ:CSX) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 131,291 shares of the transportation company’s stock after purchasing an additional 3,323 shares during the period. CSX comprises about 2.2% of Signet Investment Advisory Group Inc.’s portfolio, making the stock its 14th biggest holding. Signet Investment Advisory Group Inc.’s holdings in CSX were worth $4,237,000 at the end of the most recent reporting period.

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

CSX Price Performance

CSX stock opened at $33.11 on Wednesday. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. 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 has a 50-day moving average price of $32.88 and a 200 day moving average price of $33.85. CSX Co. has a 12-month low of $31.43 and a 12-month high of $40.12.

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

Analysts Set New Price Targets

CSX has been the topic of several research analyst reports. Stephens reiterated an “overweight” rating and issued a $38.00 target price on shares of CSX in a research report on Friday, January 24th. Royal Bank of Canada decreased their price target on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research note on Friday, January 24th. Evercore ISI cut their price objective on CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Citigroup decreased their target price on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Finally, Loop Capital cut 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 report on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $37.16.

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.