Cullen Investment Group LTD. Purchases 518 Shares of CSX Co. (NASDAQ:CSX)

Cullen Investment Group LTD. lifted its position in shares of CSX Co. (NASDAQ:CSX) by 1.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 37,005 shares of the transportation company’s stock after buying an additional 518 shares during the quarter. Cullen Investment Group LTD.’s holdings in CSX were worth $1,194,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Grandview Asset Management LLC bought a new position in CSX during the 4th quarter worth approximately $1,080,000. Courier Capital LLC boosted its position in CSX by 3.3% during the fourth quarter. Courier Capital LLC now owns 12,299 shares of the transportation company’s stock valued at $397,000 after acquiring an additional 392 shares during the last quarter. Miracle Mile Advisors LLC grew its holdings in CSX by 20.1% during the 4th quarter. Miracle Mile Advisors LLC now owns 125,277 shares of the transportation company’s stock worth $4,043,000 after acquiring an additional 20,978 shares during the period. Cooper Financial Group raised its position in shares of CSX by 5.3% in the 4th quarter. Cooper Financial Group now owns 10,299 shares of the transportation company’s stock worth $332,000 after acquiring an additional 522 shares in the last quarter. Finally, Salem Investment Counselors Inc. lifted its stake in shares of CSX by 47.5% in the 4th quarter. Salem Investment Counselors Inc. now owns 10,554 shares of the transportation company’s stock valued at $341,000 after purchasing an additional 3,400 shares during the period. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Stock Performance

NASDAQ CSX opened at $31.89 on Tuesday. The company’s 50 day simple moving average is $34.06 and its two-hundred day simple moving average is $33.99. The stock has a market capitalization of $61.50 billion, a PE ratio of 17.15, a P/E/G ratio of 2.24 and a beta of 1.22. 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 1 year low of $31.43 and a 1 year high of $40.12.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CSX shares. Jefferies Financial Group upgraded shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a report on Friday. BMO Capital Markets decreased their price objective on shares of CSX from $40.00 to $39.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. TD Cowen cut their target price on CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Royal Bank of Canada decreased their price target on CSX from $36.00 to $35.00 and set a “sector perform” rating for the company in a research report on Thursday, October 17th. Finally, Stephens cut their price objective on CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, CSX has a consensus rating of “Moderate Buy” and an average price target of $38.67.

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.