CSX Co. (NASDAQ:CSX) Shares Purchased by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC grew its holdings in shares of CSX Co. (NASDAQ:CSX) by 32.8% during the fourth quarter, Holdings Channel reports. The firm owned 24,349 shares of the transportation company’s stock after acquiring an additional 6,019 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in CSX were worth $786,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Perpetual Ltd acquired a new stake in CSX in the fourth quarter worth $83,301,000. Assenagon Asset Management S.A. increased its holdings in shares of CSX by 318.5% in 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 acquiring an additional 2,489,329 shares during the period. Bank of Montreal Can lifted its position in CSX by 38.7% in the 2nd quarter. Bank of Montreal Can now owns 6,749,827 shares of the transportation company’s stock valued at $225,917,000 after purchasing an additional 1,884,998 shares during the last quarter. FMR LLC boosted its stake in CSX by 10.2% during the 3rd quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock valued at $539,112,000 after purchasing an additional 1,447,651 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in CSX by 275.3% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,854,075 shares of the transportation company’s stock worth $62,019,000 after purchasing an additional 1,360,075 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors.

CSX Price Performance

Shares of NASDAQ:CSX opened at $33.27 on Wednesday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39. The company has a market capitalization of $64.16 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 2.02 and a beta of 1.22. The stock has a fifty day moving average of $33.74 and a 200-day moving average of $33.95. CSX Co. has a one year low of $31.43 and a one year high of $40.12.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus cut their price target on CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Loop Capital reduced their price target on CSX from $43.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Wells Fargo & Company lowered their price target on CSX from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Thursday, October 17th. Citigroup upped their price objective on shares of CSX from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, Stephens lowered their target price on shares of CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $38.65.

About CSX

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.