Folger Nolan Fleming Douglas Capital Management Inc. Has $789,000 Position in CSX Co. (NASDAQ:CSX)

Folger Nolan Fleming Douglas Capital Management Inc. increased its holdings in shares of CSX Co. (NASDAQ:CSX) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,451 shares of the transportation company’s stock after buying an additional 450 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in CSX were worth $789,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. State Street Corp grew its stake in CSX by 0.6% during the 3rd quarter. State Street Corp now owns 82,250,713 shares of the transportation company’s stock valued at $2,840,117,000 after acquiring an additional 455,258 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of CSX by 0.5% during the third quarter. Geode Capital Management LLC now owns 40,906,826 shares of the transportation company’s stock worth $1,407,087,000 after purchasing an additional 190,346 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of CSX by 3.6% during the third quarter. Fisher Asset Management LLC now owns 24,656,931 shares of the transportation company’s stock worth $851,404,000 after purchasing an additional 857,302 shares during the period. FMR LLC grew its position in CSX by 10.2% during the third 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 in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in CSX by 6.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,745,972 shares of the transportation company’s stock valued at $440,118,000 after buying an additional 737,221 shares during the period. 73.57% of the stock is owned by institutional investors and hedge funds.

CSX Price Performance

NASDAQ CSX opened at $32.73 on Friday. CSX Co. has a 1 year low of $31.43 and a 1 year high of $40.12. The company has a fifty day simple moving average of $33.89 and a 200 day simple moving average of $33.96. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The company has a market cap of $63.12 billion, a P/E ratio of 17.60, a P/E/G ratio of 1.93 and a beta of 1.22.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.02). CSX had a net margin of 24.77% and a return on equity of 28.92%. The business had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.68 billion. During the same period in the prior year, the business posted $0.42 earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, sell-side analysts predict that CSX Co. will post 1.83 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CSX. BMO Capital Markets decreased their target price 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. Evercore ISI reduced their price objective on CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. TD Cowen lowered 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 cut their price target on CSX from $36.00 to $35.00 and set a “sector perform” rating for the company in a research note on Thursday, October 17th. Finally, Citigroup boosted their price target on CSX from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $38.65.

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.