Capital Asset Advisory Services LLC Buys 2,761 Shares of CSX Co. (NASDAQ:CSX)

Capital Asset Advisory Services LLC boosted its stake in CSX Co. (NASDAQ:CSX) by 23.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,458 shares of the transportation company’s stock after acquiring an additional 2,761 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in CSX were worth $468,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Perpetual Ltd bought a new stake in shares of CSX in the fourth quarter worth $83,301,000. Assenagon Asset Management S.A. lifted its position in CSX by 318.5% during 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 buying an additional 2,489,329 shares in the last quarter. FMR LLC boosted its stake in shares of CSX by 10.2% during the 3rd quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock worth $539,112,000 after buying an additional 1,447,651 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of 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 valued at $62,019,000 after acquiring an additional 1,360,075 shares in the last quarter. Finally, Svenska Handelsbanken AB publ acquired a new stake in shares of CSX in the third quarter valued at about $31,018,000. 73.57% of the stock is owned by institutional investors and hedge funds.

CSX Stock Performance

Shares of NASDAQ:CSX opened at $33.64 on Tuesday. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43. CSX Co. has a 12-month low of $31.43 and a 12-month high of $40.12. The company’s 50 day moving average price is $33.53 and its two-hundred day moving average price is $33.96. The firm has a market cap of $64.87 billion, a PE ratio of 18.09, a PEG ratio of 2.06 and a beta of 1.22.

CSX (NASDAQ:CSX) last posted its quarterly earnings data 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 return on equity of 28.92% and a net margin of 24.77%. Equities research analysts predict that CSX Co. will post 1.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Royal Bank of Canada decreased their price target on CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a research note on Friday. TD Cowen lowered their target price on shares of CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. JPMorgan Chase & Co. cut their price target on shares of CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Friday. Loop Capital lowered their price objective on shares of CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Finally, Wells Fargo & Company cut their target price on shares of CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, CSX currently has an average rating of “Moderate Buy” and an average price target of $37.58.

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.