E. Ohman J or Asset Management AB Has $1.41 Million Stake in CSX Co. (NASDAQ:CSX)

E. Ohman J or Asset Management AB grew its stake in CSX Co. (NASDAQ:CSX) by 3.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 43,542 shares of the transportation company’s stock after buying an additional 1,516 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in CSX were worth $1,405,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Valley Wealth Managers Inc. raised its holdings in CSX by 177.8% in the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after acquiring an additional 480 shares during the period. Morton Brown Family Wealth LLC acquired a new stake in shares of CSX in the third quarter valued at about $31,000. Addison Advisors LLC increased its stake in shares of CSX by 348.5% in the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock worth $36,000 after purchasing an additional 812 shares during the period. Fortitude Family Office LLC lifted its position in shares of CSX by 43.4% during the 3rd quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock worth $38,000 after purchasing an additional 336 shares during the last quarter. Finally, Synergy Asset Management LLC bought a new stake in CSX during the 4th quarter valued at approximately $41,000. Institutional investors own 73.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on CSX. Royal Bank of Canada dropped their price target on CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research report on Friday, January 24th. Stifel Nicolaus cut their target price on shares of CSX from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Susquehanna decreased their price target on shares of CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. cut their price objective on shares of CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Finally, Jefferies Financial Group raised CSX from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Friday, January 10th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $37.16.

CSX Trading Up 1.1 %

NASDAQ:CSX opened at $32.87 on Wednesday. The business’s 50-day simple moving average is $33.25 and its 200-day simple moving average is $33.89. CSX Co. has a fifty-two week low of $31.43 and a fifty-two week high of $40.12. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. The stock has a market capitalization of $63.39 billion, a PE ratio of 18.36, a price-to-earnings-growth ratio of 1.90 and a beta of 1.23.

CSX (NASDAQ:CSX) last released its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. Sell-side analysts expect that CSX Co. will post 1.88 earnings per share for the current fiscal year.

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.