CSX Co. (NASDAQ:CSX) Shares Acquired by Diversified Trust Co

Diversified Trust Co lifted its position in CSX Co. (NASDAQ:CSX) by 180.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 72,197 shares of the transportation company’s stock after purchasing an additional 46,473 shares during the quarter. Diversified Trust Co’s holdings in CSX were worth $2,330,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB lifted its stake in CSX by 32.2% during the 4th quarter. Nordea Investment Management AB now owns 2,342,834 shares of the transportation company’s stock valued at $75,603,000 after acquiring an additional 570,683 shares during the period. Versant Capital Management Inc lifted its position in CSX by 99.1% during the fourth quarter. Versant Capital Management Inc now owns 3,028 shares of the transportation company’s stock valued at $98,000 after purchasing an additional 1,507 shares during the period. SK Wealth Management LLC purchased a new stake in CSX in the third quarter valued at $701,000. Principal Financial Group Inc. grew its position in CSX by 3.4% during the 3rd quarter. Principal Financial Group Inc. now owns 2,348,543 shares of the transportation company’s stock worth $81,095,000 after purchasing an additional 77,488 shares during the period. Finally, Brass Tax Wealth Management Inc. raised its stake in shares of CSX by 3.5% during the 3rd quarter. Brass Tax Wealth Management Inc. now owns 13,000 shares of the transportation company’s stock valued at $449,000 after buying an additional 444 shares during the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on CSX shares. Stifel Nicolaus dropped their target price 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 cut their target price on shares of CSX from $43.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Stephens lowered their price target on shares of CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Barclays lifted their price objective on shares of CSX from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Finally, TD Cowen decreased their price objective on shares of CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.78.

CSX Stock Performance

CSX opened at $32.19 on Wednesday. CSX Co. has a twelve month low of $31.43 and a twelve month high of $40.12. The firm has a market capitalization of $62.08 billion, a PE ratio of 17.31, a PEG ratio of 2.24 and a beta of 1.22. 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 firm’s 50-day moving average price is $34.18 and its 200 day moving average price is $34.02.

CSX (NASDAQ:CSX) last issued its earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.02). The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.68 billion. CSX had a return on equity of 28.92% and a net margin of 24.77%. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.42 earnings per share. As a group, sell-side analysts expect that CSX Co. will post 1.84 EPS for the current fiscal year.

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.