Grandview Asset Management LLC Takes Position in CSX Co. (NASDAQ:CSX)

Grandview Asset Management LLC purchased a new position in CSX Co. (NASDAQ:CSX) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 33,460 shares of the transportation company’s stock, valued at approximately $1,080,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CSX. Courier Capital LLC increased its position in shares of CSX by 3.3% in the 4th quarter. Courier Capital LLC now owns 12,299 shares of the transportation company’s stock worth $397,000 after purchasing an additional 392 shares during the last quarter. Miracle Mile Advisors LLC grew its stake in CSX by 20.1% in the fourth quarter. Miracle Mile Advisors LLC now owns 125,277 shares of the transportation company’s stock worth $4,043,000 after purchasing an additional 20,978 shares in the last quarter. Cooper Financial Group grew its stake in CSX by 5.3% in the fourth quarter. Cooper Financial Group now owns 10,299 shares of the transportation company’s stock worth $332,000 after purchasing an additional 522 shares in the last quarter. Salem Investment Counselors Inc. increased its holdings in CSX by 47.5% in the fourth quarter. Salem Investment Counselors Inc. now owns 10,554 shares of the transportation company’s stock valued at $341,000 after buying an additional 3,400 shares during the last quarter. Finally, Czech National Bank raised its stake in CSX by 5.9% during the fourth quarter. Czech National Bank now owns 418,120 shares of the transportation company’s stock valued at $13,493,000 after buying an additional 23,178 shares in the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Trading Up 0.3 %

Shares of NASDAQ:CSX opened at $31.89 on Tuesday. CSX Co. has a twelve month low of $31.43 and a twelve month high of $40.12. 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 has a market cap of $61.50 billion, a P/E ratio of 17.15, a P/E/G ratio of 2.24 and a beta of 1.22. The company has a 50 day moving average of $34.06 and a 200-day moving average of $33.99.

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). The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.68 billion. CSX had a net margin of 24.77% and a return on equity of 28.92%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 earnings per share. As a group, analysts anticipate that CSX Co. will post 1.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Loop Capital reduced their price objective on CSX from $43.00 to $42.00 and set a “buy” rating on the stock 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 for the company in a report on Wednesday, January 8th. BMO Capital Markets lowered their price objective on shares of CSX from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Evercore ISI cut their target price on shares of CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Finally, Jefferies Financial Group raised CSX from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a report on Friday. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.67.

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.