Janney Montgomery Scott LLC Raises Holdings in CSX Co. (NASDAQ:CSX)

Janney Montgomery Scott LLC raised its stake in shares of CSX Co. (NASDAQ:CSX) by 69.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,179,081 shares of the transportation company’s stock after acquiring an additional 482,277 shares during the quarter. Janney Montgomery Scott LLC’s holdings in CSX were worth $38,049,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Perpetual Ltd purchased a new position in CSX in the fourth quarter worth $83,301,000. Assenagon Asset Management S.A. boosted its position in shares of CSX by 318.5% in 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 purchasing an additional 2,489,329 shares in the last quarter. FMR LLC grew its stake in 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 increased its position in CSX by 275.3% during 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 buying an additional 1,360,075 shares in the last quarter. Finally, Svenska Handelsbanken AB publ purchased a new stake in CSX in the third quarter valued at about $31,018,000. Institutional investors own 73.57% of the company’s stock.

CSX Price Performance

NASDAQ:CSX opened at $33.67 on Friday. 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 52 week low of $31.43 and a 52 week high of $40.12. The stock’s 50-day moving average price is $33.62 and its 200-day moving average price is $33.95. The stock has a market capitalization of $64.93 billion, a PE ratio of 18.10, a price-to-earnings-growth ratio of 2.05 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 net margin of 24.77% and a return on equity of 28.92%. As a group, equities analysts expect that CSX Co. will post 1.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CSX shares. Royal Bank of Canada cut their price objective on shares of CSX from $36.00 to $35.00 and set a “sector perform” rating on the stock in a report on Thursday, October 17th. Stephens decreased their price target on shares of CSX from $41.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Evercore ISI dropped their price objective 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. Susquehanna reduced their target price on CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus dropped their price target on CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, CSX has an average rating of “Moderate Buy” and a consensus target price of $38.65.

CSX Company 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.