Quantbot Technologies LP grew its stake in CSX Co. (NASDAQ:CSX – Get Rating) by 89.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 260,519 shares of the transportation company's stock after buying an additional 122,782 shares during the quarter. CSX makes up 0.5% of Quantbot Technologies LP's portfolio, making the stock its 9th biggest holding. Quantbot Technologies LP's holdings in CSX were worth $6,940,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Cetera Advisor Networks LLC grew its position in shares of CSX by 17.1% during the second quarter. Cetera Advisor Networks LLC now owns 136,187 shares of the transportation company's stock worth $3,958,000 after purchasing an additional 19,868 shares in the last quarter. Pictet Asset Management SA grew its position in shares of CSX by 67.5% during the second quarter. Pictet Asset Management SA now owns 1,803,489 shares of the transportation company's stock worth $52,409,000 after purchasing an additional 726,721 shares in the last quarter. Meridian Wealth Management LLC grew its position in shares of CSX by 6.7% during the second quarter. Meridian Wealth Management LLC now owns 12,673 shares of the transportation company's stock worth $368,000 after purchasing an additional 800 shares in the last quarter. Cobblestone Capital Advisors LLC NY grew its position in shares of CSX by 39.0% during the second quarter. Cobblestone Capital Advisors LLC NY now owns 20,688 shares of the transportation company's stock worth $601,000 after purchasing an additional 5,808 shares in the last quarter. Finally, Lyell Wealth Management LP grew its holdings in CSX by 6.6% during the 3rd quarter. Lyell Wealth Management LP now owns 27,955 shares of the transportation company's stock valued at $745,000 after buying an additional 1,742 shares in the last quarter. Hedge funds and other institutional investors own 72.91% of the company's stock.
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CSX Price Performance
NASDAQ CSX traded down $0.99 during trading hours on Thursday, reaching $30.06. The company's stock had a trading volume of 11,041,647 shares, compared to its average volume of 12,334,095. The firm has a market capitalization of $63.20 billion, a price-to-earnings ratio of 16.22, a P/E/G ratio of 1.75 and a beta of 1.24. CSX Co. has a 1-year low of $25.80 and a 1-year high of $38.63. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.72 and a quick ratio of 1.57. The company's 50-day moving average is $31.69 and its two-hundred day moving average is $30.82.
CSX (NASDAQ:CSX – Get Rating) last released its quarterly earnings results on Wednesday, January 25th. The transportation company reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.02. The company had revenue of $3.73 billion during the quarter, compared to analysts' expectations of $3.72 billion. CSX had a return on equity of 30.32% and a net
margin of 28.06%. CSX's quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.42 EPS. On average, equities analysts predict that CSX Co. will post 1.9 EPS for the current year.
Analyst Ratings Changes
CSX has been the subject of several research analyst reports. Credit Suisse Group cut their price target on CSX from $38.00 to $37.00 and set an "outperform" rating for the company in a report on Thursday. Robert W. Baird lowered their price objective on CSX to $34.00 in a research note on Thursday, October 13th. Deutsche Bank Aktiengesellschaft raised their price objective on CSX from $36.00 to $39.00 in a research note on Monday, November 28th. Barclays raised their price objective on CSX from $35.00 to $38.00 and gave the company an "overweight" rating in a research note on Tuesday, November 29th. Finally, Raymond James raised their price objective on CSX from $33.00 to $36.00 and gave the company an "outperform" rating in a research note on Wednesday, January 18th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $34.46.
CSX Company Profile
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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 transports chemicals, agricultural and food products, automotive, minerals, 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.
Further Reading
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