Grandview Asset Management LLC Purchases New Holdings in CSX Co. (NASDAQ:CSX)

Grandview Asset Management LLC acquired a new position in shares of CSX Co. (NASDAQ:CSX) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 33,460 shares of the transportation company’s stock, valued at approximately $1,080,000.

Several other large investors also recently added to or reduced their stakes in CSX. Avior Wealth Management LLC grew its position in CSX by 2.5% during the third quarter. Avior Wealth Management LLC now owns 11,790 shares of the transportation company’s stock valued at $407,000 after purchasing an additional 293 shares in the last quarter. Lake Street Advisors Group LLC grew its holdings in shares of CSX by 1.8% during the 3rd quarter. Lake Street Advisors Group LLC now owns 17,246 shares of the transportation company’s stock valued at $595,000 after acquiring an additional 306 shares in the last quarter. Rehmann Capital Advisory Group increased its stake in shares of CSX by 1.3% in the third quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company’s stock worth $830,000 after acquiring an additional 306 shares during the last quarter. J.W. Cole Advisors Inc. increased its stake in shares of CSX by 0.9% in the third quarter. J.W. Cole Advisors Inc. now owns 35,401 shares of the transportation company’s stock worth $1,222,000 after acquiring an additional 309 shares during the last quarter. Finally, Associated Banc Corp boosted its position in CSX by 0.6% during the third quarter. Associated Banc Corp now owns 55,534 shares of the transportation company’s stock valued at $1,918,000 after purchasing an additional 310 shares during the last quarter. 73.57% of the stock is owned by institutional investors and hedge funds.

CSX Stock Performance

NASDAQ:CSX opened at $31.89 on Tuesday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39. The firm’s 50-day moving average is $34.06 and its 200-day moving average is $33.99. CSX Co. has a 52-week low of $31.43 and a 52-week high of $40.12. The company has a market cap of $61.50 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 2.24 and a beta of 1.22.

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

Analysts Set New Price Targets

CSX has been the subject of a number of recent research reports. Stifel Nicolaus cut their price target on CSX from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Royal Bank of Canada reduced their target price on shares of CSX from $36.00 to $35.00 and set a “sector perform” rating for the company in a research note on Thursday, October 17th. Jefferies Financial Group raised shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research note on Friday. Barclays increased their target price on shares of CSX from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Finally, Citigroup boosted their price target on CSX from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $38.67.

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.