Newbridge Financial Services Group Inc. Purchases New Position in CSX Co. (NASDAQ:CSX)

Newbridge Financial Services Group Inc. purchased a new stake in CSX Co. (NASDAQ:CSX) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,218 shares of the transportation company’s stock, valued at approximately $39,000.

Several other large investors have also recently added to or reduced their stakes in CSX. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of CSX by 20.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 467,399 shares of the transportation company’s stock valued at $16,139,000 after acquiring an additional 80,423 shares in the last quarter. Diversified Trust Co grew its stake in shares of CSX by 180.7% during the fourth quarter. Diversified Trust Co now owns 72,197 shares of the transportation company’s stock valued at $2,330,000 after acquiring an additional 46,473 shares in the last quarter. Marshall Financial Group LLC acquired a new stake in shares of CSX during the fourth quarter valued at about $1,084,000. Thrivent Financial for Lutherans grew its stake in shares of CSX by 0.7% during the third quarter. Thrivent Financial for Lutherans now owns 3,374,499 shares of the transportation company’s stock valued at $116,521,000 after acquiring an additional 24,430 shares in the last quarter. Finally, Carnegie Investment Counsel grew its stake in shares of CSX by 1.4% during the fourth quarter. Carnegie Investment Counsel now owns 612,051 shares of the transportation company’s stock valued at $19,751,000 after acquiring an additional 8,474 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CSX shares. Wells Fargo & Company lowered their target price on CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Stifel Nicolaus decreased 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. Barclays decreased their price target on CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Evercore ISI decreased their price target on CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Finally, Susquehanna decreased their price target on CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $37.16.

CSX Stock Performance

Shares of NASDAQ CSX opened at $33.11 on Wednesday. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The stock has a 50 day simple moving average of $32.88 and a 200-day simple moving average of $33.85. The company has a market cap of $63.85 billion, a PE ratio of 18.50, a P/E/G ratio of 1.91 and a beta of 1.23. CSX Co. has a 12-month low of $31.43 and a 12-month high of $40.12.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. On average, equities research analysts forecast that CSX Co. will post 1.86 EPS for the current year.

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.