Oakworth Capital Inc. Raises Position in CSX Co. (NASDAQ:CSX)

Oakworth Capital Inc. increased its holdings in CSX Co. (NASDAQ:CSX) by 106.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,344 shares of the transportation company’s stock after buying an additional 7,898 shares during the period. Oakworth Capital Inc.’s holdings in CSX were worth $495,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CSX. Perpetual Ltd purchased a new stake in CSX during the fourth quarter valued at about $83,301,000. Assenagon Asset Management S.A. raised its position in CSX by 318.5% during the third quarter. Assenagon Asset Management S.A. now owns 3,270,966 shares of the transportation company’s stock valued at $112,946,000 after purchasing an additional 2,489,329 shares in the last quarter. FMR LLC raised its position in CSX by 10.2% during the third quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock valued at $539,112,000 after purchasing an additional 1,447,651 shares in the last quarter. KBC Group NV raised its position in CSX by 616.4% during the fourth quarter. KBC Group NV now owns 1,114,542 shares of the transportation company’s stock valued at $35,966,000 after purchasing an additional 958,957 shares in the last quarter. Finally, Svenska Handelsbanken AB publ bought a new position in shares of CSX during the third quarter valued at about $31,018,000. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Price Performance

CSX stock opened at $32.88 on Thursday. CSX Co. has a 52-week low of $31.43 and a 52-week high of $40.12. The firm has a market capitalization of $63.41 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 1.90 and a beta of 1.23. The firm has a 50 day moving average price of $33.10 and a 200-day moving average price of $33.87. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86.

CSX (NASDAQ:CSX) last posted its earnings results 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 return on equity of 28.15% and a net margin of 23.95%. Equities research analysts forecast that CSX Co. will post 1.88 EPS for the current fiscal year.

Analysts Set New Price Targets

CSX has been the topic of a number of recent research reports. Raymond James reaffirmed an “outperform” rating and set a $37.00 price objective (down from $38.00) on shares of CSX in a research note on Friday, January 24th. Citigroup reduced their price objective on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Stifel Nicolaus reduced their price objective on CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Benchmark reaffirmed a “buy” rating and set a $38.00 price objective on shares of CSX in a research note on Monday, January 27th. Finally, Wells Fargo & Company cut their target price on CSX from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $37.16.

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.