27,700 Shares in CSX Co. (NASDAQ:CSX) Acquired by Board of the Pension Protection Fund

Board of the Pension Protection Fund acquired a new position in shares of CSX Co. (NASDAQ:CSX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 27,700 shares of the transportation company's stock, valued at approximately $894,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. purchased a new stake in shares of CSX in the 2nd quarter valued at $26,000. Valley Wealth Managers Inc. boosted its position in CSX by 177.8% during the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company's stock valued at $26,000 after buying an additional 480 shares during the period. Morton Brown Family Wealth LLC bought a new position in shares of CSX during the third quarter valued at about $31,000. Fairscale Capital LLC bought a new position in shares of CSX during the second quarter valued at about $32,000. Finally, Addison Advisors LLC increased its holdings in shares of CSX by 348.5% in the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company's stock worth $36,000 after buying an additional 812 shares during the period. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CSX. Loop Capital reduced their price target on CSX from $43.00 to $42.00 and set a "buy" rating on the stock in a research report on Thursday, October 17th. Stephens cut their target price on shares of CSX from $41.00 to $39.00 and set an "overweight" rating on the stock in a report on Thursday, October 17th. Citigroup lifted their target price on shares of CSX from $42.00 to $44.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Stifel Nicolaus dropped their price target on shares of CSX from $39.00 to $37.00 and set a "buy" rating for the company in a research report on Thursday, October 17th. Finally, Susquehanna decreased their price objective on shares of CSX from $40.00 to $39.00 and set a "positive" rating on the stock in a research report on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $38.67.

CSX Stock Up 1.0 %

Shares of CSX traded up $0.32 on Wednesday, reaching $32.46. The stock had a trading volume of 13,693,653 shares, compared to its average volume of 13,815,874. The firm has a market capitalization of $62.60 billion, a price-to-earnings ratio of 17.45, a price-to-earnings-growth ratio of 2.21 and a beta of 1.20. The company has a 50-day simple moving average of $34.03 and a 200-day simple moving average of $33.98. CSX Co. has a 12-month low of $31.43 and a 12-month high of $40.12. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39.

CSX (NASDAQ:CSX - Get Free Report) last announced its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). The firm had revenue of $3.62 billion for the quarter, compared to analysts' expectations of $3.68 billion. CSX had a net margin of 24.77% and a return on equity of 28.92%. The business's quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.42 EPS. Sell-side analysts predict that CSX Co. will post 1.84 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.