CSX Co. (NASDAQ:CSX) Stock Holdings Boosted by Verde Servicos Internacionais S.A.

Verde Servicos Internacionais S.A. raised its stake in shares of CSX Co. (NASDAQ:CSX - Free Report) by 38.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 426,348 shares of the transportation company's stock after buying an additional 118,355 shares during the quarter. CSX comprises about 5.9% of Verde Servicos Internacionais S.A.'s investment portfolio, making the stock its 6th biggest holding. Verde Servicos Internacionais S.A.'s holdings in CSX were worth $13,758,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CSX. Avior Wealth Management LLC raised its holdings in shares of CSX by 2.5% in the third quarter. Avior Wealth Management LLC now owns 11,790 shares of the transportation company's stock worth $407,000 after buying an additional 293 shares during the period. Lake Street Advisors Group LLC raised its holdings in shares of CSX by 1.8% in the third quarter. Lake Street Advisors Group LLC now owns 17,246 shares of the transportation company's stock worth $595,000 after buying an additional 306 shares during the period. Rehmann Capital Advisory Group raised its holdings 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 buying an additional 306 shares during the period. J.W. Cole Advisors Inc. raised its holdings 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 buying an additional 309 shares during the period. Finally, Associated Banc Corp raised its holdings in shares of CSX by 0.6% in the third quarter. Associated Banc Corp now owns 55,534 shares of the transportation company's stock worth $1,918,000 after buying an additional 310 shares during the period. Hedge funds and other institutional investors own 73.57% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CSX. TD Cowen dropped their price objective on CSX from $36.00 to $35.00 and set a "hold" rating on the stock in a research note on Thursday, October 17th. Susquehanna dropped their price objective on CSX from $40.00 to $39.00 and set a "positive" rating on the stock in a research note on Wednesday, January 8th. Stephens reissued an "overweight" rating and issued a $38.00 price objective on shares of CSX in a research note on Friday. Royal Bank of Canada dropped their price objective on CSX from $34.00 to $33.00 and set a "sector perform" rating on the stock in a research note on Friday. Finally, Benchmark reaffirmed a "buy" rating and set a $38.00 target price on shares of CSX in a research report on Monday. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $37.58.

CSX Stock Performance

CSX stock traded down $0.83 during midday trading on Tuesday, reaching $32.82. The stock had a trading volume of 7,697,313 shares, compared to its average volume of 15,295,115. The stock has a market cap of $63.28 billion, a PE ratio of 17.64, a P/E/G ratio of 2.06 and a beta of 1.22. 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 has a fifty day simple moving average of $33.51 and a two-hundred day simple moving average of $33.96. CSX Co. has a 52-week low of $31.43 and a 52-week high of $40.12.

CSX (NASDAQ:CSX - Get Free Report) last issued its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. As a group, equities research analysts anticipate that CSX Co. will post 1.83 EPS for the current year.

About CSX

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.