CSX Co. (NASDAQ:CSX) Shares Bought by Czech National Bank

Czech National Bank lifted its stake in CSX Co. (NASDAQ:CSX - Free Report) by 5.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 418,120 shares of the transportation company's stock after buying an additional 23,178 shares during the period. Czech National Bank's holdings in CSX were worth $13,493,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Interval Partners LP grew its position in shares of CSX by 849.0% during the second quarter. Interval Partners LP now owns 5,118,751 shares of the transportation company's stock worth $171,222,000 after acquiring an additional 4,579,344 shares during the last quarter. Assenagon Asset Management S.A. grew its position in CSX by 318.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,270,966 shares of the transportation company's stock worth $112,946,000 after purchasing an additional 2,489,329 shares during the last quarter. Wulff Hansen & CO. grew its position in CSX by 3,243.0% during the 2nd quarter. Wulff Hansen & CO. now owns 2,192,246 shares of the transportation company's stock worth $73,331,000 after purchasing an additional 2,126,668 shares during the last quarter. Bank of Montreal Can increased its stake in CSX by 38.7% in the second quarter. Bank of Montreal Can now owns 6,749,827 shares of the transportation company's stock valued at $225,917,000 after purchasing an additional 1,884,998 shares during the period. Finally, FMR LLC raised its holdings in shares of CSX by 10.2% in the third quarter. FMR LLC now owns 15,612,862 shares of the transportation company's stock valued at $539,112,000 after buying an additional 1,447,651 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Price Performance

CSX traded up $0.25 during trading on Tuesday, reaching $32.14. 12,877,229 shares of the stock were exchanged, compared to its average volume of 13,833,790. CSX Co. has a 1 year low of $31.43 and a 1 year high of $40.12. The company has a market capitalization of $61.98 billion, a price-to-earnings ratio of 17.28, a P/E/G ratio of 2.21 and a beta of 1.20. The business's 50 day moving average price is $34.03 and its two-hundred day moving average price is $33.98. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23.

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wells Fargo & Company dropped their price target on CSX from $35.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 17th. Citigroup upped their price target on CSX from $42.00 to $44.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Susquehanna decreased their price target on CSX from $40.00 to $39.00 and set a "positive" rating for the company in a report on Wednesday, January 8th. Stifel Nicolaus dropped their price objective on shares of CSX from $39.00 to $37.00 and set a "buy" rating on the stock in a research note on Thursday, October 17th. Finally, Barclays raised their target price on shares of CSX from $40.00 to $41.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 13th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $38.67.

CSX Company 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.