Grandview Asset Management LLC Purchases Shares of 33,460 CSX Co. (NASDAQ:CSX)

Grandview Asset Management LLC bought a new position in shares of CSX Co. (NASDAQ:CSX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 33,460 shares of the transportation company's stock, valued at approximately $1,080,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. American Century Companies Inc. grew its holdings in CSX by 14.3% in the 2nd quarter. American Century Companies Inc. now owns 1,716,548 shares of the transportation company's stock valued at $57,419,000 after buying an additional 214,966 shares in the last quarter. Thoroughbred Financial Services LLC grew its holdings in shares of CSX by 109.5% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 25,946 shares of the transportation company's stock worth $867,000 after purchasing an additional 13,560 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in CSX by 87.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 229,805 shares of the transportation company's stock valued at $7,687,000 after purchasing an additional 106,953 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in CSX by 2.3% during the second quarter. Envestnet Asset Management Inc. now owns 2,603,301 shares of the transportation company's stock worth $87,080,000 after purchasing an additional 59,033 shares during the period. Finally, WINTON GROUP Ltd grew its stake in CSX by 90.7% during the second quarter. WINTON GROUP Ltd now owns 21,016 shares of the transportation company's stock worth $703,000 after buying an additional 9,995 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Stock Performance

NASDAQ:CSX traded up $0.25 during trading hours on Tuesday, reaching $32.14. The stock had a trading volume of 12,877,123 shares, compared to its average volume of 13,817,197. The stock has a 50 day simple moving average of $34.06 and a 200 day simple moving average of $33.99. CSX Co. has a 12-month low of $31.43 and a 12-month high of $40.12. The stock has a market cap of $61.98 billion, a P/E ratio of 17.28, a price-to-earnings-growth ratio of 2.21 and a beta of 1.20. 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 issued its earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by ($0.02). The business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.68 billion. CSX had a net margin of 24.77% and a return on equity of 28.92%. The company's revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.42 EPS. On average, research analysts forecast that CSX Co. will post 1.84 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CSX has been the topic of several research reports. Evercore ISI decreased their price target on shares of CSX from $38.00 to $37.00 and set an "outperform" rating on the stock in a report on Thursday, October 17th. Stifel Nicolaus cut their price target on shares of CSX from $39.00 to $37.00 and set a "buy" rating on the stock in a research report on Thursday, October 17th. Barclays raised their price objective on shares of CSX from $40.00 to $41.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 13th. Loop Capital cut their price objective on shares of CSX from $43.00 to $42.00 and set a "buy" rating on the stock in a research report on Thursday, October 17th. Finally, Royal Bank of Canada decreased their price target on shares of CSX from $36.00 to $35.00 and set a "sector perform" rating for the company in a research note on Thursday, October 17th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $38.67.

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.