Oak Thistle LLC Acquires 22,874 Shares of CSX Co. (NASDAQ:CSX)

Oak Thistle LLC boosted its position in shares of CSX Co. (NASDAQ:CSX - Free Report) by 349.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,413 shares of the transportation company's stock after acquiring an additional 22,874 shares during the period. Oak Thistle LLC's holdings in CSX were worth $949,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its holdings in CSX by 2.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,603,301 shares of the transportation company's stock worth $87,080,000 after acquiring an additional 59,033 shares in the last quarter. WINTON GROUP Ltd lifted its stake in shares of CSX by 90.7% in the 2nd quarter. WINTON GROUP Ltd now owns 21,016 shares of the transportation company's stock valued at $703,000 after purchasing an additional 9,995 shares during the period. Brown Brothers Harriman & Co. increased its position in shares of CSX by 38.0% during the second quarter. Brown Brothers Harriman & Co. now owns 25,998 shares of the transportation company's stock worth $870,000 after purchasing an additional 7,158 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in CSX by 23.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,811,600 shares of the transportation company's stock valued at $94,048,000 after purchasing an additional 538,484 shares during the period. Finally, One Capital Management LLC purchased a new stake in shares of CSX during the second quarter worth $637,000. Hedge funds and other institutional investors own 73.57% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on CSX. Stephens cut their price objective on CSX from $41.00 to $39.00 and set an "overweight" rating for the company in a research report on Thursday, October 17th. Royal Bank of Canada cut their price objective on CSX from $36.00 to $35.00 and set a "sector perform" rating on the stock in a research note on Thursday, October 17th. BMO Capital Markets cut their price target on CSX from $40.00 to $39.00 and set an "outperform" rating on the stock in a report on Thursday, October 17th. Susquehanna decreased their target price on CSX from $40.00 to $39.00 and set a "positive" rating for the company in a research note on Wednesday, January 8th. Finally, Evercore ISI lowered their price objective on shares of CSX from $38.00 to $37.00 and set an "outperform" rating on the stock in a research report on Thursday, October 17th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, CSX has an average rating of "Moderate Buy" and a consensus target price of $38.67.

CSX Trading Up 1.0 %

Shares of NASDAQ:CSX opened at $32.46 on Thursday. The stock has a market cap of $62.60 billion, a PE ratio of 17.45, a P/E/G ratio of 1.93 and a beta of 1.22. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43. The business has a 50 day moving average of $34.03 and a 200-day moving average of $33.98. CSX Co. has a 12-month low of $31.43 and a 12-month high of $40.12.

CSX (NASDAQ:CSX - Get Free Report) last posted its quarterly earnings results on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.48 by ($0.02). The company had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.68 billion. CSX had a return on equity of 28.92% and a net margin of 24.77%. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.42 earnings per share. As a group, equities research analysts forecast that CSX Co. will post 1.83 earnings per share for the current year.

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.