358,486 Shares in CSX Co. (NASDAQ:CSX) Purchased by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC bought a new stake in CSX Co. (NASDAQ:CSX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 358,486 shares of the transportation company's stock, valued at approximately $11,568,000.

Other large investors have also recently bought and sold shares of the company. State Street Corp boosted its position in CSX by 0.6% during the third quarter. State Street Corp now owns 82,250,713 shares of the transportation company's stock valued at $2,840,117,000 after purchasing an additional 455,258 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of CSX by 0.5% in the third quarter. Geode Capital Management LLC now owns 40,906,826 shares of the transportation company's stock valued at $1,407,087,000 after buying an additional 190,346 shares in the last quarter. Fisher Asset Management LLC increased its holdings in CSX by 3.6% during the third quarter. Fisher Asset Management LLC now owns 24,656,931 shares of the transportation company's stock worth $851,404,000 after buying an additional 857,302 shares during the last quarter. FMR LLC raised its position in CSX by 10.2% during the third quarter. FMR LLC now owns 15,612,862 shares of the transportation company's stock worth $539,112,000 after acquiring an additional 1,447,651 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in CSX by 6.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,745,972 shares of the transportation company's stock valued at $440,118,000 after acquiring an additional 737,221 shares during the last quarter. Institutional investors and hedge funds own 73.57% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on CSX. Jefferies Financial Group raised CSX from a "hold" rating to a "buy" rating and set a $37.00 price target for the company in a report on Friday, January 10th. Citigroup upped their price objective on shares of CSX from $42.00 to $44.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Loop Capital cut their price target on shares of CSX from $43.00 to $42.00 and set a "buy" rating for the company in a report on Thursday, October 17th. BMO Capital Markets cut their target price on CSX from $40.00 to $39.00 and set an "outperform" rating for the company in a research note on Thursday, October 17th. Finally, TD Cowen lowered their price target on CSX from $36.00 to $35.00 and set a "hold" rating for the company in a report on Thursday, October 17th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $38.65.

CSX Trading Down 0.7 %

Shares of CSX stock traded down $0.24 on Friday, hitting $32.73. The stock had a trading volume of 20,683,825 shares, compared to its average volume of 9,942,721. The company's 50 day moving average price is $33.82 and its 200-day moving average price is $33.96. 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 Co. has a 1 year low of $31.43 and a 1 year high of $40.12. The firm has a market capitalization of $63.12 billion, a P/E ratio of 17.60, a P/E/G ratio of 1.93 and a beta of 1.22.

CSX (NASDAQ:CSX - Get Free Report) last posted its 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). CSX had a net margin of 24.77% and a return on equity of 28.92%. The company had revenue of $3.62 billion during the quarter, compared to analysts' expectations of $3.68 billion. During the same period last year, the business earned $0.42 earnings per share. The company's quarterly revenue was up 1.3% on a year-over-year basis. Analysts anticipate that CSX Co. will post 1.83 earnings per share 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.