CSX Co. (NASDAQ:CSX) Stock Position Raised by Verde Servicos Internacionais S.A.

Verde Servicos Internacionais S.A. raised its holdings in shares of CSX Co. (NASDAQ:CSX) by 38.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 426,348 shares of the transportation company’s stock after acquiring an additional 118,355 shares during the quarter. CSX makes up 5.9% of Verde Servicos Internacionais S.A.’s investment portfolio, making the stock its 6th largest position. Verde Servicos Internacionais S.A.’s holdings in CSX were worth $13,758,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CSX. State Street Corp raised its position in shares of CSX by 0.6% in 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 buying an additional 455,258 shares during the last quarter. Geode Capital Management LLC grew its stake in CSX by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 40,906,826 shares of the transportation company’s stock worth $1,407,087,000 after acquiring an additional 190,346 shares during the period. Fisher Asset Management LLC lifted its stake in shares of CSX by 3.6% during the 3rd quarter. Fisher Asset Management LLC now owns 24,656,931 shares of the transportation company’s stock worth $851,404,000 after purchasing an additional 857,302 shares during the period. FMR LLC boosted its holdings in shares of 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 purchasing an additional 1,447,651 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of 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 purchasing an additional 737,221 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.

Analyst Ratings Changes

CSX has been the topic of several recent analyst reports. Royal Bank of Canada reduced their target price on CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research report on Friday. BMO Capital Markets decreased their target price on shares of CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday. Robert W. Baird dropped their price target on shares of CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday. JPMorgan Chase & Co. lowered their price objective on shares of CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Citigroup cut their target price on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $37.58.

CSX Price Performance

Shares of NASDAQ CSX opened at $33.64 on Tuesday. The business has a 50 day moving average price of $33.53 and a two-hundred day moving average price of $33.96. CSX Co. has a fifty-two week low of $31.43 and a fifty-two week high of $40.12. The firm has a market cap of $64.87 billion, a PE ratio of 18.09, a price-to-earnings-growth ratio of 2.06 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.

CSX (NASDAQ:CSX) last issued its quarterly 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%. Sell-side analysts expect that CSX Co. will post 1.83 earnings per share for the current fiscal year.

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.