Cidel Asset Management Inc. Has $474,000 Stock Holdings in CSX Co. (NASDAQ:CSX)

Cidel Asset Management Inc. raised its position in CSX Co. (NASDAQ:CSX) by 3.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 14,679 shares of the transportation company’s stock after acquiring an additional 479 shares during the period. Cidel Asset Management Inc.’s holdings in CSX were worth $474,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Perpetual Ltd acquired a new position in CSX during the fourth quarter valued at approximately $83,301,000. Assenagon Asset Management S.A. boosted its holdings in shares of CSX by 318.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,270,966 shares of the transportation company’s stock valued at $112,946,000 after buying an additional 2,489,329 shares during the last quarter. FMR LLC boosted its holdings in shares of CSX by 10.2% in the 3rd 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. KBC Group NV grew its stake in shares of CSX by 616.4% in the fourth quarter. KBC Group NV now owns 1,114,542 shares of the transportation company’s stock valued at $35,966,000 after buying an additional 958,957 shares in the last quarter. Finally, Svenska Handelsbanken AB publ acquired a new position in CSX during the third quarter worth $31,018,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CSX shares. Stifel Nicolaus decreased their price objective on shares of CSX from $39.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Benchmark reiterated a “buy” rating and set a $38.00 price target on shares of CSX in a report on Monday, January 27th. Susquehanna dropped their price objective on CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Jefferies Financial Group upgraded CSX from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Friday, January 10th. Finally, Wells Fargo & Company dropped their price target on CSX from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $37.16.

CSX Stock Performance

NASDAQ:CSX opened at $32.59 on Friday. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. CSX Co. has a 1-year low of $31.43 and a 1-year high of $40.12. The stock’s 50-day moving average is $32.94 and its 200-day moving average is $33.84. The stock has a market cap of $62.85 billion, a P/E ratio of 18.21, a price-to-earnings-growth ratio of 1.91 and a beta of 1.23.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. Equities research analysts anticipate that CSX Co. will post 1.86 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.