150,240 Shares in CSX Co. (NASDAQ:CSX) Bought by Ausbil Investment Management Ltd

Ausbil Investment Management Ltd purchased a new stake in CSX Co. (NASDAQ:CSX) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 150,240 shares of the transportation company’s stock, valued at approximately $4,859,000. CSX makes up approximately 2.9% of Ausbil Investment Management Ltd’s holdings, making the stock its 13th largest holding.

A number of other institutional investors also recently bought and sold shares of CSX. Perpetual Ltd acquired a new position in CSX during the 4th quarter worth approximately $83,301,000. Assenagon Asset Management S.A. lifted its holdings in CSX by 318.5% in the third quarter. Assenagon Asset Management S.A. now owns 3,270,966 shares of the transportation company’s stock valued at $112,946,000 after acquiring an additional 2,489,329 shares during the period. FMR LLC grew its stake in shares of CSX by 10.2% during the 3rd 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 period. KBC Group NV increased its holdings in shares of CSX by 616.4% in the 4th quarter. KBC Group NV now owns 1,114,542 shares of the transportation company’s stock valued at $35,966,000 after purchasing an additional 958,957 shares in the last quarter. Finally, Svenska Handelsbanken AB publ purchased a new stake in CSX during the third quarter worth about $31,018,000. 73.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on CSX. JPMorgan Chase & Co. decreased their price target on CSX from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Barclays decreased their target price on CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Benchmark reaffirmed a “buy” rating and set a $38.00 price target on shares of CSX in a research note on Monday, January 27th. TD Cowen lowered their price objective on shares of CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Finally, Citigroup cut their target price on shares of CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, CSX presently has an average rating of “Moderate Buy” and a consensus target price of $37.58.

CSX Price Performance

CSX opened at $32.87 on Friday. CSX Co. has a 1 year low of $31.43 and a 1 year high of $40.12. The company’s 50 day simple moving average is $33.39 and its 200 day simple moving average is $33.94. The stock has a market capitalization of $63.39 billion, a PE ratio of 18.36, a P/E/G ratio of 1.90 and a beta of 1.22. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share 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%. As a group, sell-side analysts expect that CSX Co. will post 1.88 EPS 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.