Perpetual Ltd Purchases Shares of 2,581,368 CSX Co. (NASDAQ:CSX)

Perpetual Ltd acquired a new stake in shares of CSX Co. (NASDAQ:CSX) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,581,368 shares of the transportation company’s stock, valued at approximately $83,301,000. CSX comprises about 1.0% of Perpetual Ltd’s holdings, making the stock its 29th biggest holding. Perpetual Ltd owned 0.13% of CSX at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. XTX Topco Ltd purchased a new position in shares of CSX in the second quarter valued at about $545,000. Ensign Peak Advisors Inc increased its holdings in CSX by 11.3% during the 2nd quarter. Ensign Peak Advisors Inc now owns 766,509 shares of the transportation company’s stock valued at $25,640,000 after purchasing an additional 77,735 shares during the period. Frank Rimerman Advisors LLC increased its holdings in CSX by 20,235.2% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 21,962 shares of the transportation company’s stock valued at $735,000 after purchasing an additional 21,854 shares during the period. Fidelis Capital Partners LLC lifted its holdings in CSX by 44.0% in the 2nd quarter. Fidelis Capital Partners LLC now owns 32,139 shares of the transportation company’s stock worth $1,081,000 after buying an additional 9,816 shares during the period. Finally, Itau Unibanco Holding S.A. purchased a new stake in CSX in the 2nd quarter worth approximately $26,000. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. TD Cowen decreased their target price on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a report on Thursday, October 17th. Stephens decreased their price objective on shares of CSX from $41.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Susquehanna dropped their target price on shares of CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Stifel Nicolaus reduced their price target on shares of CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Finally, Jefferies Financial Group upgraded shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Friday, January 10th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.65.

CSX Trading Down 0.7 %

CSX stock opened at $32.73 on Tuesday. CSX Co. has a 12 month low of $31.43 and a 12 month high of $40.12. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The business’s fifty day simple moving average is $33.82 and its two-hundred day simple moving average is $33.96. The company has a market capitalization of $63.12 billion, a price-to-earnings ratio of 17.60, a price-to-earnings-growth ratio of 2.02 and a beta of 1.22.

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.