CSX Co. (NASDAQ:CSX) Shares Bought by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI raised its position in CSX Co. (NASDAQ:CSX) by 20.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,669 shares of the transportation company’s stock after acquiring an additional 16,911 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in CSX were worth $3,249,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Public Sector Pension Investment Board boosted its stake in shares of CSX by 69.3% during the 2nd quarter. Public Sector Pension Investment Board now owns 74,576 shares of the transportation company’s stock valued at $2,495,000 after buying an additional 30,531 shares during the last quarter. Dark Forest Capital Management LP bought a new position in CSX during the second quarter worth $221,000. The Manufacturers Life Insurance Company lifted its stake in CSX by 7.2% during the second quarter. The Manufacturers Life Insurance Company now owns 2,570,083 shares of the transportation company’s stock worth $85,965,000 after purchasing an additional 171,527 shares during the last quarter. Ascent Group LLC lifted its stake in CSX by 27.9% during the second quarter. Ascent Group LLC now owns 75,185 shares of the transportation company’s stock worth $2,515,000 after purchasing an additional 16,406 shares during the last quarter. Finally, Kitching Partners LLC bought a new position in CSX during the second quarter worth $359,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on CSX shares. Stephens restated an “overweight” rating and set a $38.00 price objective on shares of CSX in a research note on Friday. Loop Capital cut their target price on CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Stifel Nicolaus cut their target price on CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Robert W. Baird cut their target price on CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Evercore ISI cut their target price on CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Six 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 a consensus rating of “Moderate Buy” and a consensus price target of $37.68.

CSX Trading Up 0.9 %

NASDAQ:CSX opened at $32.99 on Monday. 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 Co. has a 1-year low of $31.43 and a 1-year high of $40.12. The firm has a market capitalization of $63.61 billion, a price-to-earnings ratio of 17.62, a price-to-earnings-growth ratio of 2.06 and a beta of 1.22. The stock has a fifty day simple moving average of $33.53 and a 200 day simple moving average of $33.96.

CSX (NASDAQ:CSX) last released 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 24.77% and a return on equity of 28.92%. Sell-side analysts forecast that CSX Co. will post 1.83 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.