OLD National Bancorp IN Raises Holdings in CSX Co. (NASDAQ:CSX)

OLD National Bancorp IN grew its position in shares of CSX Co. (NASDAQ:CSX) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 95,943 shares of the transportation company’s stock after purchasing an additional 1,091 shares during the quarter. OLD National Bancorp IN’s holdings in CSX were worth $3,096,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Valley Wealth Managers Inc. grew its holdings in shares of CSX by 177.8% during the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after purchasing an additional 480 shares during the last quarter. Morton Brown Family Wealth LLC acquired a new stake in shares of CSX during the third quarter worth about $31,000. Addison Advisors LLC boosted its stake in shares of CSX by 348.5% during the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock worth $36,000 after buying an additional 812 shares during the period. Fortitude Family Office LLC boosted its stake in shares of CSX by 43.4% during the third quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock worth $38,000 after buying an additional 336 shares during the period. Finally, Synergy Asset Management LLC acquired a new stake in shares of CSX during the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group upgraded shares of 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. Barclays decreased their target price on shares of CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Royal Bank of Canada decreased their target price on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a research note on Friday, January 24th. Benchmark restated a “buy” rating and issued a $38.00 price objective on shares of CSX in a research report on Monday. Finally, TD Cowen reduced their price objective on shares of CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $37.58.

CSX Trading Down 0.4 %

Shares of CSX opened at $32.86 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23. The firm has a 50 day simple moving average of $33.44 and a 200-day simple moving average of $33.94. CSX Co. has a 1-year low of $31.43 and a 1-year high of $40.12. The stock has a market cap of $63.37 billion, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 2.06 and a beta of 1.22.

CSX (NASDAQ:CSX) last issued its quarterly earnings data 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 return on equity of 28.92% and a net margin of 24.77%. Equities analysts forecast that CSX Co. will post 1.83 EPS for the current fiscal 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.