Tokio Marine Asset Management Co. Ltd. Boosts Stake in CSX Co. (NASDAQ:CSX)

Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of CSX Co. (NASDAQ:CSX) by 4.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 51,667 shares of the transportation company’s stock after purchasing an additional 2,361 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in CSX were worth $1,667,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Costello Asset Management INC grew its holdings in CSX by 5.9% in the 4th quarter. Costello Asset Management INC now owns 120,669 shares of the transportation company’s stock worth $3,894,000 after acquiring an additional 6,710 shares during the last quarter. KG&L Capital Management LLC bought a new stake in CSX in the 4th quarter worth $729,000. China Universal Asset Management Co. Ltd. grew its holdings in CSX by 27.6% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 31,383 shares of the transportation company’s stock worth $1,013,000 after acquiring an additional 6,792 shares during the last quarter. Chicago Partners Investment Group LLC grew its holdings in CSX by 11.3% in the 4th quarter. Chicago Partners Investment Group LLC now owns 12,307 shares of the transportation company’s stock worth $396,000 after acquiring an additional 1,247 shares during the last quarter. Finally, Ausbil Investment Management Ltd bought a new stake in CSX in the 4th quarter worth $4,859,000. Institutional investors own 73.57% of the company’s stock.

CSX Stock Down 1.1 %

CSX opened at $32.51 on Tuesday. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. The firm has a 50 day moving average price of $33.33 and a 200-day moving average price of $33.90. CSX Co. has a twelve month low of $31.43 and a twelve month high of $40.12. The stock has a market capitalization of $62.69 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 1.90 and a beta of 1.23.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing the consensus estimate 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 forecast that CSX Co. will post 1.88 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Robert W. Baird cut their price target on shares of CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, January 24th. Barclays cut their target price on shares of CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. TD Cowen cut their target price 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. Jefferies Financial Group raised shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research note on Friday, January 10th. Finally, Stephens reaffirmed an “overweight” rating and set a $38.00 target price on shares of CSX in a research note on Friday, January 24th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $37.16.

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.