Mirae Asset Global Investments Co. Ltd. Has $16.83 Million Holdings in CSX Co. (NASDAQ:CSX)

Mirae Asset Global Investments Co. Ltd. grew its position in CSX Co. (NASDAQ:CSX) by 10.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 518,534 shares of the transportation company’s stock after buying an additional 51,135 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in CSX were worth $16,826,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. State Street Corp boosted its stake in CSX by 0.6% in the 3rd quarter. State Street Corp now owns 82,250,713 shares of the transportation company’s stock worth $2,840,117,000 after purchasing an additional 455,258 shares during the period. Geode Capital Management LLC grew its stake in CSX by 0.5% in the third quarter. Geode Capital Management LLC now owns 40,906,826 shares of the transportation company’s stock valued at $1,407,087,000 after purchasing an additional 190,346 shares in the last quarter. Fisher Asset Management LLC increased its position in CSX by 3.6% in the 3rd quarter. Fisher Asset Management LLC now owns 24,656,931 shares of the transportation company’s stock worth $851,404,000 after purchasing an additional 857,302 shares during the last quarter. FMR LLC raised 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 in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of CSX by 6.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,745,972 shares of the transportation company’s stock valued at $440,118,000 after buying an additional 737,221 shares during the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Trading Up 0.0 %

Shares of CSX stock opened at $32.88 on Thursday. The company has a market cap of $63.41 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 1.90 and a beta of 1.23. CSX Co. has a 1 year low of $31.43 and a 1 year high of $40.12. The company’s fifty day simple moving average is $33.17 and its 200-day simple moving average is $33.87. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX) last posted its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. As a group, sell-side analysts expect that CSX Co. will post 1.88 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CSX. Barclays dropped their price objective on CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Royal Bank of Canada dropped their price target on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research note on Friday, January 24th. Evercore ISI reduced their price objective on shares of CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. BMO Capital Markets lowered their target price on shares of CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. Finally, Benchmark reaffirmed a “buy” rating and issued a $38.00 price target on shares of CSX in a research report on Monday, January 27th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.16.

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.