Marshall Financial Group LLC Acquires New Position in CSX Co. (NASDAQ:CSX)

Marshall Financial Group LLC acquired a new stake in shares of CSX Co. (NASDAQ:CSX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 33,601 shares of the transportation company’s stock, valued at approximately $1,084,000.

A number of other large investors also recently bought and sold shares of CSX. Mirae Asset Global Investments Co. Ltd. raised its stake in CSX by 20.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 467,399 shares of the transportation company’s stock worth $16,139,000 after acquiring an additional 80,423 shares during the period. Diversified Trust Co raised its position in shares of CSX by 180.7% during the 4th quarter. Diversified Trust Co now owns 72,197 shares of the transportation company’s stock worth $2,330,000 after purchasing an additional 46,473 shares during the period. Thrivent Financial for Lutherans raised its position in shares of CSX by 0.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 3,374,499 shares of the transportation company’s stock worth $116,521,000 after purchasing an additional 24,430 shares during the period. Carnegie Investment Counsel boosted its position in CSX by 1.4% during the 4th quarter. Carnegie Investment Counsel now owns 612,051 shares of the transportation company’s stock valued at $19,751,000 after purchasing an additional 8,474 shares during the period. Finally, Principal Financial Group Inc. grew its stake in CSX by 3.4% during the 3rd quarter. Principal Financial Group Inc. now owns 2,348,543 shares of the transportation company’s stock worth $81,095,000 after buying an additional 77,488 shares during the last quarter. Institutional investors own 73.57% of the company’s stock.

CSX Stock Performance

Shares of CSX opened at $32.69 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’s 50 day moving average is $33.53 and its 200-day moving average is $33.94. CSX Co. has a 12-month low of $31.43 and a 12-month high of $40.12. The stock has a market capitalization of $63.04 billion, a P/E ratio of 17.58, a P/E/G ratio of 2.06 and a beta of 1.22.

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 28.92% and a net margin of 24.77%. Equities research analysts anticipate that CSX Co. will post 1.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Susquehanna cut their target price on CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada reduced 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. Barclays dropped their price target on shares of CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Friday. Citigroup reduced their price objective on CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Friday. Finally, Jefferies Financial Group upgraded CSX from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Friday, January 10th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $37.68.

CSX 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.