Childress Capital Advisors LLC Buys 746 Shares of CSX Co. (NASDAQ:CSX)

Childress Capital Advisors LLC increased its stake in shares of CSX Co. (NASDAQ:CSX) by 11.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,488 shares of the transportation company’s stock after buying an additional 746 shares during the quarter. Childress Capital Advisors LLC’s holdings in CSX were worth $242,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Perpetual Ltd bought a new position in CSX in the 4th quarter valued at $83,301,000. Assenagon Asset Management S.A. raised its position in CSX by 318.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,270,966 shares of the transportation company’s stock valued at $112,946,000 after purchasing an additional 2,489,329 shares during the last quarter. FMR LLC raised its position in shares of CSX by 10.2% during the third quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock worth $539,112,000 after acquiring an additional 1,447,651 shares during the last quarter. KBC Group NV raised its position in shares of CSX by 616.4% during the fourth quarter. KBC Group NV now owns 1,114,542 shares of the transportation company’s stock worth $35,966,000 after acquiring an additional 958,957 shares during the last quarter. Finally, Svenska Handelsbanken AB publ bought a new stake in shares of CSX during the third quarter worth $31,018,000. Institutional investors own 73.57% of the company’s stock.

CSX Stock Up 1.1 %

NASDAQ:CSX opened at $32.87 on Wednesday. CSX Co. has a 1 year low of $31.43 and a 1 year high of $40.12. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The stock has a market cap of $63.39 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 1.90 and a beta of 1.23. The stock has a 50-day moving average price of $33.25 and a two-hundred day moving average price of $33.89.

CSX (NASDAQ:CSX) last posted 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 return on equity of 28.15% and a net margin of 23.95%. As a group, equities analysts expect that CSX Co. will post 1.88 earnings per share for the current year.

Analysts Set New Price Targets

CSX has been the subject of a number of recent research reports. TD Cowen dropped their target price on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. Benchmark restated a “buy” rating and set a $38.00 target price on shares of CSX in a research report on Monday, January 27th. Susquehanna dropped their target price on CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. dropped their target price on CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Finally, Robert W. Baird dropped their target price on CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, January 24th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, CSX presently has an average rating of “Moderate Buy” and an average target price 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.