China Universal Asset Management Co. Ltd. Buys 6,792 Shares of CSX Co. (NASDAQ:CSX)

China Universal Asset Management Co. Ltd. increased its stake in shares of CSX Co. (NASDAQ:CSX) by 27.6% during the fourth quarter, HoldingsChannel reports. The fund owned 31,383 shares of the transportation company’s stock after buying an additional 6,792 shares during the period. China Universal Asset Management Co. Ltd.’s holdings in CSX were worth $1,013,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of CSX by 20.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 467,399 shares of the transportation company’s stock valued at $16,139,000 after purchasing an additional 80,423 shares in the last quarter. Diversified Trust Co lifted its stake in CSX by 180.7% in the 4th quarter. Diversified Trust Co now owns 72,197 shares of the transportation company’s stock valued at $2,330,000 after acquiring an additional 46,473 shares in the last quarter. Marshall Financial Group LLC bought a new position in shares of CSX during the 4th quarter worth approximately $1,084,000. Thrivent Financial for Lutherans lifted its position in shares of CSX by 0.7% in the third 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 in the last quarter. Finally, Carnegie Investment Counsel boosted its holdings in CSX by 1.4% during the fourth quarter. Carnegie Investment Counsel now owns 612,051 shares of the transportation company’s stock worth $19,751,000 after purchasing an additional 8,474 shares during the last quarter. 73.57% of the stock is owned by institutional investors.

CSX Stock Performance

CSX opened at $32.87 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. The company has a market capitalization of $63.39 billion, a PE ratio of 18.36, a price-to-earnings-growth ratio of 1.90 and a beta of 1.22. The business has a fifty day simple moving average of $33.33 and a 200 day simple moving average of $33.92. CSX Co. has a 1 year low of $31.43 and a 1 year high of $40.12.

CSX (NASDAQ:CSX) last released its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 EPS 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%. Research analysts expect that CSX Co. will post 1.88 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on CSX shares. Raymond James reissued an “outperform” rating and set a $37.00 price target (down from $38.00) on shares of CSX in a research report on Friday, January 24th. Barclays reduced their price target on CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. TD Cowen lowered their price target on CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. Evercore ISI dropped their price objective on CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Finally, Stifel Nicolaus decreased their target price on shares of CSX from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $37.58.

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.