Caprock Group LLC Has $1.14 Million Stock Position in CSX Co. (NASDAQ:CSX)

Caprock Group LLC lowered its holdings in CSX Co. (NASDAQ:CSX) by 3.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 35,423 shares of the transportation company’s stock after selling 1,137 shares during the quarter. Caprock Group LLC’s holdings in CSX were worth $1,143,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. increased 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 valued at $16,139,000 after acquiring an additional 80,423 shares during the period. Diversified Trust Co lifted its position in CSX by 180.7% in the fourth 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. Marshall Financial Group LLC acquired a new stake in CSX during the fourth quarter worth $1,084,000. Thrivent Financial for Lutherans increased its holdings in CSX by 0.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 3,374,499 shares of the transportation company’s stock valued at $116,521,000 after buying an additional 24,430 shares during the period. Finally, Carnegie Investment Counsel lifted its holdings in shares of CSX by 1.4% during the 4th quarter. Carnegie Investment Counsel now owns 612,051 shares of the transportation company’s stock worth $19,751,000 after acquiring an additional 8,474 shares during the period. 73.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on CSX shares. Stifel Nicolaus cut their price target 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. Benchmark reissued a “buy” rating and set a $38.00 price objective on shares of CSX in a report on Monday, January 27th. Raymond James reiterated an “outperform” rating and set a $37.00 target price (down previously from $38.00) on shares of CSX in a research report on Friday, January 24th. Royal Bank of Canada decreased their price objective 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. Finally, Stephens reissued an “overweight” rating and issued a $38.00 target price on shares of CSX in a report on Friday, January 24th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $37.58.

CSX Stock Performance

Shares of NASDAQ CSX opened at $32.87 on Monday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. The stock has a 50 day moving average price of $33.33 and a 200 day moving average price of $33.91. The stock 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. CSX Co. has a 52 week low of $31.43 and a 52 week high of $40.12.

CSX (NASDAQ:CSX) last released its quarterly earnings data 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%. Analysts predict that CSX Co. will post 1.88 earnings per share for the current fiscal year.

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.