Sumitomo Life Insurance Co. lifted its holdings in CSX Co. (NASDAQ:CSX) by 6.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,201 shares of the transportation company’s stock after buying an additional 2,091 shares during the period. Sumitomo Life Insurance Co.’s holdings in CSX were worth $2,692,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of CSX. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in CSX by 88.5% during the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 426 shares of the transportation company’s stock worth $29,000 after purchasing an additional 200 shares during the period. Evoke Wealth LLC purchased a new position in CSX during the third quarter worth about $32,000. Princeton Global Asset Management LLC purchased a new position in CSX during the third quarter worth about $35,000. Stonebridge Capital Advisors LLC purchased a new position in CSX during the second quarter worth about $40,000. Finally, Asset Dedication LLC purchased a new position in CSX during the third quarter worth about $42,000. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CSX stock traded down $0.25 during trading on Friday, reaching $76.24. The company’s stock had a trading volume of 141,449 shares, compared to its average volume of 3,433,727. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.52 and a quick ratio of 1.33. The company has a market capitalization of $60.17 billion, a price-to-earnings ratio of 18.31, a P/E/G ratio of 1.38 and a beta of 1.21. The stock’s 50-day moving average price is $73.21 and its 200 day moving average price is $70.67. CSX Co. has a 1-year low of $63.97 and a 1-year high of $80.73.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Thursday, January 16th. The transportation company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02. The firm had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.94 billion. CSX had a net margin of 27.91% and a return on equity of 27.49%. The business’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.01 earnings per share. On average, sell-side analysts anticipate that CSX Co. will post 4.2 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on the stock. TD Securities boosted their price target on shares of CSX from $76.00 to $78.00 and gave the company a “hold” rating in a research note on Friday, January 17th. Morgan Stanley reduced their price target on shares of CSX from $55.00 to $52.00 and set an “underweight” rating on the stock in a research note on Monday, January 6th. Benchmark assumed coverage on shares of CSX in a research note on Tuesday. They issued a “hold” rating on the stock. Wells Fargo & Co assumed coverage on shares of CSX in a research note on Monday, October 28th. They issued a “market perform” rating and a $73.00 price target on the stock. Finally, Citigroup downgraded shares of CSX from a “buy” rating to a “neutral” rating and reduced their price target for the company from $80.00 to $75.00 in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have issued a buy rating to the stock. CSX has an average rating of “Hold” and a consensus target price of $78.14.

CSX Company Profile

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services, as well as transports intermodal containers and trailers. It transports chemicals, automotive, agricultural and food products, minerals, fertilizers, forest products, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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