Gilbert & Cook Inc. Increases Holdings in CSX Co. (NASDAQ:CSX)

Gilbert & Cook Inc. lifted its position in CSX Co. (NASDAQ:CSX) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 17,871 shares of the transportation company’s stock after buying an additional 385 shares during the period. Gilbert & Cook Inc.’s holdings in CSX were worth $577,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CSX. Crews Bank & Trust purchased a new stake in CSX in the fourth quarter valued at approximately $368,000. Capital Investment Advisory Services LLC boosted its holdings in shares of CSX by 8.7% during the 4th quarter. Capital Investment Advisory Services LLC now owns 16,497 shares of the transportation company’s stock worth $532,000 after purchasing an additional 1,316 shares during the last quarter. OLD National Bancorp IN grew its holdings in shares of CSX by 1.2% in the fourth quarter. OLD National Bancorp IN now owns 95,943 shares of the transportation company’s stock valued at $3,096,000 after purchasing an additional 1,091 shares during the period. Synergy Asset Management LLC acquired a new stake in CSX during the fourth quarter worth $41,000. Finally, New England Research & Management Inc. raised its stake in shares of CSX by 1.2% in the 4th quarter. New England Research & Management Inc. now owns 112,010 shares of the transportation company’s stock valued at $3,615,000 after acquiring an additional 1,304 shares during the period. Institutional investors own 73.57% of the company’s stock.

CSX Price Performance

Shares of CSX traded up $0.01 on Thursday, hitting $32.99. The company’s stock had a trading volume of 468,103 shares, compared to its average volume of 14,948,207. CSX Co. has a fifty-two week low of $31.43 and a fifty-two week high of $40.12. The company has a 50 day moving average price of $33.44 and a 200 day moving average price of $33.94. The company has a market capitalization of $63.62 billion, a PE ratio of 17.77, a PEG ratio of 2.06 and a beta of 1.22. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. On average, research analysts anticipate that CSX Co. will post 1.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. TD Cowen lowered their target price on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. Royal Bank of Canada reduced their price objective on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a report on Friday, January 24th. Loop Capital lowered their target price on shares of CSX from $43.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Stephens reaffirmed an “overweight” rating and set a $38.00 price target on shares of CSX in a report on Friday, January 24th. Finally, Jefferies Financial Group raised 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 research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, CSX presently has an average rating of “Moderate Buy” and a consensus price target 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.