D.B. Root & Company LLC Acquires 1,780 Shares of CSX Co. (NASDAQ:CSX)

D.B. Root & Company LLC raised its stake in shares of CSX Co. (NASDAQ:CSX) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,522 shares of the transportation company’s stock after buying an additional 1,780 shares during the quarter. D.B. Root & Company LLC’s holdings in CSX were worth $1,663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. State Street Corp boosted its stake in CSX by 0.6% during the third quarter. State Street Corp now owns 82,250,713 shares of the transportation company’s stock valued at $2,840,117,000 after buying an additional 455,258 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of CSX by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 40,906,826 shares of the transportation company’s stock worth $1,407,087,000 after acquiring an additional 190,346 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of CSX by 3.6% during the 3rd quarter. Fisher Asset Management LLC now owns 24,656,931 shares of the transportation company’s stock valued at $851,404,000 after acquiring an additional 857,302 shares during the last quarter. FMR LLC grew its holdings in shares of CSX by 10.2% in the third quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock valued at $539,112,000 after purchasing an additional 1,447,651 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in CSX by 6.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,745,972 shares of the transportation company’s stock worth $440,118,000 after purchasing an additional 737,221 shares during the last quarter. Institutional investors own 73.57% of the company’s stock.

CSX Stock Down 0.1 %

Shares of CSX opened at $33.24 on Thursday. The firm has a market capitalization of $64.10 billion, a P/E ratio of 17.87, a P/E/G ratio of 2.05 and a beta of 1.22. CSX Co. has a 12-month low of $31.43 and a 12-month high of $40.12. The firm has a fifty day moving average price of $33.62 and a 200-day moving average price of $33.95. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43.

Wall Street Analyst Weigh In

A number of brokerages have commented on CSX. BMO Capital Markets dropped their price objective on shares of CSX from $40.00 to $39.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Jefferies Financial Group upgraded CSX from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Friday, January 10th. Evercore ISI reduced 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. Loop Capital lowered their price objective on CSX from $43.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Finally, Susquehanna cut their target price on CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, CSX presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.65.

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.