Fifth Third Bancorp Has $9.36 Million Stake in CSX Co. (NASDAQ:CSX)

Fifth Third Bancorp lowered its holdings in shares of CSX Co. (NASDAQ:CSX) by 6.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 289,921 shares of the transportation company’s stock after selling 20,818 shares during the period. Fifth Third Bancorp’s holdings in CSX were worth $9,356,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CSX. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of CSX by 20.8% in the 3rd 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 holdings in CSX by 180.7% during the 4th quarter. Diversified Trust Co now owns 72,197 shares of the transportation company’s stock valued at $2,330,000 after purchasing an additional 46,473 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in CSX by 0.7% in the third 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 in the last quarter. Carnegie Investment Counsel grew its stake 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 buying an additional 8,474 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of CSX by 3.4% during the third quarter. Principal Financial Group Inc. now owns 2,348,543 shares of the transportation company’s stock worth $81,095,000 after buying an additional 77,488 shares in the last quarter. Institutional investors own 73.57% of the company’s stock.

CSX Price Performance

CSX stock opened at $32.69 on Monday. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $63.04 billion, a P/E ratio of 17.58, a PEG ratio of 2.06 and a beta of 1.22. The business has a 50-day moving average of $33.53 and a 200-day moving average of $33.95. CSX Co. has a 1 year low of $31.43 and a 1 year high of $40.12.

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CSX. Citigroup reduced their target price on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Friday. Jefferies Financial Group upgraded CSX from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Friday, January 10th. Loop Capital cut their price target on CSX from $43.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Robert W. Baird reduced their price target on shares of CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Barclays lowered their price objective on shares of CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Friday. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.68.

CSX Company Profile

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.