Vontobel Holding Ltd. Buys 199,953 Shares of CSX Co. (NASDAQ:CSX)

Vontobel Holding Ltd. boosted its stake in CSX Co. (NASDAQ:CSXGet Rating) by 52.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 581,912 shares of the transportation company’s stock after acquiring an additional 199,953 shares during the period. Vontobel Holding Ltd.’s holdings in CSX were worth $15,502,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Cetera Advisor Networks LLC boosted its holdings in shares of CSX by 17.1% during the 2nd quarter. Cetera Advisor Networks LLC now owns 136,187 shares of the transportation company’s stock worth $3,958,000 after buying an additional 19,868 shares in the last quarter. Pictet Asset Management SA boosted its holdings in shares of CSX by 67.5% during the 2nd quarter. Pictet Asset Management SA now owns 1,803,489 shares of the transportation company’s stock worth $52,409,000 after buying an additional 726,721 shares in the last quarter. Meridian Wealth Management LLC boosted its holdings in shares of CSX by 6.7% during the 2nd quarter. Meridian Wealth Management LLC now owns 12,673 shares of the transportation company’s stock worth $368,000 after buying an additional 800 shares in the last quarter. Cobblestone Capital Advisors LLC NY boosted its holdings in shares of CSX by 39.0% during the 2nd quarter. Cobblestone Capital Advisors LLC NY now owns 20,688 shares of the transportation company’s stock worth $601,000 after buying an additional 5,808 shares in the last quarter. Finally, Lyell Wealth Management LP boosted its holdings in shares of CSX by 6.6% during the 3rd quarter. Lyell Wealth Management LP now owns 27,955 shares of the transportation company’s stock worth $745,000 after buying an additional 1,742 shares in the last quarter. 72.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CSX has been the topic of a number of research analyst reports. Raymond James increased their price target on CSX from $33.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, January 18th. Morgan Stanley increased their target price on CSX from $23.00 to $24.00 and gave the stock an “underweight” rating in a report on Wednesday, January 11th. Credit Suisse Group cut their target price on CSX from $39.00 to $36.00 in a report on Tuesday, October 11th. Deutsche Bank Aktiengesellschaft increased their target price on CSX from $36.00 to $39.00 in a report on Monday, November 28th. Finally, Benchmark cut their target price on CSX to $32.00 in a report on Thursday, October 13th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $34.38.

CSX Trading Down 0.6 %

Shares of CSX opened at $31.86 on Wednesday. CSX Co. has a twelve month low of $25.80 and a twelve month high of $38.63. The company has a quick ratio of 1.57, a current ratio of 1.72 and a debt-to-equity ratio of 1.39. The stock has a market cap of $66.98 billion, a PE ratio of 17.04, a P/E/G ratio of 1.76 and a beta of 1.24. The business’s 50-day moving average price is $31.70 and its 200-day moving average price is $30.82.

CSX Profile

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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 transports chemicals, agricultural and food products, automotive, minerals, 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.

Further Reading

Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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