KBC Group NV Boosts Holdings in CSX Co. (NASDAQ:CSX)

KBC Group NV raised its stake in shares of CSX Co. (NASDAQ:CSX) by 616.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,114,542 shares of the transportation company’s stock after buying an additional 958,957 shares during the period. KBC Group NV owned about 0.06% of CSX worth $35,966,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. raised its position in CSX by 20.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 467,399 shares of the transportation company’s stock valued at $16,139,000 after acquiring an additional 80,423 shares in the last quarter. Diversified Trust Co grew its stake in shares of CSX by 180.7% during the 4th quarter. Diversified Trust Co now owns 72,197 shares of the transportation company’s stock worth $2,330,000 after purchasing an additional 46,473 shares during the period. Thrivent Financial for Lutherans increased its holdings in shares of CSX by 0.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 3,374,499 shares of the transportation company’s stock valued at $116,521,000 after purchasing an additional 24,430 shares in the last quarter. Marshall Financial Group LLC acquired a new position in shares of CSX in the 4th quarter valued at $1,084,000. Finally, Carnegie Investment Counsel boosted its holdings 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 in the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Trading Up 2.9 %

CSX opened at $33.64 on Tuesday. The firm has a market capitalization of $64.87 billion, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 2.06 and a beta of 1.22. The company’s 50 day simple moving average is $33.53 and its two-hundred day simple moving average is $33.96. CSX Co. has a 1-year low of $31.43 and a 1-year high of $40.12. 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%. Analysts expect that CSX Co. will post 1.83 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on CSX. Benchmark reaffirmed a “buy” rating and issued a $38.00 price objective on shares of CSX in a report on Monday. Wells Fargo & Company reduced their price target on CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday. Stifel Nicolaus dropped their price objective on CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Barclays reduced their target price on CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Jefferies Financial Group raised shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Friday, January 10th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, 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.