Empirical Finance LLC Increases Stock Position in CSX Co. (NASDAQ:CSX)

Empirical Finance LLC raised its position in shares of CSX Co. (NASDAQ:CSX – Get Rating) by 18.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,958 shares of the transportation company’s stock after buying an additional 8,636 shares during the quarter. Empirical Finance LLC’s holdings in CSX were worth $1,464,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bornite Capital Management LP purchased a new position in shares of CSX in the 1st quarter worth about $14,980,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of CSX by 6.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,158,544 shares of the transportation company’s stock worth $230,637,000 after purchasing an additional 347,514 shares during the last quarter. Blair William & Co. IL raised its position in shares of CSX by 12.7% in the 1st quarter. Blair William & Co. IL now owns 122,334 shares of the transportation company’s stock worth $4,581,000 after purchasing an additional 13,829 shares during the last quarter. Sei Investments Co. raised its position in shares of CSX by 4.5% in the 1st quarter. Sei Investments Co. now owns 195,872 shares of the transportation company’s stock worth $7,361,000 after purchasing an additional 8,488 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in shares of CSX by 16.8% in the 1st quarter. Cetera Investment Advisers now owns 71,521 shares of the transportation company’s stock worth $2,678,000 after purchasing an additional 10,276 shares during the last quarter. Hedge funds and other institutional investors own 72.91% of the company’s stock.

CSX Stock Down 0.6 %

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

Analyst Ratings Changes

Several research firms have recently issued reports on CSX. Deutsche Bank Aktiengesellschaft lifted their price target on CSX from $36.00 to $39.00 in a research report on Monday, November 28th. Vertical Research raised CSX from a “hold” rating to a “buy” rating in a research report on Friday, October 14th. Wells Fargo & Company lifted their price objective on CSX from $28.00 to $32.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 4th. Susquehanna Bancshares downgraded CSX to a “neutral” rating and reduced their price objective for the stock from $35.00 to $29.00 in a report on Wednesday, September 28th. Finally, StockNews.com downgraded CSX from a “buy” rating to a “hold” rating in a report on Tuesday, December 6th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $34.38.

About CSX

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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.