Farmers & Merchants Investments Inc. Has $1.57 Million Stock Holdings in CSX Co. (NASDAQ:CSX)

Farmers & Merchants Investments Inc. lowered its holdings in shares of CSX Co. (NASDAQ:CSX) by 2.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,535 shares of the transportation company’s stock after selling 1,000 shares during the period. Farmers & Merchants Investments Inc.’s holdings in CSX were worth $1,566,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Perpetual Ltd bought a new position in shares of CSX during the 4th quarter worth about $83,301,000. Assenagon Asset Management S.A. boosted its holdings in CSX by 318.5% in the third quarter. Assenagon Asset Management S.A. now owns 3,270,966 shares of the transportation company’s stock worth $112,946,000 after acquiring an additional 2,489,329 shares in the last quarter. FMR LLC grew its stake in 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 acquiring an additional 1,447,651 shares during the period. KBC Group NV increased its holdings in shares of CSX by 616.4% during the fourth quarter. KBC Group NV now owns 1,114,542 shares of the transportation company’s stock valued at $35,966,000 after acquiring an additional 958,957 shares in the last quarter. Finally, Svenska Handelsbanken AB publ bought a new position in shares of CSX in the 3rd quarter worth $31,018,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on CSX. Stifel Nicolaus lowered their price objective on shares of CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Barclays dropped their price target on shares of CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. TD Cowen decreased their price objective on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a report on Thursday, October 17th. Citigroup dropped their target price on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Finally, Benchmark reiterated a “buy” rating and set a $38.00 price target on shares of CSX in a report on Monday, January 27th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.16.

CSX Stock Down 0.5 %

CSX stock opened at $32.59 on Friday. The company’s 50 day moving average is $32.94 and its 200 day moving average is $33.84. The stock has a market cap of $62.85 billion, a price-to-earnings ratio of 18.21, a price-to-earnings-growth ratio of 1.91 and a beta of 1.23. CSX Co. has a 1-year low of $31.43 and a 1-year high of $40.12. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. Sell-side analysts predict that CSX Co. will post 1.86 EPS for the current fiscal year.

CSX 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.