Fox Run Management L.L.C. Purchases New Holdings in CSX Co. (CSX)

Fox Run Management L.L.C. purchased a new stake in CSX Co. (NASDAQ:CSX) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 10,901 shares of the transportation company’s stock, valued at approximately $600,000.

Other large investors have also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. lifted its holdings in shares of CSX by 0.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,179,120 shares of the transportation company’s stock worth $174,884,000 after acquiring an additional 12,684 shares during the last quarter. Coastline Trust Co lifted its holdings in shares of CSX by 21.8% during the 4th quarter. Coastline Trust Co now owns 30,710 shares of the transportation company’s stock worth $1,689,000 after acquiring an additional 5,500 shares during the last quarter. DAVENPORT & Co LLC lifted its holdings in shares of CSX by 35.5% during the 4th quarter. DAVENPORT & Co LLC now owns 95,027 shares of the transportation company’s stock worth $5,227,000 after acquiring an additional 24,901 shares during the last quarter. Spirit of America Management Corp NY lifted its holdings in shares of CSX by 10.3% during the 4th quarter. Spirit of America Management Corp NY now owns 20,400 shares of the transportation company’s stock worth $1,122,000 after acquiring an additional 1,900 shares during the last quarter. Finally, Koshinski Asset Management Inc. lifted its holdings in shares of CSX by 36.1% during the 4th quarter. Koshinski Asset Management Inc. now owns 16,762 shares of the transportation company’s stock worth $922,000 after acquiring an additional 4,442 shares during the last quarter. 70.03% of the stock is owned by hedge funds and other institutional investors.

In other CSX news, Director Gary Keith Anderson purchased 5,000 shares of the stock in a transaction on Friday, November 24th. The stock was acquired at an average cost of $2,300.00 per share, with a total value of $11,500,000.00. Insiders own 4.79% of the company’s stock.

CSX has been the subject of a number of research analyst reports. UBS Group set a $68.00 price objective on shares of CSX and gave the stock a “buy” rating in a report on Monday, October 16th. Aegis reaffirmed a “buy” rating and set a $64.00 price objective on shares of CSX in a report on Tuesday, October 10th. Barclays reaffirmed a “buy” rating and set a $68.00 price objective on shares of CSX in a report on Wednesday, December 13th. Scotiabank set a $55.00 price objective on shares of CSX and gave the stock a “buy” rating in a report on Friday, December 15th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $59.00 price objective on shares of CSX in a report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $60.38.

Shares of CSX Co. (NASDAQ CSX) opened at $57.49 on Monday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.01 and a quick ratio of 0.86. The firm has a market cap of $51,380.14, a price-to-earnings ratio of 9.47, a price-to-earnings-growth ratio of 1.41 and a beta of 1.35. CSX Co. has a one year low of $42.88 and a one year high of $60.04.

CSX (NASDAQ:CSX) last posted its quarterly earnings results on Tuesday, January 16th. The transportation company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.08. The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.89 billion. CSX had a net margin of 47.96% and a return on equity of 17.16%. The firm’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 earnings per share. equities analysts anticipate that CSX Co. will post 3.07 EPS for the current fiscal year.

CSX declared that its board has initiated a share repurchase plan on Wednesday, October 25th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the transportation company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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CSX Company Profile

CSX Corporation is a transportation company. The Company provides rail-based freight transportation services, including traditional rail service and transport of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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