Versant Capital Management Inc Has $98,000 Stock Holdings in CSX Co. (NASDAQ:CSX)

Versant Capital Management Inc raised its stake in CSX Co. (NASDAQ:CSX) by 99.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,028 shares of the transportation company’s stock after buying an additional 1,507 shares during the period. Versant Capital Management Inc’s holdings in CSX were worth $98,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Itau Unibanco Holding S.A. bought a new position in CSX in the 2nd quarter valued at approximately $26,000. Valley Wealth Managers Inc. increased its position in CSX by 177.8% in the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 480 shares during the period. Morton Brown Family Wealth LLC bought a new position in shares of CSX during the third quarter valued at $31,000. Fairscale Capital LLC acquired a new position in shares of CSX during the second quarter worth $32,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of CSX in the second quarter worth $33,000. Institutional investors own 73.57% of the company’s stock.

CSX Stock Up 0.6 %

CSX opened at $32.34 on Friday. CSX Co. has a fifty-two week low of $31.43 and a fifty-two week 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. The company’s 50-day moving average is $34.23 and its 200 day moving average is $34.02. The firm has a market capitalization of $62.37 billion, a P/E ratio of 17.39, a PEG ratio of 2.24 and a beta of 1.22.

CSX (NASDAQ:CSX) last posted its earnings results on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.68 billion. CSX had a return on equity of 28.92% and a net margin of 24.77%. CSX’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.42 EPS. Research analysts expect that CSX Co. will post 1.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CSX shares. Susquehanna lowered their price objective on CSX from $42.00 to $40.00 and set a “positive” rating for the company in a research report on Thursday, October 17th. Royal Bank of Canada dropped their price target on shares of CSX from $36.00 to $35.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 17th. Barclays increased their price objective on shares of CSX from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. BMO Capital Markets dropped their target price on shares of CSX from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Finally, Evercore ISI decreased their price target on CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $38.78.

CSX Company 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.