Bourgeon Capital Management LLC Has $10.59 Million Holdings in CSX Co. (NASDAQ:CSX)

Bourgeon Capital Management LLC grew its position in CSX Co. (NASDAQ:CSX) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 328,024 shares of the transportation company’s stock after purchasing an additional 5,297 shares during the quarter. CSX comprises approximately 2.0% of Bourgeon Capital Management LLC’s investment portfolio, making the stock its 19th biggest position. Bourgeon Capital Management LLC’s holdings in CSX were worth $10,585,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. State Street Corp boosted its stake in shares of CSX by 0.6% in the third quarter. State Street Corp now owns 82,250,713 shares of the transportation company’s stock valued at $2,840,117,000 after buying an additional 455,258 shares during the period. Geode Capital Management LLC raised its holdings in CSX by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 40,906,826 shares of the transportation company’s stock valued at $1,407,087,000 after acquiring an additional 190,346 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of CSX by 3.6% during the 3rd quarter. Fisher Asset Management LLC now owns 24,656,931 shares of the transportation company’s stock valued at $851,404,000 after acquiring an additional 857,302 shares during the period. FMR LLC lifted its position in shares of CSX by 10.2% during the 3rd 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. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of CSX by 6.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,745,972 shares of the transportation company’s stock worth $440,118,000 after purchasing an additional 737,221 shares during the period. Institutional investors own 73.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Stephens cut their price objective on CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Loop Capital dropped their target price on shares of CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Jefferies Financial Group upgraded CSX from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Friday, January 10th. Barclays dropped their price target on shares of CSX from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, Susquehanna lowered their target price on shares of CSX from $40.00 to $39.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $38.65.

CSX Price Performance

Shares of NASDAQ:CSX opened at $33.27 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43. The company has a 50-day moving average price of $33.74 and a 200 day moving average price of $33.95. CSX Co. has a 52 week low of $31.43 and a 52 week high of $40.12. The company has a market cap of $64.16 billion, a P/E ratio of 17.89, a PEG ratio of 2.02 and a beta of 1.22.

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.