InvesTrust Takes $579,000 Position in CSX Co. (NASDAQ:CSX)

InvesTrust bought a new stake in CSX Co. (NASDAQ:CSX) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 18,003 shares of the transportation company’s stock, valued at approximately $579,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Itau Unibanco Holding S.A. acquired a new stake in CSX in the second quarter valued at $26,000. Valley Wealth Managers Inc. lifted its position in shares of CSX by 177.8% during 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 purchased a new stake in shares of CSX during the 3rd quarter worth approximately $31,000. Fairscale Capital LLC acquired a new stake in shares of CSX in the 2nd quarter worth approximately $32,000. Finally, Strategic Financial Concepts LLC purchased a new position in CSX in the 2nd quarter valued at approximately $33,000. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CSX shares. Susquehanna lowered their price target on shares of CSX from $42.00 to $40.00 and set a “positive” rating on the stock in a research report on Thursday, October 17th. Evercore ISI reduced their price objective on CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Stifel Nicolaus cut their target price on shares of CSX from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Barclays raised their target price 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. Finally, TD Cowen reduced their price target on CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $38.78.

CSX Stock Performance

Shares of CSX traded up $0.01 during mid-day trading on Wednesday, hitting $32.20. The stock had a trading volume of 4,668,200 shares, compared to its average volume of 12,471,261. 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 market cap of $62.10 billion, a PE ratio of 17.31, a PEG ratio of 2.24 and a beta of 1.22. CSX Co. has a fifty-two week low of $31.43 and a fifty-two week high of $40.12. The company’s fifty day simple moving average is $34.18 and its two-hundred day simple moving average is $34.02.

CSX (NASDAQ:CSX) last issued its earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). The business had revenue of $3.62 billion during 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%. The business’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.42 EPS. On average, equities analysts expect that CSX Co. will post 1.84 earnings per share for the current year.

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.