Astoria Portfolio Advisors LLC. Increases Stock Holdings in CSX Co. (NASDAQ:CSX)

Astoria Portfolio Advisors LLC. lifted its stake in shares of CSX Co. (NASDAQ:CSX) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,885 shares of the transportation company’s stock after purchasing an additional 765 shares during the quarter. Astoria Portfolio Advisors LLC.’s holdings in CSX were worth $543,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Ameritas Advisory Services LLC raised its holdings in CSX by 88.5% during the fourth quarter. Ameritas Advisory Services LLC now owns 11,250 shares of the transportation company’s stock worth $363,000 after purchasing an additional 5,281 shares in the last quarter. HB Wealth Management LLC boosted its holdings in CSX by 15.8% in the 4th quarter. HB Wealth Management LLC now owns 71,186 shares of the transportation company’s stock valued at $2,297,000 after purchasing an additional 9,721 shares in the last quarter. Trust Co. of Vermont increased its position in CSX by 1.8% during the 4th quarter. Trust Co. of Vermont now owns 71,489 shares of the transportation company’s stock worth $2,307,000 after purchasing an additional 1,245 shares during the period. Sanibel Captiva Trust Company Inc. raised its stake in shares of CSX by 6.1% during the 4th quarter. Sanibel Captiva Trust Company Inc. now owns 46,518 shares of the transportation company’s stock worth $1,501,000 after buying an additional 2,687 shares in the last quarter. Finally, Alhambra Investment Management LLC lifted its holdings in shares of CSX by 4.3% in the 4th quarter. Alhambra Investment Management LLC now owns 8,292 shares of the transportation company’s stock valued at $268,000 after buying an additional 342 shares during the period. 73.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CSX has been the topic of a number of recent analyst reports. Jefferies Financial Group raised CSX from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Friday, January 10th. Royal Bank of Canada lowered 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 note on Thursday, October 17th. Wells Fargo & Company reduced their price objective on shares of CSX from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Thursday, October 17th. Stephens lowered their target price on shares of CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Finally, TD Cowen reduced their price target on shares of CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.65.

CSX Trading Down 0.7 %

Shares of CSX stock opened at $32.73 on Friday. CSX Co. has a 1-year low of $31.43 and a 1-year high of $40.12. The firm’s 50-day simple moving average is $33.82 and its 200-day simple moving average is $33.95. The firm has a market cap of $63.12 billion, a P/E ratio of 17.60, a PEG ratio of 1.93 and a beta of 1.22. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.02). The company had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.68 billion. CSX had a net margin of 24.77% and a return on equity of 28.92%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.42 earnings per share. As a group, equities analysts forecast that CSX Co. will post 1.83 EPS for the current 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.