Atlantic Edge Private Wealth Management LLC Buys 19,581 Shares of CSX Co. (NASDAQ:CSX)

Atlantic Edge Private Wealth Management LLC grew its stake in shares of CSX Co. (NASDAQ:CSX) by 505.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,456 shares of the transportation company’s stock after purchasing an additional 19,581 shares during the period. Atlantic Edge Private Wealth Management LLC’s holdings in CSX were worth $757,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Stonebridge Financial Group LLC purchased a new position in CSX in the fourth quarter worth about $93,000. Essex Financial Services Inc. raised its holdings in CSX by 4.5% in the fourth quarter. Essex Financial Services Inc. now owns 32,083 shares of the transportation company’s stock worth $1,035,000 after buying an additional 1,375 shares during the last quarter. Sapient Capital LLC raised its holdings in CSX by 1.7% in the fourth quarter. Sapient Capital LLC now owns 36,069 shares of the transportation company’s stock worth $1,164,000 after buying an additional 592 shares during the last quarter. Equitable Trust Co. raised its holdings in shares of CSX by 1.9% during the fourth quarter. Equitable Trust Co. now owns 169,809 shares of the transportation company’s stock valued at $5,480,000 after purchasing an additional 3,132 shares during the last quarter. Finally, Soltis Investment Advisors LLC purchased a new position in shares of CSX during the fourth quarter valued at approximately $205,000. Institutional investors own 73.57% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. BMO Capital Markets decreased their price objective on shares of CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, January 24th. Benchmark reissued a “buy” rating and set a $38.00 price objective on shares of CSX in a report on Monday, January 27th. Evercore ISI cut their target price on shares of CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Royal Bank of Canada cut their target price on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a research report on Friday, January 24th. Finally, Stephens restated an “overweight” rating and set a $38.00 target price on shares of CSX in a research report on Friday, January 24th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.16.

CSX Trading Up 1.5 %

Shares of CSX opened at $33.08 on Tuesday. CSX Co. has a 1-year low of $31.43 and a 1-year high of $40.12. The company has a 50-day moving average of $32.94 and a 200 day moving average of $33.85. The firm has a market capitalization of $63.79 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 1.91 and a beta of 1.23. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. On average, research analysts expect that CSX Co. will post 1.86 EPS 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.