CSX Co. (NASDAQ:CSX) Position Increased by Angeles Wealth Management LLC

Angeles Wealth Management LLC increased its stake in shares of CSX Co. (NASDAQ:CSX) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,453 shares of the transportation company’s stock after buying an additional 464 shares during the quarter. Angeles Wealth Management LLC’s holdings in CSX were worth $305,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CSX. CWM LLC lifted its holdings in shares of CSX by 1.0% in the third quarter. CWM LLC now owns 98,249 shares of the transportation company’s stock valued at $3,393,000 after buying an additional 982 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of CSX by 389.7% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 21,805 shares of the transportation company’s stock worth $753,000 after buying an additional 17,352 shares during the period. Exchange Traded Concepts LLC grew its position in CSX by 255.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 7,505 shares of the transportation company’s stock worth $259,000 after purchasing an additional 5,396 shares in the last quarter. CHICAGO TRUST Co NA raised its position in CSX by 2.6% during the third quarter. CHICAGO TRUST Co NA now owns 20,718 shares of the transportation company’s stock valued at $715,000 after buying an additional 532 shares during the period. Finally, Koshinski Asset Management Inc. increased its holdings in shares of CSX by 2.3% in the 3rd quarter. Koshinski Asset Management Inc. now owns 15,000 shares of the transportation company’s stock valued at $518,000 after purchasing an additional 331 shares during the period. 73.57% of the stock is owned by institutional investors and hedge funds.

CSX Trading Up 1.5 %

Shares of NASDAQ:CSX opened at $33.08 on Tuesday. The firm has a market cap of $63.79 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 1.91 and a beta of 1.23. CSX Co. has a 12 month low of $31.43 and a 12 month high of $40.12. The company’s fifty day simple moving average is $32.94 and its 200 day simple moving average is $33.85. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX) last released its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. As a group, research analysts forecast that CSX Co. will post 1.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus cut their price target on CSX from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Barclays cut their price objective on CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. 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. JPMorgan Chase & Co. lowered their price objective on shares of CSX from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Finally, Benchmark restated a “buy” rating and set a $38.00 price target on shares of CSX in a research note on Monday, January 27th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.16.

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.