KG&L Capital Management LLC Takes Position in CSX Co. (NASDAQ:CSX)

KG&L Capital Management LLC bought a new position in CSX Co. (NASDAQ:CSX) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 22,595 shares of the transportation company’s stock, valued at approximately $729,000.

Other hedge funds have also modified their holdings of the company. Cetera Investment Advisers grew its holdings in shares of CSX by 6.1% during the 2nd quarter. Cetera Investment Advisers now owns 383,749 shares of the transportation company’s stock valued at $12,836,000 after acquiring an additional 22,081 shares in the last quarter. Clearbridge Investments LLC grew its stake in CSX by 1.0% in the second quarter. Clearbridge Investments LLC now owns 66,709 shares of the transportation company’s stock valued at $2,231,000 after purchasing an additional 683 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in CSX in the 2nd quarter worth about $5,109,000. Czech National Bank raised its stake in shares of CSX by 6.0% during the 3rd quarter. Czech National Bank now owns 394,942 shares of the transportation company’s stock worth $13,637,000 after purchasing an additional 22,356 shares in the last quarter. Finally, Canandaigua National Bank & Trust Co. lifted its holdings in shares of CSX by 1.9% during the 3rd quarter. Canandaigua National Bank & Trust Co. now owns 20,637 shares of the transportation company’s stock valued at $713,000 after buying an additional 375 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Trading Up 0.0 %

CSX stock opened at $32.87 on Friday. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The firm has a market cap of $63.39 billion, a P/E ratio of 18.36, a P/E/G ratio of 1.90 and a beta of 1.22. CSX Co. has a 1-year low of $31.43 and a 1-year high of $40.12. The business’s 50 day moving average is $33.33 and its 200-day moving average is $33.92.

CSX (NASDAQ:CSX) last released its quarterly earnings data 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 return on equity of 28.15% and a net margin of 23.95%. Equities analysts anticipate that CSX Co. will post 1.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CSX shares. Loop Capital cut their price objective 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. Benchmark restated a “buy” rating and set a $38.00 price target on shares of CSX in a report on Monday, January 27th. Susquehanna decreased their price objective 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. Robert W. Baird cut their target price on CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $37.58.

About CSX

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.