Patrick M Sweeney & Associates Inc. Has $1.03 Million Stock Position in CSX Co. (NASDAQ:CSX)

Patrick M Sweeney & Associates Inc. boosted its holdings in shares of CSX Co. (NASDAQ:CSX) by 1.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 31,827 shares of the transportation company’s stock after buying an additional 313 shares during the period. CSX makes up approximately 1.2% of Patrick M Sweeney & Associates Inc.’s investment portfolio, making the stock its 29th largest position. Patrick M Sweeney & Associates Inc.’s holdings in CSX were worth $1,027,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Verde Servicos Internacionais S.A. grew its stake in CSX by 38.4% in the fourth quarter. Verde Servicos Internacionais S.A. now owns 426,348 shares of the transportation company’s stock valued at $13,758,000 after purchasing an additional 118,355 shares in the last quarter. Cascade Investment Advisors Inc. grew its stake in CSX by 1.8% in the fourth quarter. Cascade Investment Advisors Inc. now owns 44,521 shares of the transportation company’s stock valued at $1,437,000 after purchasing an additional 800 shares in the last quarter. Nilsine Partners LLC grew its stake in CSX by 4.4% in the fourth quarter. Nilsine Partners LLC now owns 40,180 shares of the transportation company’s stock valued at $1,297,000 after purchasing an additional 1,690 shares in the last quarter. Parsons Capital Management Inc. RI grew its stake in CSX by 20.2% in the fourth quarter. Parsons Capital Management Inc. RI now owns 100,669 shares of the transportation company’s stock valued at $3,249,000 after purchasing an additional 16,911 shares in the last quarter. Finally, McLean Asset Management Corp grew its stake in CSX by 8.6% in the fourth quarter. McLean Asset Management Corp now owns 13,648 shares of the transportation company’s stock valued at $440,000 after purchasing an additional 1,076 shares in the last quarter. 73.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Benchmark restated a “buy” rating and issued a $38.00 target price on shares of CSX in a research note on Monday. TD Cowen reduced their target price on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a report on Thursday, October 17th. Loop Capital dropped their price target 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. Susquehanna decreased their price target 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. Finally, Wells Fargo & Company decreased their price target on shares of CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, CSX currently has a consensus rating of “Moderate Buy” and an average price target of $37.58.

CSX Trading Up 2.9 %

Shares of NASDAQ CSX opened at $33.64 on Tuesday. The company’s fifty day moving average is $33.53 and its 200-day moving average is $33.96. The stock has a market cap of $64.87 billion, a price-to-earnings ratio of 18.09, a P/E/G ratio of 2.06 and a beta of 1.22. CSX Co. has a twelve month low of $31.43 and a twelve month high of $40.12. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX) last announced its quarterly earnings results 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 return on equity of 28.92% and a net margin of 24.77%. Equities research analysts predict 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.