CSX Co. (NASDAQ:CSX) Shares Purchased by Avion Wealth

Avion Wealth raised its holdings in CSX Co. (NASDAQ:CSX) by 160.8% during the 4th quarter, Holdings Channel reports. The firm owned 2,856 shares of the transportation company’s stock after buying an additional 1,761 shares during the quarter. Avion Wealth’s holdings in CSX were worth $92,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Valley Wealth Managers Inc. grew its holdings in CSX by 177.8% in the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 480 shares during the period. Morton Brown Family Wealth LLC acquired a new stake in CSX in the third quarter valued at approximately $31,000. Addison Advisors LLC grew its holdings in CSX by 348.5% in the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 812 shares during the period. Fortitude Family Office LLC grew its holdings in CSX by 43.4% in the third quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 336 shares during the period. Finally, Wingate Wealth Advisors Inc. acquired a new stake in CSX in the fourth quarter valued at approximately $39,000. 73.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the company. Evercore ISI dropped their price objective on CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. BMO Capital Markets decreased their target price on CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. Stephens restated an “overweight” rating and issued a $38.00 target price on shares of CSX in a research report on Friday, January 24th. Benchmark restated a “buy” rating and issued a $38.00 target price on shares of CSX in a research report on Monday, January 27th. Finally, Royal Bank of Canada decreased their target price on CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research report on Friday, January 24th. Six equities 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, CSX currently has a consensus rating of “Moderate Buy” and an average price target of $37.16.

CSX Price Performance

CSX stock opened at $33.11 on Wednesday. CSX Co. has a 52-week low of $31.43 and a 52-week high of $40.12. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. The business has a fifty day moving average of $32.88 and a two-hundred day moving average of $33.85. The stock has a market cap of $63.85 billion, a price-to-earnings ratio of 18.50, a price-to-earnings-growth ratio of 1.91 and a beta of 1.23.

CSX (NASDAQ:CSX) last issued 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%. As a group, research analysts anticipate that CSX Co. will post 1.86 earnings per share 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.