Wingate Wealth Advisors Inc. Acquires New Stake in CSX Co. (NASDAQ:CSX)

Wingate Wealth Advisors Inc. acquired a new stake in CSX Co. (NASDAQ:CSX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,200 shares of the transportation company’s stock, valued at approximately $39,000.

Other large investors have also recently added to or reduced their stakes in the company. Perpetual Ltd purchased a new position in shares of CSX in the 4th quarter valued at about $83,301,000. Assenagon Asset Management S.A. raised its holdings in CSX by 318.5% in the third quarter. Assenagon Asset Management S.A. now owns 3,270,966 shares of the transportation company’s stock valued at $112,946,000 after acquiring an additional 2,489,329 shares in the last quarter. FMR LLC lifted its stake in CSX by 10.2% in the third quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock worth $539,112,000 after acquiring an additional 1,447,651 shares during the last quarter. KBC Group NV grew its holdings in CSX by 616.4% during the 4th quarter. KBC Group NV now owns 1,114,542 shares of the transportation company’s stock worth $35,966,000 after acquiring an additional 958,957 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of CSX by 3.6% in the 3rd quarter. Fisher Asset Management LLC now owns 24,656,931 shares of the transportation company’s stock valued at $851,404,000 after purchasing an additional 857,302 shares during the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Price Performance

Shares of NASDAQ:CSX opened at $33.11 on Wednesday. CSX Co. has a one year low of $31.43 and a one year high of $40.12. The stock has a market capitalization of $63.85 billion, a price-to-earnings ratio of 18.50, a PEG ratio of 1.91 and a beta of 1.23. The company has a 50-day simple moving average of $32.88 and a 200-day simple moving average of $33.85. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 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%. On average, analysts predict that CSX Co. will post 1.86 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CSX shares. 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 research report on Wednesday, January 8th. Robert W. Baird decreased their price target on CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, January 24th. Benchmark reiterated a “buy” rating and issued a $38.00 price objective on shares of CSX in a report on Monday, January 27th. Stifel Nicolaus lowered their price target on CSX from $39.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Finally, Stephens reiterated an “overweight” rating and issued a $38.00 price target on shares of CSX in a research note on Friday, January 24th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $37.16.

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.