Tompkins Financial Corp Invests $139,000 in CSX Co. (NASDAQ:CSX)

Tompkins Financial Corp bought a new position in CSX Co. (NASDAQ:CSX) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 4,300 shares of the transportation company’s stock, valued at approximately $139,000.

Other large investors have also added to or reduced their stakes in the company. Valley Wealth Managers Inc. raised its stake in shares of CSX by 177.8% in the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after purchasing an additional 480 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in CSX during the second quarter worth $26,000. Fairscale Capital LLC purchased a new stake in CSX in the 2nd quarter valued at $32,000. Morton Brown Family Wealth LLC purchased a new stake in CSX in the 3rd quarter valued at $31,000. Finally, Addison Advisors LLC lifted its stake in CSX by 348.5% during the 3rd quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock valued at $36,000 after acquiring an additional 812 shares in the last quarter. Institutional investors own 73.57% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Citigroup upped their target price on shares of CSX from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Stephens reduced their price objective on shares of CSX from $41.00 to $39.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Royal Bank of Canada dropped their target price on shares of CSX from $36.00 to $35.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 17th. Loop Capital cut their target price on CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Finally, BMO Capital Markets decreased their price target on CSX from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $38.71.

CSX Stock Up 1.6 %

CSX stock opened at $32.97 on Friday. The stock has a fifty day moving average of $33.94 and a 200-day moving average of $33.97. CSX Co. has a fifty-two week low of $31.43 and a fifty-two week high of $40.12. The company has a market capitalization of $63.57 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 1.93 and a beta of 1.22. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39.

CSX (NASDAQ:CSX) last issued its earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. The business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.68 billion. During the same quarter in the prior year, the business earned $0.42 EPS. CSX’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, equities research analysts predict that CSX Co. will post 1.83 earnings per share 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.