Austin Private Wealth LLC Increases Stock Holdings in CSX Co. (NASDAQ:CSX)

Austin Private Wealth LLC increased its holdings in shares of CSX Co. (NASDAQ:CSXFree Report) by 12.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,049 shares of the transportation company’s stock after buying an additional 1,402 shares during the period. Austin Private Wealth LLC’s holdings in CSX were worth $421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CSX. Cetera Investment Advisers lifted its position 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 buying an additional 22,081 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of CSX by 1.0% during the 2nd quarter. Clearbridge Investments LLC now owns 66,709 shares of the transportation company’s stock valued at $2,231,000 after buying an additional 683 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of CSX during the 2nd quarter valued at approximately $5,109,000. Czech National Bank lifted its position 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 valued at $13,637,000 after buying an additional 22,356 shares in the last quarter. Finally, Canandaigua National Bank & Trust Co. lifted its holdings in CSX by 1.9% in the 3rd quarter. Canandaigua National Bank & Trust Co. now owns 20,637 shares of the transportation company’s stock valued at $713,000 after purchasing an additional 375 shares in the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

CSX has been the topic of a number of research reports. JPMorgan Chase & Co. decreased their price objective on CSX from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Benchmark reiterated a “buy” rating and set a $38.00 price target on shares of CSX in a report on Monday, January 27th. Raymond James reiterated an “outperform” rating and set a $37.00 price target (down previously from $38.00) on shares of CSX in a report on Friday, January 24th. BMO Capital Markets reduced their price target on CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, January 24th. Finally, Wells Fargo & Company reduced their price target on CSX from $36.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, CSX presently has an average rating of “Moderate Buy” and an average target price of $37.58.

Check Out Our Latest Stock Report on CSX

CSX Stock Performance

NASDAQ CSX opened at $32.87 on Friday. The company 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. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. The stock has a 50-day moving average of $33.39 and a two-hundred day moving average of $33.94. CSX Co. has a 1-year low of $31.43 and a 1-year high of $40.12.

CSX (NASDAQ:CSXGet Free Report) last released its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share 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%. As a group, analysts anticipate that CSX Co. will post 1.88 EPS for the current year.

CSX Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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