HB Wealth Management LLC Has $2.30 Million Stock Position in CSX Co. (NASDAQ:CSX)

HB Wealth Management LLC lifted its position in shares of CSX Co. (NASDAQ:CSX) by 15.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 71,186 shares of the transportation company’s stock after buying an additional 9,721 shares during the quarter. HB Wealth Management LLC’s holdings in CSX were worth $2,297,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Trust Co. of Vermont raised its stake in CSX by 1.8% in the fourth quarter. Trust Co. of Vermont now owns 71,489 shares of the transportation company’s stock valued at $2,307,000 after purchasing an additional 1,245 shares in the last quarter. Sanibel Captiva Trust Company Inc. raised its stake in CSX by 6.1% in the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 46,518 shares of the transportation company’s stock valued at $1,501,000 after purchasing an additional 2,687 shares in the last quarter. Alhambra Investment Management LLC raised its stake in CSX by 4.3% in the fourth quarter. Alhambra Investment Management LLC now owns 8,292 shares of the transportation company’s stock valued at $268,000 after purchasing an additional 342 shares in the last quarter. Mason & Associates LLC raised its stake in CSX by 9.2% in the fourth quarter. Mason & Associates LLC now owns 16,516 shares of the transportation company’s stock valued at $533,000 after purchasing an additional 1,395 shares in the last quarter. Finally, Folger Nolan Fleming Douglas Capital Management Inc. raised its stake in CSX by 1.9% in the fourth quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 24,451 shares of the transportation company’s stock valued at $789,000 after purchasing an additional 450 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Stock Performance

Shares of CSX stock opened at $32.73 on Monday. The business’s 50 day simple moving average is $33.82 and its 200 day simple moving average is $33.96. 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 $63.12 billion, a PE ratio of 17.60, a PEG ratio of 1.93 and a beta of 1.22. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23.

Analyst Ratings Changes

A number of research firms recently commented on CSX. Jefferies Financial Group raised CSX from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research note on Friday, January 10th. Stephens decreased their target price on CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. BMO Capital Markets decreased their target price on CSX from $40.00 to $39.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Citigroup lifted their target price on CSX from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, Wells Fargo & Company decreased their target price on CSX from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 17th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $38.65.

About CSX

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.