Steigerwald Gordon & Koch Inc. Has $241,000 Position in CSX Co. (NASDAQ:CSX)

Steigerwald Gordon & Koch Inc. lowered its holdings in CSX Co. (NASDAQ:CSX) by 7.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,459 shares of the transportation company’s stock after selling 599 shares during the quarter. Steigerwald Gordon & Koch Inc.’s holdings in CSX were worth $241,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Astoria Portfolio Advisors LLC. raised its holdings in shares of CSX by 4.7% in the 4th quarter. Astoria Portfolio Advisors LLC. now owns 16,885 shares of the transportation company’s stock worth $543,000 after buying an additional 765 shares in the last quarter. Ameritas Advisory Services LLC grew its position in CSX by 88.5% in the fourth quarter. Ameritas Advisory Services LLC now owns 11,250 shares of the transportation company’s stock valued at $363,000 after acquiring an additional 5,281 shares during the period. HB Wealth Management LLC raised its stake in CSX by 15.8% during the fourth quarter. HB Wealth Management LLC now owns 71,186 shares of the transportation company’s stock worth $2,297,000 after acquiring an additional 9,721 shares in the last quarter. Trust Co. of Vermont lifted its holdings in shares of CSX by 1.8% during the fourth quarter. Trust Co. of Vermont now owns 71,489 shares of the transportation company’s stock valued at $2,307,000 after acquiring an additional 1,245 shares during the period. Finally, Sanibel Captiva Trust Company Inc. boosted its stake in shares of CSX by 6.1% in the 4th 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. Institutional investors and hedge funds own 73.57% of the company’s stock.

Wall Street Analyst Weigh In

CSX has been the subject of several analyst reports. Evercore ISI cut their price target on shares of CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Wells Fargo & Company reduced their target price on CSX from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Thursday, October 17th. BMO Capital Markets dropped their price target on CSX from $40.00 to $39.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Citigroup boosted their price objective on CSX from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, Stifel Nicolaus decreased their target price on CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CSX currently has a consensus rating of “Moderate Buy” and an average target price of $38.65.

CSX Stock Performance

CSX stock opened at $32.73 on Friday. CSX Co. has a twelve month low of $31.43 and a twelve month high of $40.12. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43. The company has a market cap of $63.12 billion, a P/E ratio of 17.60, a price-to-earnings-growth ratio of 1.93 and a beta of 1.22. The business’s fifty day moving average is $33.82 and its 200-day moving average is $33.95.

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

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.