CSX Co. (NASDAQ:CSX) Shares Purchased by Sage Capital Advisors llc

Sage Capital Advisors llc grew its holdings in shares of CSX Co. (NASDAQ:CSX) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 114,697 shares of the transportation company’s stock after purchasing an additional 563 shares during the period. Sage Capital Advisors llc’s holdings in CSX were worth $3,701,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Avior Wealth Management LLC boosted its stake in shares of CSX by 2.5% during the 3rd quarter. Avior Wealth Management LLC now owns 11,790 shares of the transportation company’s stock worth $407,000 after acquiring an additional 293 shares in the last quarter. Lake Street Advisors Group LLC raised its stake in shares of CSX by 1.8% during the 3rd quarter. Lake Street Advisors Group LLC now owns 17,246 shares of the transportation company’s stock worth $595,000 after buying an additional 306 shares during the last quarter. Rehmann Capital Advisory Group boosted its position in shares of CSX by 1.3% in the 3rd quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company’s stock worth $830,000 after buying an additional 306 shares in the last quarter. J.W. Cole Advisors Inc. grew its stake in CSX by 0.9% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 35,401 shares of the transportation company’s stock valued at $1,222,000 after acquiring an additional 309 shares during the last quarter. Finally, Associated Banc Corp increased its holdings in CSX by 0.6% during the 3rd quarter. Associated Banc Corp now owns 55,534 shares of the transportation company’s stock valued at $1,918,000 after acquiring an additional 310 shares in the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CSX shares. Susquehanna lowered their price target on shares of CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research report on Wednesday. TD Cowen dropped their price target on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. Wells Fargo & Company cut their price target on CSX from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Thursday, October 17th. Jefferies Financial Group raised CSX from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Friday. Finally, Stephens cut their target price on shares of CSX from $41.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, CSX has an average rating of “Moderate Buy” and an average target price of $38.67.

CSX Trading Down 1.0 %

CSX traded down $0.31 during trading on Friday, hitting $31.89. 6,076,617 shares of the company’s stock were exchanged, compared to its average volume of 12,182,443. The stock has a 50 day moving average price of $34.12 and a 200 day moving average price of $33.99. CSX Co. has a 1 year low of $31.43 and a 1 year high of $40.12. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The firm has a market cap of $61.50 billion, a P/E ratio of 17.15, a price-to-earnings-growth ratio of 2.24 and a beta of 1.22.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). CSX had a net margin of 24.77% and a return on equity of 28.92%. The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.68 billion. During the same period last year, the business earned $0.42 earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, analysts expect that CSX Co. will post 1.84 EPS for the current fiscal 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.