Inspire Investing LLC Boosts Stake in CSX Co. (NASDAQ:CSX)

Inspire Investing LLC boosted its stake in shares of CSX Co. (NASDAQ:CSXFree Report) by 9.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 37,342 shares of the transportation company’s stock after buying an additional 3,147 shares during the quarter. Inspire Investing LLC’s holdings in CSX were worth $1,205,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Valley Wealth Managers Inc. raised its position in shares of CSX by 177.8% during the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 480 shares during the period. Morton Brown Family Wealth LLC purchased a new stake in CSX in the 3rd quarter worth $31,000. Addison Advisors LLC raised its holdings in CSX by 348.5% during the third 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 during the period. Fortitude Family Office LLC lifted its position in shares of CSX by 43.4% in the third quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 336 shares in the last quarter. Finally, Jamison Private Wealth Management Inc. boosted its stake in shares of CSX by 33.7% in the third quarter. Jamison Private Wealth Management Inc. now owns 1,253 shares of the transportation company’s stock worth $43,000 after acquiring an additional 316 shares during the period. Institutional investors own 73.57% of the company’s stock.

CSX Stock Performance

NASDAQ CSX opened at $33.67 on Friday. The company has a market cap of $64.93 billion, a P/E ratio of 18.10, a P/E/G ratio of 2.05 and a beta of 1.22. The business’s 50 day moving average price is $33.62 and its 200-day moving average price is $33.95. CSX Co. has a fifty-two week low of $31.43 and a fifty-two week high of $40.12. 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:CSXGet Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a net margin of 24.77% and a return on equity of 28.92%. Sell-side analysts predict that CSX Co. will post 1.83 earnings per share for the current year.

Analysts Set New Price Targets

CSX has been the topic of several recent analyst reports. Stifel Nicolaus decreased their target price on CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Loop Capital reduced their price objective on shares of CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. 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 report on Tuesday, November 12th. Susquehanna reduced their price target on shares of CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Finally, Royal Bank of Canada dropped their price objective on shares of CSX from $36.00 to $35.00 and set a “sector perform” rating for the company 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. According to data from MarketBeat.com, CSX presently has an average rating of “Moderate Buy” and an average price target of $38.65.

Check Out Our Latest Analysis on CSX

About CSX

(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.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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