3,663 Shares in CSX Co. (NASDAQ:CSX) Bought by Golden State Wealth Management LLC

Golden State Wealth Management LLC bought a new stake in CSX Co. (NASDAQ:CSX) during the fourth quarter, Holdings Channel reports. The firm bought 3,663 shares of the transportation company’s stock, valued at approximately $118,000.

Several other institutional investors have also recently bought and sold shares of CSX. Avior Wealth Management LLC grew its stake in shares of CSX by 2.5% in the third 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 during the last quarter. Lake Street Advisors Group LLC lifted its stake in shares of CSX by 1.8% in the third quarter. Lake Street Advisors Group LLC now owns 17,246 shares of the transportation company’s stock valued at $595,000 after buying an additional 306 shares during the period. Rehmann Capital Advisory Group increased its stake in CSX by 1.3% during the third quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company’s stock valued at $830,000 after acquiring an additional 306 shares during the period. J.W. Cole Advisors Inc. grew its holdings in shares of CSX by 0.9% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 35,401 shares of the transportation company’s stock worth $1,222,000 after purchasing an additional 309 shares in the last quarter. Finally, Associated Banc Corp increased its position in shares of CSX by 0.6% during the third quarter. Associated Banc Corp now owns 55,534 shares of the transportation company’s stock valued at $1,918,000 after purchasing an additional 310 shares during the period. Institutional investors own 73.57% of the company’s stock.

CSX Stock Down 0.5 %

NASDAQ CSX opened at $32.59 on Monday. The stock has a market capitalization of $62.85 billion, a P/E ratio of 18.21, a price-to-earnings-growth ratio of 1.91 and a beta of 1.23. CSX Co. has a 52 week low of $31.43 and a 52 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 0.86. The stock has a fifty day moving average of $32.94 and a 200-day moving average of $33.85.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. On average, equities research analysts forecast that CSX Co. will post 1.86 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CSX shares. Jefferies Financial Group upgraded shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research note on Friday, January 10th. Stephens reissued an “overweight” rating and issued a $38.00 price target on shares of CSX in a research report on Friday, January 24th. BMO Capital Markets decreased their price objective on CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, January 24th. TD Cowen dropped their target price on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a report on Thursday, October 17th. Finally, Royal Bank of Canada decreased their price target on CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research note on Friday, January 24th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $37.16.

CSX Profile

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.