Stephens Inc. AR Has $3.70 Million Stock Position in CSX Co. (NASDAQ:CSX)

Stephens Inc. AR lifted its stake in CSX Co. (NASDAQ:CSX) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 114,490 shares of the transportation company’s stock after purchasing an additional 1,769 shares during the period. Stephens Inc. AR’s holdings in CSX were worth $3,695,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Quotient Wealth Partners LLC bought a new position in CSX during the fourth quarter worth about $212,000. Empowered Funds LLC raised its position in shares of CSX by 6.7% in the 4th quarter. Empowered Funds LLC now owns 202,140 shares of the transportation company’s stock valued at $6,523,000 after acquiring an additional 12,774 shares during the period. Kingsview Wealth Management LLC boosted its stake in CSX by 5.3% during the 4th quarter. Kingsview Wealth Management LLC now owns 55,167 shares of the transportation company’s stock worth $1,780,000 after acquiring an additional 2,756 shares during the last quarter. Chronos Wealth Management LLC grew its holdings in CSX by 4.7% during the fourth quarter. Chronos Wealth Management LLC now owns 16,685 shares of the transportation company’s stock valued at $538,000 after purchasing an additional 750 shares during the period. Finally, Apollon Wealth Management LLC increased its stake in CSX by 30.3% in the fourth quarter. Apollon Wealth Management LLC now owns 69,044 shares of the transportation company’s stock valued at $2,228,000 after purchasing an additional 16,050 shares in the last quarter. 73.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Loop Capital cut shares of CSX from a “buy” rating to a “hold” rating and reduced their price target for the stock from $40.00 to $34.00 in a research report on Monday, February 3rd. TD Cowen decreased their target price on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. Stephens restated an “overweight” rating and issued a $38.00 price target on shares of CSX in a report on Friday, January 24th. Stifel Nicolaus cut their price objective on CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Finally, Susquehanna lowered their target price on CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $37.16.

CSX Trading Up 1.5 %

Shares of NASDAQ:CSX opened at $33.08 on Tuesday. The company’s 50-day moving average price is $32.94 and its two-hundred day moving average price is $33.85. CSX Co. has a one year low of $31.43 and a one year high of $40.12. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. The stock has a market capitalization of $63.79 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 1.91 and a beta of 1.23.

CSX (NASDAQ:CSX) last released its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts forecast that CSX Co. will post 1.86 EPS for the current fiscal year.

CSX Company 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.