Capital Investment Advisory Services LLC Increases Stake in CSX Co. (NASDAQ:CSX)

Capital Investment Advisory Services LLC boosted its stake in shares of CSX Co. (NASDAQ:CSX) by 8.7% in the 4th quarter, Holdings Channel reports. The fund owned 16,497 shares of the transportation company’s stock after buying an additional 1,316 shares during the period. Capital Investment Advisory Services LLC’s holdings in CSX were worth $532,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of CSX. Valley Wealth Managers Inc. raised its position in CSX by 177.8% during the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 480 shares in the last quarter. Morton Brown Family Wealth LLC purchased a new position in CSX during the third quarter valued at approximately $31,000. Addison Advisors LLC increased its position in shares of CSX by 348.5% in the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock valued at $36,000 after buying an additional 812 shares in the last quarter. Fortitude Family Office LLC increased 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 buying an additional 336 shares in the last quarter. Finally, Synergy Asset Management LLC purchased a new stake in shares of CSX in the fourth quarter valued at approximately $41,000. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

CSX Stock Performance

Shares of CSX stock opened at $32.86 on Friday. CSX Co. has a 52 week low of $31.43 and a 52 week high of $40.12. The business’s fifty day simple moving average is $33.44 and its 200-day simple moving average is $33.94. The firm has a market cap of $63.37 billion, a PE ratio of 17.67, a price-to-earnings-growth ratio of 2.06 and a beta of 1.22. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a net margin of 24.77% and a return on equity of 28.92%. Equities analysts forecast that CSX Co. will post 1.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

CSX has been the subject of a number of recent analyst reports. Citigroup cut their price objective on CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Evercore ISI dropped their price target on CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Stifel Nicolaus dropped their price target on CSX from $39.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Loop Capital dropped their price target on CSX from $43.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Finally, BMO Capital Markets dropped their price target on CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, January 24th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $37.58.

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.