Miracle Mile Advisors LLC Buys 20,978 Shares of CSX Co. (NASDAQ:CSX)

Miracle Mile Advisors LLC boosted its stake in shares of CSX Co. (NASDAQ:CSX) by 20.1% in the fourth quarter, Holdings Channel reports. The firm owned 125,277 shares of the transportation company’s stock after acquiring an additional 20,978 shares during the period. Miracle Mile Advisors LLC’s holdings in CSX were worth $4,043,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CSX. Valley Wealth Managers Inc. increased 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 worth $26,000 after acquiring an additional 480 shares during the period. Itau Unibanco Holding S.A. acquired a new position in shares of CSX during the second quarter valued at about $26,000. Fairscale Capital LLC acquired a new stake in CSX during the second quarter worth about $32,000. Morton Brown Family Wealth LLC acquired a new position in CSX in the 3rd quarter valued at approximately $31,000. Finally, Addison Advisors LLC lifted its position in shares of CSX by 348.5% in the 3rd quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock worth $36,000 after acquiring an additional 812 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Jefferies Financial Group upgraded CSX from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Friday. BMO Capital Markets lowered their price target on shares of CSX from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Stephens decreased their target price on shares of CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Susquehanna lowered their price target on CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada reduced their price target on shares of CSX from $36.00 to $35.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 17th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $38.67.

CSX Stock Up 0.3 %

Shares of NASDAQ:CSX opened at $31.89 on Tuesday. The company has a 50 day moving average of $34.06 and a 200-day moving average of $33.99. The stock has a market cap of $61.50 billion, a price-to-earnings ratio of 17.15, a P/E/G ratio of 2.24 and a beta of 1.22. 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 1.39 and a quick ratio of 1.23.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $3.68 billion. During the same quarter in the prior year, the company posted $0.42 EPS. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, sell-side analysts forecast that CSX Co. will post 1.84 earnings per share for the current 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.