Marshall Financial Group LLC Makes New Investment in CSX Co. (NASDAQ:CSX)

Marshall Financial Group LLC bought a new stake in CSX Co. (NASDAQ:CSX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 33,601 shares of the transportation company’s stock, valued at approximately $1,084,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. First Citizens Bank & Trust Co. lifted its position in CSX by 5.2% in the 4th quarter. First Citizens Bank & Trust Co. now owns 16,982 shares of the transportation company’s stock worth $548,000 after buying an additional 836 shares in the last quarter. Stewardship Advisors LLC acquired a new position in CSX in the fourth quarter worth approximately $204,000. Pflug Koory LLC raised its position in CSX by 1.6% during the fourth quarter. Pflug Koory LLC now owns 47,892 shares of the transportation company’s stock valued at $1,545,000 after acquiring an additional 750 shares in the last quarter. Cottonwood Capital Advisors LLC acquired a new stake in CSX in the fourth quarter valued at approximately $211,000. Finally, CX Institutional grew its position in CSX by 32.4% in the fourth quarter. CX Institutional now owns 18,985 shares of the transportation company’s stock worth $613,000 after acquiring an additional 4,644 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

Wall Street Analyst Weigh In

CSX has been the topic of a number of recent research reports. Citigroup cut their price target on shares of CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Friday. JPMorgan Chase & Co. cut their target price on CSX from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Friday. Stephens reiterated an “overweight” rating and set a $38.00 price target on shares of CSX in a research note on Friday. Royal Bank of Canada reduced their price objective on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a research note on Friday. Finally, TD Cowen lowered their target price on shares of CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, CSX currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.68.

CSX Trading Down 2.9 %

CSX stock opened at $32.69 on Friday. CSX Co. has a 12 month low of $31.43 and a 12 month high of $40.12. The stock has a market cap of $63.04 billion, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 2.06 and a beta of 1.22. The business has a 50 day moving average price of $33.53 and a two-hundred day moving average price of $33.94. 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 released 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 28.92% and a net margin of 24.77%. As a group, equities analysts forecast that CSX Co. will post 1.83 EPS for the current 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.