Commonwealth Financial Services LLC Increases Stake in CSX Co. (NASDAQ:CSX)

Commonwealth Financial Services LLC boosted its stake in CSX Co. (NASDAQ:CSX) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,607 shares of the transportation company’s stock after purchasing an additional 702 shares during the quarter. Commonwealth Financial Services LLC’s holdings in CSX were worth $859,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Valley Wealth Managers Inc. boosted its stake in CSX by 177.8% in the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after purchasing an additional 480 shares during the period. Morton Brown Family Wealth LLC bought a new stake in shares of CSX during the 3rd quarter valued at about $31,000. Addison Advisors LLC boosted its position in shares of CSX by 348.5% during the 3rd quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock valued at $36,000 after acquiring an additional 812 shares during the last quarter. Fortitude Family Office LLC boosted its position in shares of CSX by 43.4% during the 3rd quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 336 shares during the last quarter. Finally, Synergy Asset Management LLC bought a new stake in shares of CSX during the 4th quarter valued at about $41,000. Institutional investors own 73.57% of the company’s stock.

CSX Stock Performance

Shares of CSX stock opened at $32.51 on Tuesday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. CSX Co. has a fifty-two week low of $31.43 and a fifty-two week high of $40.12. The stock has a 50 day moving average price of $33.33 and a two-hundred day moving average price of $33.90. The company has a market capitalization of $62.69 billion, a P/E ratio of 18.16, a PEG ratio of 1.90 and a beta of 1.23.

CSX (NASDAQ:CSX) last announced its earnings results 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 net margin of 23.95% and a return on equity of 28.15%. Analysts expect that CSX Co. will post 1.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

CSX has been the subject of a number of research analyst reports. Susquehanna dropped their price target on CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Stephens reiterated an “overweight” rating and set a $38.00 price target on shares of CSX in a research report on Friday, January 24th. Royal Bank of Canada dropped their target price on CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a research report on Friday, January 24th. Citigroup dropped their target price on CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Finally, BMO Capital Markets dropped their target price 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 analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $37.16.

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.