DAVENPORT & Co LLC Buys 8,098 Shares of CSX Co. (NASDAQ:CSX)

DAVENPORT & Co LLC increased its stake in shares of CSX Co. (NASDAQ:CSX) by 4.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 172,183 shares of the transportation company’s stock after acquiring an additional 8,098 shares during the period. DAVENPORT & Co LLC’s holdings in CSX were worth $5,556,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Avior Wealth Management LLC raised its position in shares of CSX by 2.5% in the 3rd quarter. Avior Wealth Management LLC now owns 11,790 shares of the transportation company’s stock worth $407,000 after acquiring an additional 293 shares in the last quarter. Lake Street Advisors Group LLC grew its stake in shares of CSX by 1.8% in the 3rd quarter. Lake Street Advisors Group LLC now owns 17,246 shares of the transportation company’s stock valued at $595,000 after buying an additional 306 shares during the period. Rehmann Capital Advisory Group grew its stake in shares of CSX by 1.3% in the 3rd quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company’s stock valued at $830,000 after buying an additional 306 shares during the period. J.W. Cole Advisors Inc. boosted its stake in CSX by 0.9% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 35,401 shares of the transportation company’s stock valued at $1,222,000 after purchasing an additional 309 shares during the last quarter. Finally, Associated Banc Corp boosted its stake in CSX by 0.6% during the 3rd quarter. Associated Banc Corp now owns 55,534 shares of the transportation company’s stock valued at $1,918,000 after purchasing an additional 310 shares during the last quarter. Institutional investors own 73.57% of the company’s stock.

CSX Stock Down 1.1 %

Shares of NASDAQ:CSX opened at $32.51 on Tuesday. The stock’s 50-day moving average price is $33.33 and its 200-day moving average price is $33.90. CSX Co. has a 12-month low of $31.43 and a 12-month high of $40.12. The stock has a market capitalization of $62.69 billion, a P/E ratio of 18.16, a price-to-earnings-growth ratio of 1.90 and a beta of 1.23. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (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%. On average, equities analysts anticipate that CSX Co. will post 1.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CSX has been the topic of a number of research analyst reports. Evercore ISI cut their target price on CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Barclays dropped their price objective on CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Citigroup dropped their target price on CSX from $40.00 to $39.00 and set a “buy” rating on the stock 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 on the stock in a research report on Friday, January 24th. Finally, Loop Capital downgraded CSX from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $40.00 to $34.00 in a research report on Monday. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, CSX presently has an average rating of “Moderate Buy” and a consensus price target of $37.16.

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.