KG&L Capital Management LLC Takes $729,000 Position in CSX Co. (NASDAQ:CSX)

KG&L Capital Management LLC acquired a new position in CSX Co. (NASDAQ:CSX) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 22,595 shares of the transportation company’s stock, valued at approximately $729,000.

Several other institutional investors have also recently bought and sold shares of CSX. Valley Wealth Managers Inc. grew its position in shares of CSX by 177.8% during the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after buying an additional 480 shares during the period. Morton Brown Family Wealth LLC bought a new position in CSX in the third quarter valued at approximately $31,000. Addison Advisors LLC grew its holdings in CSX by 348.5% during 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. Fortitude Family Office LLC raised 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 acquired a new position in shares of CSX in the 4th quarter valued at $41,000. Institutional investors own 73.57% of the company’s stock.

CSX Stock Up 0.0 %

Shares of CSX stock opened at $32.87 on Friday. The firm has a market cap of $63.39 billion, a PE ratio of 18.36, a P/E/G ratio of 1.90 and a beta of 1.22. The business’s 50 day simple moving average is $33.33 and its 200 day simple moving average is $33.92. 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 52-week low of $31.43 and a 52-week high of $40.12.

CSX (NASDAQ:CSX) last issued 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 return on equity of 28.15% and a net margin of 23.95%. On average, analysts predict that CSX Co. will post 1.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CSX. Raymond James reaffirmed an “outperform” rating and set a $37.00 price objective (down from $38.00) on shares of CSX in a research note on Friday, January 24th. Jefferies Financial Group upgraded CSX from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research report on Friday, January 10th. Susquehanna cut their price target on shares of CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Robert W. Baird reduced their price objective on shares of CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, January 24th. Finally, Citigroup lowered their target price on shares of CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $37.58.

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.