Angeles Wealth Management LLC Has $305,000 Position in CSX Co. (NASDAQ:CSX)

Angeles Wealth Management LLC grew its holdings in shares of CSX Co. (NASDAQ:CSX) by 5.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,453 shares of the transportation company’s stock after buying an additional 464 shares during the quarter. Angeles Wealth Management LLC’s holdings in CSX were worth $305,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Valley Wealth Managers Inc. raised its holdings 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 in the last quarter. Morton Brown Family Wealth LLC acquired a new position in shares of CSX during the 3rd quarter worth approximately $31,000. Addison Advisors LLC boosted its holdings 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 valued at $36,000 after buying an additional 812 shares during the last quarter. Fortitude Family Office LLC boosted its holdings in shares of CSX by 43.4% in the 3rd quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock valued at $38,000 after buying an additional 336 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of CSX in the fourth quarter valued at $39,000. 73.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on CSX shares. Stifel Nicolaus cut their price target on shares of CSX from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. BMO Capital Markets cut their target price on shares of CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, January 24th. Evercore ISI lowered their price target on CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Benchmark reaffirmed a “buy” rating and issued a $38.00 price objective on shares of CSX in a research report on Monday, January 27th. Finally, TD Cowen reduced their target price on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. Six research 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 presently has an average rating of “Moderate Buy” and an average price target of $37.16.

CSX Stock Up 1.5 %

Shares of CSX opened at $33.08 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $63.79 billion, a PE ratio of 18.48, a P/E/G ratio of 1.91 and a beta of 1.23. The firm’s 50 day moving average is $32.94 and its 200-day moving average is $33.85. CSX Co. has a 12 month low of $31.43 and a 12 month high of $40.12.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. Equities research analysts forecast that CSX Co. will post 1.86 EPS for the current year.

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.