30,772 Shares in CSX Co. (NASDAQ:CSX) Acquired by Consolidated Portfolio Review Corp

Consolidated Portfolio Review Corp bought a new stake in CSX Co. (NASDAQ:CSX) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 30,772 shares of the transportation company’s stock, valued at approximately $993,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dynamic Advisor Solutions LLC raised its position in shares of CSX by 6.6% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 38,246 shares of the transportation company’s stock worth $1,321,000 after buying an additional 2,360 shares during the period. Atomi Financial Group Inc. raised its holdings in shares of CSX by 40.2% in the 3rd quarter. Atomi Financial Group Inc. now owns 16,431 shares of the transportation company’s stock worth $567,000 after purchasing an additional 4,715 shares during the period. Daymark Wealth Partners LLC lifted its stake in shares of CSX by 1.4% in the 3rd quarter. Daymark Wealth Partners LLC now owns 33,119 shares of the transportation company’s stock valued at $1,144,000 after purchasing an additional 462 shares in the last quarter. CWM LLC grew its holdings in shares of CSX by 1.0% during the 3rd quarter. CWM LLC now owns 98,249 shares of the transportation company’s stock worth $3,393,000 after purchasing an additional 982 shares during the period. Finally, Wedmont Private Capital grew its holdings in shares of CSX by 6.9% during the 3rd quarter. Wedmont Private Capital now owns 16,760 shares of the transportation company’s stock worth $564,000 after purchasing an additional 1,089 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CSX shares. Barclays reduced their price target on shares of CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Robert W. Baird decreased their price target on shares of CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, January 24th. Stifel Nicolaus cut their price objective on CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Loop Capital downgraded CSX from a “buy” rating to a “hold” rating and decreased their target price for the stock from $40.00 to $34.00 in a research report on Monday, February 3rd. Finally, BMO Capital Markets dropped their target price on CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, January 24th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $37.16.

CSX Stock Performance

Shares of CSX stock opened at $32.59 on Friday. The stock has a market capitalization of $62.85 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 1.90 and a beta of 1.23. CSX Co. has a one year low of $31.43 and a one year high of $40.12. The company’s 50-day simple moving average is $33.02 and its 200-day simple moving average is $33.86. 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 (NASDAQ:CSX) last released 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 return on equity of 28.15% and a net margin of 23.95%. Equities analysts anticipate that CSX Co. will post 1.88 earnings per share for the current fiscal 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.