Jacobs & Co. CA Purchases 3,696 Shares of CSX Co. (NASDAQ:CSX)

Jacobs & Co. CA increased its stake in CSX Co. (NASDAQ:CSX) by 0.9% during the 4th quarter, Holdings Channel reports. The firm owned 402,755 shares of the transportation company’s stock after purchasing an additional 3,696 shares during the quarter. CSX comprises approximately 1.3% of Jacobs & Co. CA’s portfolio, making the stock its 23rd biggest holding. Jacobs & Co. CA’s holdings in CSX were worth $12,996,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Avior Wealth Management LLC raised its holdings in shares of CSX by 2.5% during 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 lifted its holdings 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 acquiring an additional 306 shares during the last quarter. Rehmann Capital Advisory Group increased its stake in CSX by 1.3% during the third quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company’s stock worth $830,000 after acquiring an additional 306 shares during the last quarter. J.W. Cole Advisors Inc. increased its stake in CSX by 0.9% during the third quarter. J.W. Cole Advisors Inc. now owns 35,401 shares of the transportation company’s stock worth $1,222,000 after acquiring an additional 309 shares during the last quarter. Finally, Associated Banc Corp lifted its stake in shares of CSX by 0.6% in 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. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Stock Down 0.9 %

Shares of CSX stock traded down $0.29 during trading on Friday, reaching $31.91. The company’s stock had a trading volume of 7,693,819 shares, compared to its average volume of 12,489,960. The company has a 50-day simple moving average of $34.12 and a two-hundred day simple moving average of $33.99. CSX Co. has a 1-year low of $31.43 and a 1-year high of $40.12. The company has a market cap of $61.54 billion, a price-to-earnings ratio of 17.16, a P/E/G ratio of 2.24 and a beta of 1.22. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX) last issued its earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). The firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.68 billion. CSX had a return on equity of 28.92% and a net margin of 24.77%. The business’s revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the business earned $0.42 EPS. As a group, equities analysts forecast that CSX Co. will post 1.84 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Barclays increased their price target on CSX from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Jefferies Financial Group upgraded CSX from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Friday. TD Cowen dropped their price objective on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a report on Thursday, October 17th. Wells Fargo & Company cut their price objective on CSX from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 17th. Finally, Loop Capital lowered their target price on shares of CSX from $43.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $38.67.

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.