12,280 Shares in CSX Co. (NASDAQ:CSX) Bought by Outlook Wealth Advisors LLC

Outlook Wealth Advisors LLC purchased a new stake in shares of CSX Co. (NASDAQ:CSX) during the fourth quarter, Holdings Channel reports. The fund purchased 12,280 shares of the transportation company’s stock, valued at approximately $396,000.

A number of other large investors have also recently bought and sold shares of CSX. Envestnet Asset Management Inc. boosted its stake in CSX by 2.3% during the second quarter. Envestnet Asset Management Inc. now owns 2,603,301 shares of the transportation company’s stock worth $87,080,000 after acquiring an additional 59,033 shares in the last quarter. WINTON GROUP Ltd raised its holdings in shares of CSX by 90.7% during the second quarter. WINTON GROUP Ltd now owns 21,016 shares of the transportation company’s stock valued at $703,000 after purchasing an additional 9,995 shares during the period. Brown Brothers Harriman & Co. boosted its position in shares of CSX by 38.0% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 25,998 shares of the transportation company’s stock worth $870,000 after purchasing an additional 7,158 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of CSX by 23.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,811,600 shares of the transportation company’s stock valued at $94,048,000 after buying an additional 538,484 shares during the period. Finally, One Capital Management LLC bought a new stake in CSX in the 2nd quarter valued at about $637,000. 73.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Wells Fargo & Company cut their price target on CSX from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Thursday, October 17th. Citigroup boosted their price target on shares of CSX from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Barclays upped their price objective on shares of CSX from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Jefferies Financial Group raised shares of 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. Finally, Loop Capital dropped their price target on shares of CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, CSX has an average rating of “Moderate Buy” and a consensus target price of $38.67.

CSX Trading Up 1.0 %

CSX stock opened at $32.46 on Thursday. CSX Co. has a fifty-two week low of $31.43 and a fifty-two week high of $40.12. The firm’s fifty day moving average price is $34.03 and its 200-day moving average price is $33.98. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39. The stock has a market cap of $62.60 billion, a P/E ratio of 17.45, a PEG ratio of 2.21 and a beta of 1.20.

CSX (NASDAQ:CSX) last issued its quarterly 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 business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.68 billion. CSX had a net margin of 24.77% and a return on equity of 28.92%. The business’s revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 EPS. Equities research analysts forecast that CSX Co. will post 1.84 earnings per share for the current fiscal year.

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.