McLean Asset Management Corp Has $440,000 Stock Holdings in CSX Co. (NASDAQ:CSX)

McLean Asset Management Corp grew its position in CSX Co. (NASDAQ:CSX) by 8.6% during the 4th quarter, HoldingsChannel reports. The firm owned 13,648 shares of the transportation company’s stock after purchasing an additional 1,076 shares during the quarter. McLean Asset Management Corp’s holdings in CSX were worth $440,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Valley Wealth Managers Inc. raised its holdings in shares of 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 during the period. Morton Brown Family Wealth LLC acquired a new stake in shares of CSX during the third quarter worth $31,000. Addison Advisors LLC raised its holdings in shares of CSX by 348.5% during the third 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 holdings in shares of CSX by 43.4% during the third quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock worth $38,000 after acquiring an additional 336 shares during the period. Finally, Jamison Private Wealth Management Inc. raised its holdings in shares of CSX by 33.7% during the third quarter. Jamison Private Wealth Management Inc. now owns 1,253 shares of the transportation company’s stock worth $43,000 after acquiring an additional 316 shares during the period. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Price Performance

Shares of NASDAQ:CSX opened at $32.69 on Monday. The firm has a 50 day moving average of $33.53 and a 200-day moving average of $33.96. The stock has a market capitalization of $63.04 billion, a PE ratio of 17.58, a PEG ratio of 2.06 and a beta of 1.22. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. CSX Co. has a 12 month low of $31.43 and a 12 month high of $40.12.

CSX (NASDAQ:CSX) last issued its 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 net margin of 24.77% and a return on equity of 28.92%. On average, equities research analysts predict that CSX Co. will post 1.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of CSX from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Friday. Barclays decreased their target price on shares of CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Friday. Susquehanna decreased their target price on shares of CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Raymond James reaffirmed an “outperform” rating and issued a $37.00 target price (down previously from $38.00) on shares of CSX in a research report on Friday. Finally, Evercore ISI decreased their target price on shares of CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $37.68.

CSX Company 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.