Equitable Trust Co. Raises Position in CSX Co. (NASDAQ:CSX)

Equitable Trust Co. raised its holdings in shares of CSX Co. (NASDAQ:CSX) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 169,809 shares of the transportation company’s stock after acquiring an additional 3,132 shares during the quarter. Equitable Trust Co.’s holdings in CSX were worth $5,480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of CSX. Valley Wealth Managers Inc. lifted its stake in shares of CSX by 177.8% during the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock valued at $26,000 after buying an additional 480 shares in the last quarter. Morton Brown Family Wealth LLC purchased a new position in shares of CSX during the 3rd quarter valued at $31,000. Addison Advisors LLC lifted its stake in shares of CSX by 348.5% during 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 in the last quarter. Fortitude Family Office LLC lifted its stake in shares of CSX by 43.4% during 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 in the last quarter. Finally, Wingate Wealth Advisors Inc. purchased a new position in shares of CSX during the 4th quarter valued at $39,000. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Trading Down 0.5 %

Shares of CSX stock opened at $32.59 on Monday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. The stock has a market capitalization of $62.85 billion, a P/E ratio of 18.21, a price-to-earnings-growth ratio of 1.91 and a beta of 1.23. The company has a 50 day moving average price of $32.94 and a 200 day moving average price of $33.85. CSX Co. has a fifty-two week low of $31.43 and a fifty-two week high of $40.12.

CSX (NASDAQ:CSX) last posted its quarterly 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 return on equity of 28.15% and a net margin of 23.95%. Equities research analysts predict that CSX Co. will post 1.86 EPS for the current fiscal year.

Analyst Ratings Changes

CSX has been the topic of a number of research reports. Stifel Nicolaus reduced their price target on shares of CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Evercore ISI reduced their price target on shares of CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Citigroup reduced their price target on shares of CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Stephens restated an “overweight” rating and issued a $38.00 target price on shares of CSX in a report on Friday, January 24th. Finally, Wells Fargo & Company reduced their target price on shares of CSX from $36.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $37.16.

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.