TCV Trust & Wealth Management Inc. Has $10.66 Million Position in CSX Co. (NASDAQ:CSX)

TCV Trust & Wealth Management Inc. raised its position in CSX Co. (NASDAQ:CSX) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 330,217 shares of the transportation company’s stock after buying an additional 3,301 shares during the quarter. TCV Trust & Wealth Management Inc.’s holdings in CSX were worth $10,656,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CSX. Valley Wealth Managers Inc. increased its position in CSX by 177.8% during the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after purchasing an additional 480 shares in the last quarter. Morton Brown Family Wealth LLC bought a new stake in shares of CSX during the third quarter worth $31,000. Addison Advisors LLC grew its stake 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 buying an additional 812 shares during the last quarter. Fortitude Family Office LLC increased 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 buying an additional 336 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new position in shares of CSX in the 4th quarter valued at $39,000. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Stock Up 0.1 %

CSX stock opened at $33.11 on Wednesday. CSX Co. has a 12-month low of $31.43 and a 12-month high of $40.12. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. The company has a market capitalization of $63.85 billion, a PE ratio of 18.50, a PEG ratio of 1.91 and a beta of 1.23. The firm’s fifty day moving average is $32.88 and its 200 day moving average is $33.85.

CSX (NASDAQ:CSX) last issued 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 net margin of 23.95% and a return on equity of 28.15%. As a group, sell-side analysts predict that CSX Co. will post 1.86 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on CSX. Jefferies Financial Group upgraded 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. Benchmark reaffirmed a “buy” rating and issued a $38.00 price objective on shares of CSX in a research note on Monday, January 27th. Robert W. Baird cut their target price on shares of CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. JPMorgan Chase & Co. decreased their price objective on CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Finally, Evercore ISI cut their target price on CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $37.16.

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.