Golden State Wealth Management LLC Takes Position in CSX Co. (NASDAQ:CSX)

Golden State Wealth Management LLC acquired a new position in shares of CSX Co. (NASDAQ:CSX) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,663 shares of the transportation company’s stock, valued at approximately $118,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Valley Wealth Managers Inc. boosted its position in 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 last quarter. Morton Brown Family Wealth LLC purchased a new position in CSX in the 3rd quarter worth approximately $31,000. Addison Advisors LLC lifted its position in 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 in the last quarter. Fortitude Family Office LLC boosted its position 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 acquiring an additional 336 shares during the last quarter. Finally, Synergy Asset Management LLC acquired a new position in CSX in the 4th quarter valued at about $41,000. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Stock Down 0.5 %

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

CSX (NASDAQ:CSX) last posted its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (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%. Equities research analysts forecast that CSX Co. will post 1.86 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on CSX shares. Royal Bank of Canada reduced their target price on CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research report on Friday, January 24th. Stifel Nicolaus decreased their price target on CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Benchmark reiterated a “buy” rating and issued a $38.00 target price on shares of CSX in a report on Monday, January 27th. Barclays lowered their target price on shares of CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Finally, TD Cowen dropped their price target on shares of CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, CSX has a consensus rating of “Moderate Buy” and an average price target 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.