CSX Co. (NASDAQ:CSX) Stock Holdings Boosted by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC increased its position in CSX Co. (NASDAQ:CSX) by 9.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 137,792 shares of the transportation company’s stock after acquiring an additional 12,072 shares during the period. Kestra Private Wealth Services LLC’s holdings in CSX were worth $4,447,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. CWM LLC increased its holdings in shares of CSX by 1.0% during the third quarter. CWM LLC now owns 98,249 shares of the transportation company’s stock valued at $3,393,000 after purchasing an additional 982 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its stake in CSX by 389.7% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 21,805 shares of the transportation company’s stock valued at $753,000 after buying an additional 17,352 shares during the period. Exchange Traded Concepts LLC raised its position in shares of CSX by 255.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 7,505 shares of the transportation company’s stock worth $259,000 after buying an additional 5,396 shares in the last quarter. CHICAGO TRUST Co NA lifted its stake in shares of CSX by 2.6% in the 3rd quarter. CHICAGO TRUST Co NA now owns 20,718 shares of the transportation company’s stock worth $715,000 after acquiring an additional 532 shares during the period. Finally, Koshinski Asset Management Inc. boosted its holdings in shares of CSX by 2.3% in the third quarter. Koshinski Asset Management Inc. now owns 15,000 shares of the transportation company’s stock valued at $518,000 after acquiring an additional 331 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CSX. Barclays dropped their target price on CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Stifel Nicolaus cut their price objective on CSX from $39.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Royal Bank of Canada lowered their target price on CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a report on Friday, January 24th. Benchmark reissued a “buy” rating and issued a $38.00 price target on shares of CSX in a report on Monday, January 27th. Finally, Evercore ISI lowered their price objective on shares of CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $37.16.

CSX Stock Performance

Shares of CSX stock opened at $33.08 on Tuesday. The stock’s fifty day simple moving average is $32.94 and its 200-day simple moving average is $33.85. The company has a market capitalization of $63.79 billion, a price-to-earnings ratio of 18.48, a P/E/G ratio of 1.91 and a beta of 1.23. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. CSX Co. has a 1-year low of $31.43 and a 1-year high of $40.12.

CSX (NASDAQ:CSX) last issued its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share 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%. On average, sell-side analysts predict that CSX Co. will post 1.86 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.