Stephens Inc. AR Has $3.70 Million Stock Position in CSX Co. (NASDAQ:CSX)

Stephens Inc. AR increased its stake in shares of CSX Co. (NASDAQ:CSX) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 114,490 shares of the transportation company’s stock after acquiring an additional 1,769 shares during the quarter. Stephens Inc. AR’s holdings in CSX were worth $3,695,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Quotient Wealth Partners LLC bought a new stake in shares of CSX during the fourth quarter valued at approximately $212,000. Empowered Funds LLC boosted its stake in CSX by 6.7% during the fourth quarter. Empowered Funds LLC now owns 202,140 shares of the transportation company’s stock worth $6,523,000 after buying an additional 12,774 shares in the last quarter. Kingsview Wealth Management LLC increased its holdings in CSX by 5.3% in the 4th quarter. Kingsview Wealth Management LLC now owns 55,167 shares of the transportation company’s stock valued at $1,780,000 after buying an additional 2,756 shares during the period. Chronos Wealth Management LLC raised its stake in shares of CSX by 4.7% in the 4th quarter. Chronos Wealth Management LLC now owns 16,685 shares of the transportation company’s stock valued at $538,000 after buying an additional 750 shares in the last quarter. Finally, Apollon Wealth Management LLC lifted its holdings in shares of CSX by 30.3% during the 4th quarter. Apollon Wealth Management LLC now owns 69,044 shares of the transportation company’s stock worth $2,228,000 after acquiring an additional 16,050 shares during the period. 73.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. BMO Capital Markets lowered their target price on shares of CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, January 24th. Benchmark reissued a “buy” rating and issued a $38.00 target price on shares of CSX in a report on Monday, January 27th. Susquehanna decreased their price target on CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. lowered their price target on CSX from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Finally, Citigroup cut their price objective on CSX from $40.00 to $39.00 and set a “buy” rating for the company in a report on Friday, January 24th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, CSX currently has an average rating of “Moderate Buy” and a consensus price target of $37.16.

CSX Stock Performance

CSX stock opened at $33.08 on Tuesday. 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. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. The stock has a market capitalization of $63.79 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 1.91 and a beta of 1.23.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. Analysts forecast that CSX Co. will post 1.86 EPS for the current 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.