Lockerman Financial Group Inc. Acquires 702 Shares of CSX Co. (NASDAQ:CSX)

Lockerman Financial Group Inc. boosted its holdings in CSX Co. (NASDAQ:CSX) by 9.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,330 shares of the transportation company’s stock after buying an additional 702 shares during the period. Lockerman Financial Group Inc.’s holdings in CSX were worth $269,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CSX. Itau Unibanco Holding S.A. bought a new stake in shares of CSX in the second quarter valued at about $26,000. Valley Wealth Managers Inc. raised its holdings in CSX by 177.8% in the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 480 shares in the last quarter. Morton Brown Family Wealth LLC bought a new stake in shares of CSX in the 3rd quarter worth approximately $31,000. Fairscale Capital LLC acquired a new stake in shares of CSX during the 2nd quarter worth approximately $32,000. Finally, Addison Advisors LLC increased its position 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 valued at $36,000 after purchasing an additional 812 shares during the period. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Trading Down 0.7 %

CSX opened at $32.73 on Tuesday. CSX Co. has a fifty-two week low of $31.43 and a fifty-two week high of $40.12. The company has a market cap of $63.12 billion, a price-to-earnings ratio of 17.60, a price-to-earnings-growth ratio of 2.02 and a beta of 1.22. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23. The firm has a 50 day simple moving average of $33.82 and a 200 day simple moving average of $33.96.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CSX shares. Susquehanna reduced their target price on CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Evercore ISI decreased their target price on shares of CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Loop Capital dropped their price target on shares of CSX from $43.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Barclays decreased their price objective on CSX from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday. Finally, TD Cowen dropped their target price on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a report on Thursday, October 17th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, CSX presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.65.

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.