Patrick M Sweeney & Associates Inc. Boosts Stock Position in CSX Co. (NASDAQ:CSX)

Patrick M Sweeney & Associates Inc. boosted its holdings in shares of CSX Co. (NASDAQ:CSX) by 1.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,827 shares of the transportation company’s stock after purchasing an additional 313 shares during the quarter. CSX makes up approximately 1.2% of Patrick M Sweeney & Associates Inc.’s holdings, making the stock its 29th largest holding. Patrick M Sweeney & Associates Inc.’s holdings in CSX were worth $1,027,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CSX. Valley Wealth Managers Inc. increased its holdings in shares of 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 during the last quarter. Morton Brown Family Wealth LLC bought a new stake in shares of CSX in the 3rd quarter valued at approximately $31,000. Addison Advisors LLC increased its holdings in shares of CSX by 348.5% in the 3rd quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock valued at $36,000 after acquiring an additional 812 shares during the last quarter. Fortitude Family Office LLC increased its holdings in shares of CSX by 43.4% in 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, Jamison Private Wealth Management Inc. increased its holdings in shares of CSX by 33.7% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 1,253 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 316 shares during the last quarter. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Loop Capital lowered their price target on CSX from $43.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Stephens restated an “overweight” rating and set a $38.00 price objective on shares of CSX in a research report on Friday. JPMorgan Chase & Co. reduced their price objective on CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Friday. Barclays reduced their price objective on CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Friday. Finally, BMO Capital Markets reduced their price objective on CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $37.58.

CSX Stock Up 2.9 %

Shares of CSX stock opened at $33.64 on Tuesday. The stock’s fifty day moving average is $33.53 and its 200-day moving average is $33.96. The firm has a market capitalization of $64.87 billion, a PE ratio of 18.09, a price-to-earnings-growth ratio of 2.06 and a beta of 1.22. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43. CSX Co. has a 12-month low of $31.43 and a 12-month high of $40.12.

CSX (NASDAQ:CSX) last announced 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 return on equity of 28.92% and a net margin of 24.77%. Equities analysts anticipate that CSX Co. will post 1.83 earnings per share 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.