Stonegate Investment Group LLC Has $325,000 Stake in CSX Co. (NASDAQ:CSX)

Stonegate Investment Group LLC decreased its position in CSX Co. (NASDAQ:CSX) by 23.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,068 shares of the transportation company’s stock after selling 3,096 shares during the quarter. Stonegate Investment Group LLC’s holdings in CSX were worth $325,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Patrick M Sweeney & Associates Inc. grew its position in CSX by 1.0% in the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 31,827 shares of the transportation company’s stock worth $1,027,000 after acquiring an additional 313 shares in the last quarter. Verde Servicos Internacionais S.A. boosted its holdings in CSX by 38.4% in the fourth quarter. Verde Servicos Internacionais S.A. now owns 426,348 shares of the transportation company’s stock worth $13,758,000 after purchasing an additional 118,355 shares in the last quarter. Cascade Investment Advisors Inc. boosted its holdings in CSX by 1.8% in the fourth quarter. Cascade Investment Advisors Inc. now owns 44,521 shares of the transportation company’s stock worth $1,437,000 after purchasing an additional 800 shares in the last quarter. Nilsine Partners LLC increased its position in CSX by 4.4% during the fourth quarter. Nilsine Partners LLC now owns 40,180 shares of the transportation company’s stock worth $1,297,000 after buying an additional 1,690 shares during the last quarter. Finally, Parsons Capital Management Inc. RI raised its holdings in CSX by 20.2% during the fourth quarter. Parsons Capital Management Inc. RI now owns 100,669 shares of the transportation company’s stock valued at $3,249,000 after buying an additional 16,911 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

Analysts Set New Price Targets

CSX has been the subject of several recent analyst reports. BMO Capital Markets decreased their price target on CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, January 24th. Raymond James reaffirmed an “outperform” rating and set a $37.00 target price (down previously from $38.00) on shares of CSX in a research report on Friday, January 24th. Robert W. Baird dropped their price target on shares of CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. Susquehanna decreased their price objective on shares of CSX from $40.00 to $39.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Finally, Loop Capital lowered their target price on shares of CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. 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 company currently has a consensus rating of “Moderate Buy” and an average target price of $37.58.

CSX Stock Performance

Shares of NASDAQ CSX opened at $32.68 on Wednesday. CSX Co. has a one year low of $31.43 and a one year high of $40.12. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The business has a fifty day simple moving average of $33.51 and a 200 day simple moving average of $33.96. The firm has a market capitalization of $63.02 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 2.06 and a beta of 1.22.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 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%. Sell-side analysts expect that CSX Co. will post 1.83 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.