Commonwealth Financial Services LLC Acquires 702 Shares of CSX Co. (NASDAQ:CSX)

Commonwealth Financial Services LLC boosted its position in CSX Co. (NASDAQ:CSX) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,607 shares of the transportation company’s stock after purchasing an additional 702 shares during the quarter. Commonwealth Financial Services LLC’s holdings in CSX were worth $859,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CSX. Czech National Bank raised its holdings in CSX by 6.0% in the third quarter. Czech National Bank now owns 394,942 shares of the transportation company’s stock worth $13,637,000 after purchasing an additional 22,356 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of CSX by 63.1% in the third quarter. GAMMA Investing LLC now owns 30,306 shares of the transportation company’s stock worth $1,046,000 after acquiring an additional 11,730 shares during the last quarter. Value Partners Investments Inc. grew its stake in shares of CSX by 7.2% in the third quarter. Value Partners Investments Inc. now owns 58,257 shares of the transportation company’s stock worth $2,012,000 after acquiring an additional 3,894 shares during the last quarter. Threadgill Financial LLC grew its stake in shares of CSX by 1.7% in the third quarter. Threadgill Financial LLC now owns 26,107 shares of the transportation company’s stock worth $901,000 after acquiring an additional 433 shares during the last quarter. Finally, Greenfield Savings Bank purchased a new stake in shares of CSX in the third quarter worth $217,000. Institutional investors own 73.57% of the company’s stock.

CSX Trading Down 1.1 %

Shares of NASDAQ:CSX opened at $32.51 on Tuesday. The stock has a market capitalization of $62.69 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 1.90 and a beta of 1.23. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. The stock’s 50-day simple moving average is $33.33 and its two-hundred day simple moving average is $33.90. CSX Co. has a 52-week low of $31.43 and a 52-week high of $40.12.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. Analysts expect that CSX Co. will post 1.88 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Susquehanna cut their target price on CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Loop Capital cut CSX from a “buy” rating to a “hold” rating and cut their target price for the stock from $40.00 to $34.00 in a research note on Monday. Stephens reissued an “overweight” rating and issued a $38.00 target price on shares of CSX in a research note on Friday, January 24th. Raymond James reaffirmed an “outperform” rating and set a $37.00 price objective (down from $38.00) on shares of CSX in a research report on Friday, January 24th. Finally, Robert W. Baird dropped their price objective on CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $37.16.

CSX Company Profile

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.