DAVENPORT & Co LLC Grows Stock Holdings in CSX Co. (NASDAQ:CSX)

DAVENPORT & Co LLC grew its holdings in shares of CSX Co. (NASDAQ:CSX) by 4.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 172,183 shares of the transportation company’s stock after acquiring an additional 8,098 shares during the period. DAVENPORT & Co LLC’s holdings in CSX were worth $5,556,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Valley Wealth Managers Inc. lifted its holdings in shares of CSX by 177.8% during the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 480 shares during the last quarter. Morton Brown Family Wealth LLC purchased a new position in shares of CSX during the third quarter valued at approximately $31,000. Addison Advisors LLC lifted its holdings 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 last quarter. Fortitude Family Office LLC lifted its holdings in shares of CSX by 43.4% during the third quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 336 shares during the last quarter. Finally, Synergy Asset Management LLC bought a new stake in shares of CSX during the fourth quarter valued at approximately $41,000. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

CSX Stock Down 1.1 %

Shares of NASDAQ CSX opened at $32.51 on Tuesday. The firm’s 50-day moving average price is $33.33 and its 200-day moving average price is $33.90. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $62.69 billion, a price-to-earnings ratio of 18.16, a P/E/G ratio of 1.90 and a beta of 1.23. CSX Co. has a 12-month low of $31.43 and a 12-month high of $40.12.

CSX (NASDAQ:CSX) last issued its quarterly earnings results 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 net margin of 23.95% and a return on equity of 28.15%. On average, equities research analysts anticipate that CSX Co. will post 1.88 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on CSX. Susquehanna reduced their price target on shares of CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company reduced their price target on shares of CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Robert W. Baird reduced their price target on shares of CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, January 24th. Royal Bank of Canada reduced their price target on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a research report on Friday, January 24th. Finally, Evercore ISI reduced their price target on shares of CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $37.16.

CSX 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.