Soltis Investment Advisors LLC Takes $205,000 Position in CSX Co. (NASDAQ:CSX)

Soltis Investment Advisors LLC bought a new stake in shares of CSX Co. (NASDAQ:CSX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,348 shares of the transportation company’s stock, valued at approximately $205,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. State Street Corp increased its position in CSX by 0.6% during the 3rd quarter. State Street Corp now owns 82,250,713 shares of the transportation company’s stock valued at $2,840,117,000 after purchasing an additional 455,258 shares during the period. Geode Capital Management LLC boosted its position in CSX by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 40,906,826 shares of the transportation company’s stock valued at $1,407,087,000 after acquiring an additional 190,346 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of CSX by 3.6% during the third quarter. Fisher Asset Management LLC now owns 24,656,931 shares of the transportation company’s stock valued at $851,404,000 after purchasing an additional 857,302 shares in the last quarter. FMR LLC boosted its holdings in shares of CSX by 10.2% during the 3rd quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock valued at $539,112,000 after buying an additional 1,447,651 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of CSX by 6.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,745,972 shares of the transportation company’s stock worth $440,118,000 after buying an additional 737,221 shares during the period. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on CSX. Loop Capital lowered shares of CSX from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $40.00 to $34.00 in a research note on Monday, February 3rd. Citigroup dropped their price target on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Robert W. Baird reduced their price objective on CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, January 24th. Barclays dropped their target price on CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Finally, Royal Bank of Canada reduced their price target on CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a report on Friday, January 24th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CSX has a consensus rating of “Moderate Buy” and a consensus target price of $37.16.

CSX Stock Up 0.1 %

Shares of CSX stock opened at $33.11 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. CSX Co. has a twelve month low of $31.43 and a twelve month high of $40.12. The company has a market cap of $63.85 billion, a price-to-earnings ratio of 18.50, a price-to-earnings-growth ratio of 1.91 and a beta of 1.23. The company’s 50 day moving average is $32.88 and its 200 day moving average is $33.85.

CSX (NASDAQ:CSX) last released its quarterly 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 net margin of 23.95% and a return on equity of 28.15%. Research analysts anticipate that CSX Co. will post 1.86 EPS for the current year.

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.