Wingate Wealth Advisors Inc. Takes $39,000 Position in CSX Co. (NASDAQ:CSX)

Wingate Wealth Advisors Inc. bought a new position in shares of CSX Co. (NASDAQ:CSX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,200 shares of the transportation company’s stock, valued at approximately $39,000.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CSX shares. Benchmark restated a “buy” rating and set a $38.00 target price on shares of CSX in a research report on Monday, January 27th. Susquehanna dropped their price objective on CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Stifel Nicolaus reduced their target price on CSX from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. TD Cowen dropped their price target on shares of CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Finally, Stephens restated an “overweight” rating and set a $38.00 price objective on shares of CSX in a research report on Friday, January 24th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, CSX has a consensus rating of “Moderate Buy” and an average price target of $37.16.

CSX Trading Up 0.1 %

CSX opened at $33.11 on Wednesday. The stock has a market capitalization of $63.85 billion, a PE ratio of 18.50, a P/E/G ratio of 1.91 and a beta of 1.23. CSX Co. has a one year low of $31.43 and a one year high of $40.12. 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 business’s 50 day moving average price is $32.88 and its 200 day moving average price is $33.85.

CSX (NASDAQ:CSX) last issued its quarterly earnings data 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 28.15% and a net margin of 23.95%. As a group, equities research analysts expect that CSX Co. will post 1.86 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.