CSX Co. (NASDAQ:CSX) Shares Bought by Bourgeon Capital Management LLC

Bourgeon Capital Management LLC lifted its holdings in shares of CSX Co. (NASDAQ:CSX) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 328,024 shares of the transportation company’s stock after buying an additional 5,297 shares during the period. CSX makes up about 2.0% of Bourgeon Capital Management LLC’s investment portfolio, making the stock its 19th largest holding. Bourgeon Capital Management LLC’s holdings in CSX were worth $10,585,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CSX. Valley Wealth Managers Inc. increased its position in CSX by 177.8% during the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after buying an additional 480 shares during the last quarter. Morton Brown Family Wealth LLC bought a new stake in shares of CSX in the 3rd quarter worth about $31,000. Addison Advisors LLC increased its stake in shares of CSX by 348.5% in the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock valued at $36,000 after buying an additional 812 shares in the last quarter. Fortitude Family Office LLC lifted its position in CSX by 43.4% during the 3rd 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 period. Finally, Jamison Private Wealth Management Inc. grew its holdings in CSX by 33.7% during the third quarter. Jamison Private Wealth Management Inc. now owns 1,253 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 316 shares during the period. 73.57% of the stock is currently owned by institutional investors.

CSX Stock Performance

Shares of CSX opened at $33.27 on Wednesday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23. The firm has a market capitalization of $64.16 billion, a P/E ratio of 17.89, a PEG ratio of 2.02 and a beta of 1.22. CSX Co. has a one year low of $31.43 and a one year high of $40.12. The business has a fifty day moving average of $33.74 and a 200 day moving average of $33.95.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Barclays decreased their price objective on shares of CSX from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. TD Cowen cut their price target on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. Loop Capital lowered their price objective on shares of CSX from $43.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Royal Bank of Canada dropped their target price on CSX from $36.00 to $35.00 and set a “sector perform” rating for the company in a research report on Thursday, October 17th. Finally, BMO Capital Markets decreased their price target on CSX from $40.00 to $39.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $38.65.

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.