Chronos Wealth Management LLC Buys 750 Shares of CSX Co. (NASDAQ:CSX)

Chronos Wealth Management LLC raised its stake in shares of CSX Co. (NASDAQ:CSX) by 4.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,685 shares of the transportation company’s stock after acquiring an additional 750 shares during the quarter. CSX makes up about 0.3% of Chronos Wealth Management LLC’s portfolio, making the stock its 29th biggest position. Chronos Wealth Management LLC’s holdings in CSX were worth $538,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Perpetual Ltd purchased a new position in CSX in the 4th quarter valued at about $83,301,000. Assenagon Asset Management S.A. increased its position in shares of CSX by 318.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,270,966 shares of the transportation company’s stock valued at $112,946,000 after purchasing an additional 2,489,329 shares during the last quarter. FMR LLC lifted its stake in CSX by 10.2% during the third quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock worth $539,112,000 after purchasing an additional 1,447,651 shares during the last quarter. KBC Group NV grew its holdings in shares of CSX by 616.4% during the fourth quarter. KBC Group NV now owns 1,114,542 shares of the transportation company’s stock worth $35,966,000 after purchasing an additional 958,957 shares during the last quarter. Finally, Svenska Handelsbanken AB publ purchased a new stake in shares of CSX in the third quarter valued at about $31,018,000. 73.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CSX has been the subject of a number of research analyst reports. Royal Bank of Canada dropped their target price on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a report on Friday, January 24th. Jefferies Financial Group raised CSX from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Friday, January 10th. Barclays reduced their target price on CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Loop Capital cut CSX from a “buy” rating to a “hold” rating and cut their target price for the company from $40.00 to $34.00 in a research note on Monday, February 3rd. Finally, Evercore ISI decreased their price target on CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $37.16.

CSX Price Performance

Shares of NASDAQ CSX opened at $32.59 on Friday. 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 firm has a market capitalization of $62.85 billion, a P/E ratio of 18.21, a PEG ratio of 1.90 and a beta of 1.23. The company’s fifty day moving average is $33.02 and its two-hundred day moving average is $33.86. CSX Co. has a one year low of $31.43 and a one year high of $40.12.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share 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 forecast that CSX Co. will post 1.88 EPS for the current fiscal 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.