Janney Montgomery Scott LLC Grows Stock Holdings in CSX Co. (NASDAQ:CSX)

Janney Montgomery Scott LLC increased its position in CSX Co. (NASDAQ:CSX) by 69.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,179,081 shares of the transportation company’s stock after buying an additional 482,277 shares during the period. Janney Montgomery Scott LLC owned about 0.06% of CSX worth $38,049,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Avior Wealth Management LLC boosted its position in shares of CSX by 2.5% during the third quarter. Avior Wealth Management LLC now owns 11,790 shares of the transportation company’s stock worth $407,000 after acquiring an additional 293 shares during the last quarter. Lake Street Advisors Group LLC lifted its stake in CSX by 1.8% in the 3rd quarter. Lake Street Advisors Group LLC now owns 17,246 shares of the transportation company’s stock worth $595,000 after purchasing an additional 306 shares in the last quarter. Rehmann Capital Advisory Group boosted its holdings in shares of CSX by 1.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company’s stock valued at $830,000 after purchasing an additional 306 shares during the last quarter. J.W. Cole Advisors Inc. grew its position in shares of CSX by 0.9% during the third quarter. J.W. Cole Advisors Inc. now owns 35,401 shares of the transportation company’s stock valued at $1,222,000 after purchasing an additional 309 shares in the last quarter. Finally, Associated Banc Corp increased its holdings in shares of CSX by 0.6% in the third quarter. Associated Banc Corp now owns 55,534 shares of the transportation company’s stock worth $1,918,000 after purchasing an additional 310 shares during the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on CSX shares. Royal Bank of Canada cut their price target on CSX from $36.00 to $35.00 and set a “sector perform” rating for the company in a report on Thursday, October 17th. Citigroup raised their target price on shares of CSX from $42.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Jefferies Financial Group raised shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Friday, January 10th. Stifel Nicolaus dropped their price objective on shares of CSX from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Finally, Barclays reduced their target price on shares of CSX from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, CSX has a consensus rating of “Moderate Buy” and a consensus target price of $38.65.

CSX Price Performance

CSX stock opened at $33.67 on Friday. 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 stock has a market cap of $64.93 billion, a price-to-earnings ratio of 18.10, a price-to-earnings-growth ratio of 2.05 and a beta of 1.22. The firm has a 50-day moving average of $33.62 and a two-hundred day moving average of $33.95. CSX Co. has a 1 year low of $31.43 and a 1 year high of $40.12.

CSX (NASDAQ:CSX) last announced 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 24.77% and a return on equity of 28.92%. On average, research analysts forecast that CSX Co. will post 1.83 earnings per share 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.