CSX Co. (NASDAQ:CSX) Shares Bought by Secure Asset Management LLC

Secure Asset Management LLC lifted its stake in shares of CSX Co. (NASDAQ:CSX) by 2.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 17,195 shares of the transportation company’s stock after purchasing an additional 357 shares during the period. Secure Asset Management LLC’s holdings in CSX were worth $555,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Valley Wealth Managers Inc. grew its holdings in CSX by 177.8% during the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after acquiring an additional 480 shares in the last quarter. Morton Brown Family Wealth LLC purchased a new stake in shares of CSX during the 3rd quarter worth $31,000. Addison Advisors LLC grew its stake in shares of CSX by 348.5% during the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock worth $36,000 after purchasing an additional 812 shares in the last quarter. Fortitude Family Office LLC increased its holdings in CSX by 43.4% in the third quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock valued at $38,000 after buying an additional 336 shares during the last quarter. Finally, Jamison Private Wealth Management Inc. raised its stake in CSX by 33.7% in the third quarter. Jamison Private Wealth Management Inc. now owns 1,253 shares of the transportation company’s stock valued at $43,000 after buying an additional 316 shares in the last quarter. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

CSX Stock Performance

Shares of CSX opened at $32.69 on Friday. The stock has a market capitalization of $63.04 billion, a P/E ratio of 17.58, a P/E/G ratio of 2.06 and a beta of 1.22. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39. CSX Co. has a 1 year low of $31.43 and a 1 year high of $40.12. The company’s fifty day moving average is $33.58 and its two-hundred day moving average is $33.95.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 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, sell-side analysts predict that CSX Co. will post 1.83 earnings per share for the current year.

Analyst Ratings Changes

CSX has been the topic of a number of recent analyst reports. Stephens reiterated an “overweight” rating and issued a $38.00 price objective on shares of CSX in a report on Friday. Loop Capital dropped their target price on shares of CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Stifel Nicolaus reduced their price target on shares of CSX from $39.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Raymond James reaffirmed an “outperform” rating and set a $37.00 price objective (down previously from $38.00) on shares of CSX in a report on Friday. Finally, JPMorgan Chase & Co. reduced their target price on CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Friday. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.68.

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.