Pflug Koory LLC Has $1.55 Million Stock Holdings in CSX Co. (NASDAQ:CSX)

Pflug Koory LLC raised its stake in shares of CSX Co. (NASDAQ:CSX) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,892 shares of the transportation company’s stock after purchasing an additional 750 shares during the quarter. Pflug Koory LLC’s holdings in CSX were worth $1,545,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Valley Wealth Managers Inc. boosted its position in CSX by 177.8% in the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock valued at $26,000 after buying an additional 480 shares in the last quarter. Morton Brown Family Wealth LLC acquired a new position in shares of CSX in the 3rd quarter worth approximately $31,000. Addison Advisors LLC boosted its holdings in shares of CSX by 348.5% in the 3rd quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock worth $36,000 after acquiring an additional 812 shares in the last quarter. Fortitude Family Office LLC grew 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 worth $38,000 after acquiring an additional 336 shares during the last quarter. Finally, Jamison Private Wealth Management Inc. raised its position in CSX by 33.7% in the 3rd 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 last quarter. 73.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Evercore ISI decreased their target price on CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Stephens restated an “overweight” rating and issued a $38.00 price objective on shares of CSX in a research report on Friday. Robert W. Baird reduced their target price on shares of CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday. Wells Fargo & Company lowered their price target on shares of CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday. Finally, Stifel Nicolaus reduced their price objective on CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $37.68.

CSX Trading Down 2.9 %

Shares of NASDAQ CSX opened at $32.69 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43. CSX Co. has a twelve month low of $31.43 and a twelve month high of $40.12. The company’s fifty day moving average is $33.58 and its 200-day moving average is $33.95. The stock has a market cap of $63.04 billion, a price-to-earnings ratio of 17.58, a P/E/G ratio of 2.06 and a beta of 1.22.

CSX (NASDAQ:CSX) last released its quarterly earnings results 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 return on equity of 28.92% and a net margin of 24.77%. Equities research analysts predict that CSX Co. will post 1.83 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.