My Legacy Advisors LLC Raises Holdings in CSX Co. (NASDAQ:CSX)

My Legacy Advisors LLC boosted its stake in CSX Co. (NASDAQ:CSX) by 13.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,108 shares of the transportation company’s stock after buying an additional 1,963 shares during the quarter. My Legacy Advisors LLC’s holdings in CSX were worth $555,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Itau Unibanco Holding S.A. acquired a new position in shares of CSX in the second quarter valued at approximately $26,000. Valley Wealth Managers Inc. grew its stake in CSX by 177.8% in 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 during the period. Morton Brown Family Wealth LLC acquired a new position in CSX in the 3rd quarter valued at $31,000. Fairscale Capital LLC purchased a new position in shares of CSX during the 2nd quarter worth $32,000. Finally, Addison Advisors LLC boosted its holdings 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 during the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Stock Down 0.7 %

NASDAQ CSX opened at $32.73 on Friday. The stock has a market cap of $63.12 billion, a PE ratio of 17.60, a P/E/G ratio of 1.93 and a beta of 1.22. The business has a 50 day moving average price of $33.82 and a two-hundred day moving average price of $33.95. CSX Co. has a fifty-two week low of $31.43 and a fifty-two week high of $40.12. 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 (NASDAQ:CSX) last announced its earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.02). CSX had a net margin of 24.77% and a return on equity of 28.92%. The firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.68 billion. During the same quarter last year, the company posted $0.42 earnings per share. CSX’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, sell-side analysts predict that CSX Co. will post 1.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on CSX. Barclays dropped their target price on CSX from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday. Stifel Nicolaus cut their price objective on shares of CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Stephens lowered their target price on shares of CSX from $41.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Wells Fargo & Company cut their price target on shares of CSX from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 17th. Finally, Evercore ISI lowered their price objective on shares of CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $38.65.

CSX Company 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.