CSX Co. (NASDAQ:CSX) Stake Raised by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC raised its holdings in shares of CSX Co. (NASDAQ:CSX) by 37.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,273 shares of the transportation company’s stock after acquiring an additional 35,206 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in CSX were worth $4,204,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. West Branch Capital LLC increased its stake in CSX by 3.3% in the 4th quarter. West Branch Capital LLC now owns 10,317 shares of the transportation company’s stock valued at $333,000 after buying an additional 332 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of CSX by 1.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,061,143 shares of the transportation company’s stock valued at $34,243,000 after acquiring an additional 20,073 shares in the last quarter. Bourgeon Capital Management LLC increased its stake in shares of CSX by 1.6% in the fourth quarter. Bourgeon Capital Management LLC now owns 328,024 shares of the transportation company’s stock worth $10,585,000 after acquiring an additional 5,297 shares during the last quarter. Lockerman Financial Group Inc. raised its holdings in shares of CSX by 9.2% during the fourth quarter. Lockerman Financial Group Inc. now owns 8,330 shares of the transportation company’s stock worth $269,000 after acquiring an additional 702 shares in the last quarter. Finally, Clear Harbor Asset Management LLC boosted its position in CSX by 32.8% during the fourth quarter. Clear Harbor Asset Management LLC now owns 24,349 shares of the transportation company’s stock valued at $786,000 after purchasing an additional 6,019 shares during the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Stock Performance

NASDAQ:CSX opened at $33.67 on Friday. The firm’s 50-day moving average is $33.62 and its 200-day moving average is $33.95. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39. The company has a market cap of $64.93 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 2.05 and a beta of 1.22. CSX Co. has a 52-week low of $31.43 and a 52-week high of $40.12.

CSX (NASDAQ:CSX) last released 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 return on equity of 28.92% and a net margin of 24.77%. Equities research analysts anticipate that CSX Co. will post 1.83 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on CSX shares. Loop Capital dropped their target price on CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. TD Cowen dropped their price objective on CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. BMO Capital Markets reduced their target price on shares of CSX from $40.00 to $39.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Evercore ISI dropped their price target on shares of CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Finally, Susquehanna reduced their price objective on shares of CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company 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.