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

Secure Asset Management LLC raised its position in CSX Co. (NASDAQ:CSX) by 2.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,195 shares of the transportation company’s stock after buying an additional 357 shares during the period. Secure Asset Management LLC’s holdings in CSX were worth $555,000 at the end of the most recent reporting period.

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

CSX Trading Down 2.9 %

Shares of NASDAQ CSX opened at $32.69 on Friday. The stock has a fifty day simple moving average of $33.58 and a 200-day simple moving average of $33.95. CSX Co. has a twelve month low of $31.43 and a twelve month high of $40.12. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $63.04 billion, a PE ratio of 17.58, a PEG ratio of 2.06 and a beta of 1.22.

CSX (NASDAQ:CSX) last issued 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 return on equity of 28.92% and a net margin of 24.77%. On average, equities analysts forecast 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 research reports. JPMorgan Chase & Co. decreased their target price on shares of CSX from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday. Robert W. Baird reduced their price objective on CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday. Royal Bank of Canada dropped their target price on CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a report on Friday. BMO Capital Markets reduced their price target on CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Susquehanna dropped their price objective on shares of CSX from $40.00 to $39.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, CSX currently has an average rating of “Moderate Buy” and an average price target of $37.68.

CSX 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.