CSX Co. (NASDAQ:CSX) Stock Position Raised by Pflug Koory LLC

Pflug Koory LLC lifted 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 & Exchange Commission. The firm owned 47,892 shares of the transportation company’s stock after purchasing an additional 750 shares during the period. Pflug Koory LLC’s holdings in CSX were worth $1,545,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Public Sector Pension Investment Board grew its position in CSX by 69.3% during the 2nd quarter. Public Sector Pension Investment Board now owns 74,576 shares of the transportation company’s stock worth $2,495,000 after purchasing an additional 30,531 shares in the last quarter. Squarepoint Ops LLC boosted its position in shares of CSX by 300.9% in the second quarter. Squarepoint Ops LLC now owns 538,329 shares of the transportation company’s stock worth $18,007,000 after buying an additional 404,037 shares during the period. AlTi Global Inc. grew its holdings in shares of CSX by 5.2% during the second quarter. AlTi Global Inc. now owns 6,890 shares of the transportation company’s stock valued at $230,000 after buying an additional 342 shares in the last quarter. Daymark Wealth Partners LLC raised its position in CSX by 9.6% during the second quarter. Daymark Wealth Partners LLC now owns 32,657 shares of the transportation company’s stock valued at $1,092,000 after buying an additional 2,860 shares during the period. Finally, Dark Forest Capital Management LP purchased a new stake in CSX in the 2nd quarter worth about $221,000. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Stock Down 2.9 %

Shares of CSX stock opened at $32.69 on Friday. The stock has a 50 day moving average of $33.58 and a 200-day moving average of $33.95. The firm has a market cap of $63.04 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 2.06 and a beta of 1.22. 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 12 month low of $31.43 and a 12 month high of $40.12.

CSX (NASDAQ:CSX) last posted its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate 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 predict that CSX Co. will post 1.83 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Stephens reiterated an “overweight” rating and issued a $38.00 target price on shares of CSX in a report on Friday. Jefferies Financial Group upgraded shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Friday, January 10th. Susquehanna decreased their target price 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. Loop Capital dropped their price target on shares of CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Finally, Wells Fargo & Company reduced their price target on CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, CSX presently has a consensus rating of “Moderate Buy” and a consensus target price 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.