Stewardship Advisors LLC Purchases Shares of 6,318 CSX Co. (NASDAQ:CSX)

Stewardship Advisors LLC acquired a new stake in shares of CSX Co. (NASDAQ:CSX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,318 shares of the transportation company’s stock, valued at approximately $204,000.

Other large investors have also recently made changes to their positions in the company. State Street Corp increased its stake in CSX by 0.6% in the 3rd quarter. State Street Corp now owns 82,250,713 shares of the transportation company’s stock worth $2,840,117,000 after acquiring an additional 455,258 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of CSX by 0.5% in the third quarter. Geode Capital Management LLC now owns 40,906,826 shares of the transportation company’s stock valued at $1,407,087,000 after purchasing an additional 190,346 shares in the last quarter. Fisher Asset Management LLC increased its position in CSX by 3.6% in the third quarter. Fisher Asset Management LLC now owns 24,656,931 shares of the transportation company’s stock worth $851,404,000 after purchasing an additional 857,302 shares during the last quarter. FMR LLC raised its stake in CSX by 10.2% during the third quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock valued at $539,112,000 after purchasing an additional 1,447,651 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in CSX by 6.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,745,972 shares of the transportation company’s stock valued at $440,118,000 after purchasing an additional 737,221 shares during the last quarter. 73.57% of the stock is owned by institutional investors.

Analyst Ratings Changes

CSX has been the topic of a number of research reports. Stephens restated an “overweight” rating and issued a $38.00 target price on shares of CSX in a report on Friday. Evercore ISI decreased their price objective on CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. TD Cowen dropped their target price on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a report on Thursday, October 17th. BMO Capital Markets cut their target price on CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Royal Bank of Canada dropped their price objective on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a research note on Friday. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.68.

CSX Stock Performance

Shares of NASDAQ:CSX opened at $32.69 on Friday. The firm’s 50 day simple moving average is $33.53 and its 200-day simple moving average is $33.94. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39. CSX Co. has a one year low of $31.43 and a one year high of $40.12. 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.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 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%. As a group, equities 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.