Capital Asset Advisory Services LLC Has $468,000 Stock Holdings in CSX Co. (NASDAQ:CSX)

Capital Asset Advisory Services LLC increased its holdings in shares of CSX Co. (NASDAQ:CSX) by 23.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,458 shares of the transportation company’s stock after acquiring an additional 2,761 shares during the period. Capital Asset Advisory Services LLC’s holdings in CSX were worth $468,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Novare Capital Management LLC acquired a new stake in CSX during the fourth quarter valued at approximately $8,648,000. Crescent Grove Advisors LLC acquired a new stake in CSX in the 4th quarter valued at $484,000. Marshall Financial Group LLC bought a new stake in CSX in the fourth quarter valued at $1,084,000. First Citizens Bank & Trust Co. raised its stake in CSX by 5.2% during the fourth quarter. First Citizens Bank & Trust Co. now owns 16,982 shares of the transportation company’s stock worth $548,000 after acquiring an additional 836 shares in the last quarter. Finally, Stewardship Advisors LLC bought a new position in shares of CSX during the fourth quarter valued at $204,000. Institutional investors own 73.57% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CSX shares. Jefferies Financial Group raised shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Friday, January 10th. Citigroup dropped their price objective on shares of CSX from $40.00 to $39.00 and set a “buy” rating for the company in a report on Friday. Robert W. Baird reduced their target price on CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday. Loop Capital dropped their price target on CSX from $43.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Finally, Susquehanna reduced their price objective on CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $37.58.

CSX Stock Performance

Shares of CSX stock opened at $33.64 on Tuesday. The stock has a 50-day moving average of $33.53 and a 200-day moving average of $33.96. CSX Co. has a one year low of $31.43 and a one year high of $40.12. The stock has a market cap of $64.87 billion, a PE ratio of 18.09, a price-to-earnings-growth ratio of 2.06 and a beta of 1.22. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23.

CSX (NASDAQ:CSX) last posted its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share 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, sell-side analysts expect that CSX Co. will post 1.83 earnings per share for the current year.

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.