Greenfield Savings Bank Acquires 4,198 Shares of CSX Co. (NASDAQ:CSX)

Greenfield Savings Bank lifted its stake in CSX Co. (NASDAQ:CSX) by 66.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,495 shares of the transportation company’s stock after purchasing an additional 4,198 shares during the quarter. Greenfield Savings Bank’s holdings in CSX were worth $339,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. acquired a new stake in CSX in the second quarter valued at about $26,000. Valley Wealth Managers Inc. grew its holdings in shares of CSX by 177.8% during the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 480 shares during the last quarter. Morton Brown Family Wealth LLC acquired a new position in CSX during the 3rd quarter worth approximately $31,000. Fairscale Capital LLC bought a new stake in shares of CSX during the second quarter worth $32,000. Finally, Addison Advisors LLC boosted its holdings in shares of CSX by 348.5% during the 3rd quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock valued at $36,000 after acquiring an additional 812 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

Analysts Set New Price Targets

CSX has been the topic of a number of recent research reports. Susquehanna cut their price target on CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Citigroup boosted their price objective on shares of CSX from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Jefferies Financial Group raised 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. Evercore ISI reduced their price target on shares of CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Finally, TD Cowen decreased their price target on shares of CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $38.67.

CSX Trading Up 0.3 %

Shares of CSX stock opened at $31.89 on Tuesday. The firm has a market cap of $61.50 billion, a PE ratio of 17.15, a P/E/G ratio of 2.24 and a beta of 1.22. CSX Co. has a 1 year low of $31.43 and a 1 year high of $40.12. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23. The stock has a fifty day moving average price of $34.06 and a 200-day moving average price of $33.99.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.68 billion. During the same period in the prior year, the firm posted $0.42 EPS. The business’s revenue was up 1.3% on a year-over-year basis. Equities research analysts anticipate that CSX Co. will post 1.84 EPS 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.