30,772 Shares in CSX Co. (NASDAQ:CSX) Purchased by Consolidated Portfolio Review Corp

Consolidated Portfolio Review Corp bought a new stake in CSX Co. (NASDAQ:CSX) in the fourth quarter, HoldingsChannel.com reports. The fund bought 30,772 shares of the transportation company’s stock, valued at approximately $993,000.

Several other institutional investors also recently made changes to their positions in CSX. Valley Wealth Managers Inc. boosted its stake in 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 period. Morton Brown Family Wealth LLC bought a new stake in shares of CSX during the third quarter valued at approximately $31,000. Addison Advisors LLC boosted its position in shares of CSX by 348.5% during the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock worth $36,000 after buying an additional 812 shares during the period. Fortitude Family Office LLC boosted its position in shares of CSX by 43.4% during 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 during the period. Finally, Synergy Asset Management LLC bought a new position in CSX in the 4th quarter worth approximately $41,000. 73.57% of the stock is owned by institutional investors.

CSX Trading Down 0.5 %

Shares of NASDAQ CSX opened at $32.59 on Friday. The company has a quick ratio of 1.23, a current ratio of 0.86 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. The company has a market cap of $62.85 billion, a price-to-earnings ratio of 18.21, a P/E/G ratio of 1.90 and a beta of 1.23. The business has a fifty day simple moving average of $33.02 and a 200-day simple moving average of $33.86.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. Sell-side analysts predict that CSX Co. will post 1.88 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on CSX. Barclays cut their target price on CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Loop Capital downgraded shares of CSX from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $40.00 to $34.00 in a report on Monday, February 3rd. Robert W. Baird lowered their target price on shares of CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, January 24th. Royal Bank of Canada reduced their price target 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, January 24th. Finally, Stephens reiterated an “overweight” rating and set a $38.00 price objective on shares of CSX in a research note on Friday, January 24th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, CSX has an average rating of “Moderate Buy” and a consensus target price of $37.16.

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.