CSX Co. (NASDAQ:CSX) Shares Bought by ARS Wealth Advisors Group LLC

ARS Wealth Advisors Group LLC increased its position in CSX Co. (NASDAQ:CSX) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,944 shares of the transportation company’s stock after buying an additional 700 shares during the quarter. ARS Wealth Advisors Group LLC’s holdings in CSX were worth $644,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CSX. Mirae Asset Global Investments Co. Ltd. raised its position in CSX by 20.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 467,399 shares of the transportation company’s stock worth $16,139,000 after acquiring an additional 80,423 shares in the last quarter. Diversified Trust Co raised its holdings in shares of CSX by 180.7% in the 4th quarter. Diversified Trust Co now owns 72,197 shares of the transportation company’s stock worth $2,330,000 after purchasing an additional 46,473 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in CSX by 0.7% during the third quarter. Thrivent Financial for Lutherans now owns 3,374,499 shares of the transportation company’s stock valued at $116,521,000 after purchasing an additional 24,430 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in CSX by 3.4% during the third quarter. Principal Financial Group Inc. now owns 2,348,543 shares of the transportation company’s stock worth $81,095,000 after buying an additional 77,488 shares in the last quarter. Finally, William B. Walkup & Associates Inc. acquired a new position in CSX in the second quarter worth approximately $867,000. Institutional investors own 73.57% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on CSX. Stephens cut their price objective on CSX from $41.00 to $39.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Evercore ISI decreased their price target on CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Susquehanna cut their price objective on CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company decreased their target price on shares of CSX from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Thursday, October 17th. Finally, Citigroup boosted their price target on shares of CSX from $42.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, CSX has a consensus rating of “Moderate Buy” and an average target price of $38.67.

CSX Trading Up 1.0 %

NASDAQ CSX opened at $32.46 on Thursday. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. CSX Co. has a 1-year low of $31.43 and a 1-year high of $40.12. The firm’s fifty day simple moving average is $34.03 and its 200-day simple moving average is $33.98. The company has a market capitalization of $62.60 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 2.21 and a beta of 1.20.

CSX (NASDAQ:CSX) last posted its quarterly earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). The firm had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.68 billion. CSX had a return on equity of 28.92% and a net margin of 24.77%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the business earned $0.42 earnings per share. As a group, sell-side analysts anticipate that CSX Co. will post 1.84 earnings per share for the current fiscal year.

CSX Company 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.