McGlone Suttner Wealth Management Inc. Grows Stock Position in CSX Co. (NASDAQ:CSX)

McGlone Suttner Wealth Management Inc. raised its holdings in CSX Co. (NASDAQ:CSX) by 15.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,725 shares of the transportation company’s stock after buying an additional 2,526 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in CSX were worth $604,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Valley Wealth Managers Inc. grew its position in CSX by 177.8% during the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 480 shares during the period. Morton Brown Family Wealth LLC purchased a new stake in shares of CSX during the 3rd quarter worth about $31,000. Addison Advisors LLC increased its position in CSX by 348.5% during the 3rd quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock worth $36,000 after purchasing an additional 812 shares in the last quarter. Fortitude Family Office LLC raised its holdings in CSX by 43.4% in the third quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock valued at $38,000 after buying an additional 336 shares during the period. Finally, Jamison Private Wealth Management Inc. raised its holdings in CSX by 33.7% in the third quarter. Jamison Private Wealth Management Inc. now owns 1,253 shares of the transportation company’s stock valued at $43,000 after buying an additional 316 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Stock Up 1.3 %

NASDAQ:CSX opened at $33.67 on Friday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39. The company has a market capitalization of $64.93 billion, a price-to-earnings ratio of 18.10, a price-to-earnings-growth ratio of 2.06 and a beta of 1.22. CSX Co. has a one year low of $31.43 and a one year high of $40.12. The stock has a 50-day simple moving average of $33.62 and a 200 day simple moving average of $33.95.

CSX (NASDAQ:CSX) last issued its earnings results 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%. Sell-side analysts predict that CSX Co. will post 1.83 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Barclays dropped their price objective on shares of CSX from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Evercore ISI decreased their target price on CSX from $38.00 to $37.00 and set an “outperform” rating for the company 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 on the stock in a report on Thursday, October 17th. Stephens reduced their price target on CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Finally, Royal Bank of Canada lowered their price objective on shares of CSX from $36.00 to $35.00 and set a “sector perform” rating for the company in a research report on Thursday, October 17th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, CSX currently has an average rating of “Moderate Buy” and a consensus price target of $38.61.

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.