AAFMAA Wealth Management & Trust LLC Increases Holdings in CSX Co. (NASDAQ:CSX)

AAFMAA Wealth Management & Trust LLC lifted its position in CSX Co. (NASDAQ:CSX) by 3.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 64,278 shares of the transportation company’s stock after buying an additional 2,055 shares during the period. AAFMAA Wealth Management & Trust LLC’s holdings in CSX were worth $2,074,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of CSX. Valley Wealth Managers Inc. grew its position 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 acquiring an additional 480 shares during the period. Itau Unibanco Holding S.A. purchased a new position in CSX during the second quarter valued at $26,000. Fairscale Capital LLC purchased a new stake in CSX in the second quarter worth about $32,000. Morton Brown Family Wealth LLC bought a new position in shares of CSX in the third quarter worth about $31,000. Finally, Addison Advisors LLC lifted its position 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 buying an additional 812 shares in the last quarter. Institutional investors own 73.57% of the company’s stock.

CSX Price Performance

NASDAQ:CSX opened at $31.89 on Tuesday. The firm has a market capitalization of $61.50 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 2.24 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. The business has a 50 day simple moving average of $34.06 and a 200-day simple moving average of $33.99. CSX Co. has a 1 year low of $31.43 and a 1 year high of $40.12.

CSX (NASDAQ:CSX) last posted its quarterly earnings data 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). CSX had a net margin of 24.77% and a return on equity of 28.92%. The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.68 billion. During the same quarter last year, the firm earned $0.42 EPS. The company’s revenue was up 1.3% on a year-over-year basis. Equities analysts forecast that CSX Co. will post 1.84 EPS for the current year.

Analyst Upgrades and Downgrades

CSX has been the subject of a number of recent analyst reports. Evercore ISI dropped their price target on shares of CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Citigroup increased their price target on CSX from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Stephens lowered their price objective on CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Stifel Nicolaus cut their target price on CSX from $39.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Finally, Susquehanna lowered their price target on CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.67.

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.