Alhambra Investment Management LLC Has $268,000 Stock Position in CSX Co. (NASDAQ:CSX)

Alhambra Investment Management LLC lifted its stake in shares of CSX Co. (NASDAQ:CSX) by 4.3% during the fourth quarter, HoldingsChannel reports. The firm owned 8,292 shares of the transportation company’s stock after acquiring an additional 342 shares during the quarter. Alhambra Investment Management LLC’s holdings in CSX were worth $268,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Valley Wealth Managers Inc. lifted its stake in CSX by 177.8% in 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 last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of CSX in the 2nd quarter valued at about $26,000. Fairscale Capital LLC bought a new stake in shares of CSX in the 2nd quarter valued at about $32,000. Morton Brown Family Wealth LLC acquired a new stake in CSX in the 3rd quarter valued at about $31,000. Finally, Addison Advisors LLC grew its holdings in 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 purchasing an additional 812 shares during the period. 73.57% of the stock is owned by institutional investors.

CSX Stock Down 0.7 %

Shares of NASDAQ CSX opened at $32.73 on Friday. CSX Co. has a 52 week low of $31.43 and a 52 week high of $40.12. The stock’s fifty day moving average is $33.89 and its 200 day moving average is $33.96. 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 stock has a market capitalization of $63.12 billion, a P/E ratio of 17.60, a PEG ratio of 1.93 and a beta of 1.22.

CSX (NASDAQ:CSX) last issued its earnings results on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). The firm had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.68 billion. CSX had a net margin of 24.77% and a return on equity of 28.92%. CSX’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 earnings per share. Sell-side analysts forecast that CSX Co. will post 1.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CSX. Susquehanna cut their price objective on CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Barclays reduced 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. Jefferies Financial Group raised shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Friday, January 10th. Stifel Nicolaus reduced their target price on shares of CSX from $39.00 to $37.00 and set a “buy” 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 on the stock in a research note on Thursday, October 17th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, CSX has an average rating of “Moderate Buy” and a consensus target price of $38.65.

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.