Crescent Grove Advisors LLC Acquires New Holdings in CSX Co. (NASDAQ:CSX)

Crescent Grove Advisors LLC bought a new position in shares of CSX Co. (NASDAQ:CSX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,006 shares of the transportation company’s stock, valued at approximately $484,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CSX. Avior Wealth Management LLC boosted its position in CSX by 2.5% in the 3rd quarter. Avior Wealth Management LLC now owns 11,790 shares of the transportation company’s stock worth $407,000 after purchasing an additional 293 shares in the last quarter. Lake Street Advisors Group LLC lifted its stake in shares of CSX by 1.8% in the 3rd quarter. Lake Street Advisors Group LLC now owns 17,246 shares of the transportation company’s stock valued at $595,000 after purchasing an additional 306 shares during the period. Rehmann Capital Advisory Group boosted its holdings in CSX by 1.3% during the third quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company’s stock worth $830,000 after buying an additional 306 shares in the last quarter. J.W. Cole Advisors Inc. grew its position in CSX by 0.9% during the third quarter. J.W. Cole Advisors Inc. now owns 35,401 shares of the transportation company’s stock valued at $1,222,000 after buying an additional 309 shares during the period. Finally, Associated Banc Corp increased its holdings in CSX by 0.6% in the third quarter. Associated Banc Corp now owns 55,534 shares of the transportation company’s stock valued at $1,918,000 after buying an additional 310 shares in the last quarter. Institutional investors own 73.57% of the company’s stock.

Analyst Upgrades and Downgrades

CSX has been the topic of a number of analyst reports. Raymond James restated an “outperform” rating and set a $37.00 target price (down from $38.00) on shares of CSX in a research report on Friday. BMO Capital Markets cut their price objective on CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday. Robert W. Baird decreased their target price on CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday. Citigroup cut their price target on shares of CSX from $40.00 to $39.00 and set a “buy” rating for the company in a report on Friday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of CSX from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Friday. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, CSX has a consensus rating of “Moderate Buy” and a consensus target price of $37.68.

CSX Stock Performance

Shares of CSX stock opened at $32.69 on Friday. CSX Co. has a one year low of $31.43 and a one year high of $40.12. The company has a market cap of $63.04 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 2.06 and a beta of 1.22. The business’s 50 day moving average price is $33.53 and its 200 day moving average price is $33.94. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a net margin of 24.77% and a return on equity of 28.92%. On average, research analysts predict that CSX Co. will post 1.83 EPS for the current year.

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.