Crews Bank & Trust Buys Shares of 11,396 CSX Co. (NASDAQ:CSX)

Crews Bank & Trust bought a new stake in shares of CSX Co. (NASDAQ:CSX) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 11,396 shares of the transportation company’s stock, valued at approximately $368,000.

Other large investors also recently added to or reduced their stakes in the company. Avior Wealth Management LLC increased its stake in shares of CSX by 2.5% in the 3rd quarter. Avior Wealth Management LLC now owns 11,790 shares of the transportation company’s stock valued at $407,000 after acquiring an additional 293 shares during the last quarter. Lake Street Advisors Group LLC increased its stake in CSX by 1.8% during the 3rd quarter. Lake Street Advisors Group LLC now owns 17,246 shares of the transportation company’s stock worth $595,000 after purchasing an additional 306 shares in the last quarter. Rehmann Capital Advisory Group increased its stake in CSX by 1.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company’s stock worth $830,000 after purchasing an additional 306 shares in the last quarter. J.W. Cole Advisors Inc. increased its stake in CSX by 0.9% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 35,401 shares of the transportation company’s stock worth $1,222,000 after purchasing an additional 309 shares in the last quarter. Finally, Associated Banc Corp grew its stake in shares of CSX by 0.6% during the 3rd quarter. Associated Banc Corp now owns 55,534 shares of the transportation company’s stock worth $1,918,000 after acquiring an additional 310 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Stock Down 0.4 %

CSX stock opened at $32.86 on Friday. 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 stock has a market capitalization of $63.37 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 2.06 and a beta of 1.22. The business’s fifty day moving average price is $33.44 and its two-hundred day moving average price is $33.94. CSX Co. has a fifty-two week low of $31.43 and a fifty-two week high of $40.12.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share 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%. On average, equities analysts anticipate that CSX Co. will post 1.83 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CSX shares. Evercore ISI decreased their price target on shares of CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Barclays cut their price objective on CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Benchmark reissued a “buy” rating and issued a $38.00 price objective on shares of CSX in a report on Monday. Jefferies Financial Group raised CSX from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Friday, January 10th. Finally, Robert W. Baird cut their price objective on CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, January 24th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $37.58.

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.