Diversify Wealth Management LLC Buys 424 Shares of CSX Co. (NASDAQ:CSX)

Diversify Wealth Management LLC lifted its stake in CSX Co. (NASDAQ:CSX) by 2.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,423 shares of the transportation company’s stock after buying an additional 424 shares during the quarter. Diversify Wealth Management LLC’s holdings in CSX were worth $617,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CSX. My Legacy Advisors LLC increased its stake in CSX by 13.0% in the 4th quarter. My Legacy Advisors LLC now owns 17,108 shares of the transportation company’s stock worth $555,000 after acquiring an additional 1,963 shares during the last quarter. Astoria Portfolio Advisors LLC. boosted its holdings in CSX by 4.7% during the 4th quarter. Astoria Portfolio Advisors LLC. now owns 16,885 shares of the transportation company’s stock valued at $543,000 after acquiring an additional 765 shares during the period. Ameritas Advisory Services LLC raised its position in CSX by 88.5% during the 4th quarter. Ameritas Advisory Services LLC now owns 11,250 shares of the transportation company’s stock valued at $363,000 after purchasing an additional 5,281 shares in the last quarter. HB Wealth Management LLC raised its position in CSX by 15.8% during the 4th quarter. HB Wealth Management LLC now owns 71,186 shares of the transportation company’s stock valued at $2,297,000 after purchasing an additional 9,721 shares in the last quarter. Finally, Trust Co. of Vermont raised its position in CSX by 1.8% during the 4th quarter. Trust Co. of Vermont now owns 71,489 shares of the transportation company’s stock valued at $2,307,000 after purchasing an additional 1,245 shares in the last quarter. Institutional investors own 73.57% of the company’s stock.

Analyst Upgrades and Downgrades

CSX has been the subject of a number of research analyst reports. Susquehanna decreased their target price on CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Loop Capital reduced their price target on CSX from $43.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Royal Bank of Canada reduced their price target on CSX from $36.00 to $35.00 and set a “sector perform” rating for the company in a research report on Thursday, October 17th. TD Cowen reduced their price target on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. Finally, BMO Capital Markets reduced their target price on CSX from $40.00 to $39.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.65.

CSX Stock Up 1.6 %

Shares of CSX opened at $33.27 on Wednesday. CSX Co. has a 52 week low of $31.43 and a 52 week high of $40.12. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43. The company has a market capitalization of $64.16 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 2.02 and a beta of 1.22. The stock’s 50-day moving average price is $33.74 and its 200-day moving average price is $33.95.

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.