Cascade Investment Advisors Inc. Increases Stock Holdings in CSX Co. (NASDAQ:CSX)

Cascade Investment Advisors Inc. increased its stake in CSX Co. (NASDAQ:CSX) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 44,521 shares of the transportation company’s stock after purchasing an additional 800 shares during the quarter. Cascade Investment Advisors Inc.’s holdings in CSX were worth $1,437,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Valley Wealth Managers Inc. grew its stake in CSX by 177.8% in the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after acquiring an additional 480 shares in the last quarter. Morton Brown Family Wealth LLC bought a new stake in shares of CSX in the 3rd quarter valued at about $31,000. Addison Advisors LLC grew its position in shares of CSX by 348.5% in the 3rd quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock worth $36,000 after buying an additional 812 shares during the last quarter. Fortitude Family Office LLC lifted its position in CSX by 43.4% during the third quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 336 shares during the last quarter. Finally, Jamison Private Wealth Management Inc. boosted its stake in CSX by 33.7% in the third quarter. Jamison Private Wealth Management Inc. now owns 1,253 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 316 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CSX has been the topic of several research analyst reports. TD Cowen dropped their target price on CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Barclays decreased their price objective on shares of CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Friday. Stifel Nicolaus cut their target price on CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Evercore ISI dropped their price objective on shares of CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Finally, Raymond James reissued an “outperform” rating and set a $37.00 target price (down from $38.00) on shares of CSX in a research note on Friday. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $37.58.

CSX Stock Up 2.9 %

CSX stock opened at $33.64 on Tuesday. The company’s 50 day simple moving average is $33.53 and its 200-day simple moving average is $33.96. CSX Co. has a 52-week low of $31.43 and a 52-week high of $40.12. 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 firm has a market capitalization of $64.87 billion, a P/E ratio of 18.09, a P/E/G ratio of 2.06 and a beta of 1.22.

CSX (NASDAQ:CSX) last issued its earnings results 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%. As a group, equities research analysts anticipate 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.