CSX Co. (NASDAQ:CSX) Shares Bought by Salem Investment Counselors Inc.

Salem Investment Counselors Inc. raised its holdings in CSX Co. (NASDAQ:CSX) by 47.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 10,554 shares of the transportation company’s stock after purchasing an additional 3,400 shares during the period. Salem Investment Counselors Inc.’s holdings in CSX were worth $341,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Itau Unibanco Holding S.A. purchased a new stake in CSX in the 2nd quarter valued at about $26,000. Valley Wealth Managers Inc. increased its position in shares of CSX by 177.8% during 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. Morton Brown Family Wealth LLC acquired a new stake in shares of CSX during the third quarter valued at about $31,000. Fairscale Capital LLC purchased a new stake in shares of CSX in the 2nd quarter valued at approximately $32,000. Finally, Addison Advisors LLC boosted its position in shares of CSX by 348.5% during the 3rd 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. Institutional investors and hedge funds own 73.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CSX. Citigroup boosted their target price on CSX from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Evercore ISI cut their price objective on CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Barclays lifted their target price on CSX from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Wells Fargo & Company reduced their price target on shares of CSX from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research 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 for the company in a research report on Thursday, October 17th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $38.67.

CSX Trading Up 0.3 %

NASDAQ CSX opened at $31.89 on Tuesday. CSX Co. has a 12 month low of $31.43 and a 12 month high of $40.12. The company has a market capitalization of $61.50 billion, a price-to-earnings ratio of 17.15, a price-to-earnings-growth ratio of 2.24 and a beta of 1.22. 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’s fifty day moving average price is $34.06 and its 200 day moving average price is $33.99.

CSX (NASDAQ:CSX) last posted its earnings results on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.68 billion. CSX had a return on equity of 28.92% and a net margin of 24.77%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.42 EPS. On average, sell-side analysts expect that CSX Co. will post 1.84 earnings per share for the current fiscal year.

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.