Tompkins Financial Corp Takes Position in CSX Co. (NASDAQ:CSX)

Tompkins Financial Corp acquired a new position in shares of CSX Co. (NASDAQ:CSX) during the fourth quarter, Holdings Channel.com reports. The fund acquired 4,300 shares of the transportation company’s stock, valued at approximately $139,000.

Several other large investors have also added to or reduced their stakes in the stock. 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 buying an additional 480 shares during the period. Itau Unibanco Holding S.A. bought a new position in shares of CSX in the second quarter valued at approximately $26,000. Fairscale Capital LLC purchased a new position in CSX during the second quarter valued at approximately $32,000. Morton Brown Family Wealth LLC bought a new stake in CSX during the 3rd quarter worth approximately $31,000. Finally, Addison Advisors LLC lifted its stake in 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 purchasing an additional 812 shares in the last quarter. Institutional investors own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. BMO Capital Markets reduced their price target on shares of CSX from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Evercore ISI reduced their target price on CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Susquehanna decreased their target price on CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Loop Capital dropped 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. Finally, TD Cowen cut their price objective on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a report on Thursday, October 17th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $38.71.

CSX Trading Up 1.6 %

CSX stock opened at $32.97 on Friday. The company has a market capitalization of $63.57 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 1.93 and a beta of 1.22. 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 Co. has a one year low of $31.43 and a one year high of $40.12. The company’s 50 day moving average price is $33.94 and its two-hundred day moving average price is $33.97.

CSX (NASDAQ:CSX) last posted its quarterly earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.02). The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.68 billion. CSX had a return on equity of 28.92% and a net margin of 24.77%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.42 earnings per share. As a group, analysts predict that CSX Co. will post 1.83 earnings per share for the current fiscal 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.