ARS Investment Partners LLC Acquires 1,200 Shares of CSX Co. (NASDAQ:CSX)

ARS Investment Partners LLC raised its holdings in CSX Co. (NASDAQ:CSX) by 20.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,080 shares of the transportation company’s stock after buying an additional 1,200 shares during the quarter. ARS Investment Partners LLC’s holdings in CSX were worth $228,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Avior Wealth Management LLC increased its holdings in 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 buying an additional 293 shares during the period. Lake Street Advisors Group LLC grew its holdings in shares of CSX by 1.8% in 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 during the last quarter. Rehmann Capital Advisory Group grew its holdings in shares of CSX by 1.3% in 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 during the last quarter. J.W. Cole Advisors Inc. grew its holdings in shares of CSX by 0.9% in 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 during the last quarter. Finally, Associated Banc Corp grew its holdings in shares of CSX by 0.6% in the 3rd quarter. Associated Banc Corp now owns 55,534 shares of the transportation company’s stock worth $1,918,000 after purchasing an additional 310 shares during the last quarter. Institutional investors own 73.57% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on CSX. Stifel Nicolaus lowered their target price on shares of CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. TD Cowen lowered their target price on shares of CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. Barclays lowered their target price on shares of CSX from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday. BMO Capital Markets lowered their target price on shares of CSX from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Finally, Stephens decreased their price objective on shares of CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $38.65.

CSX Stock Performance

CSX stock opened at $32.73 on Tuesday. The company has a market cap of $63.12 billion, a PE ratio of 17.60, a PEG ratio of 2.02 and a beta of 1.22. The company’s 50-day moving average is $33.82 and its two-hundred day moving average is $33.96. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. CSX Co. has a 1 year low of $31.43 and a 1 year high of $40.12.

About CSX

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.