Costello Asset Management INC Grows Stock Holdings in CSX Co. (NASDAQ:CSX)

Costello Asset Management INC grew its position in CSX Co. (NASDAQ:CSX) by 5.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 120,669 shares of the transportation company’s stock after acquiring an additional 6,710 shares during the period. CSX makes up 2.6% of Costello Asset Management INC’s portfolio, making the stock its 12th biggest holding. Costello Asset Management INC’s holdings in CSX were worth $3,894,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Valley Wealth Managers Inc. boosted its position in CSX by 177.8% in the 3rd 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. Morton Brown Family Wealth LLC acquired a new stake in shares of CSX in the third quarter valued at $31,000. Addison Advisors LLC boosted its holdings in CSX by 348.5% in the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 812 shares during the period. Fortitude Family Office LLC boosted its stake in shares of CSX by 43.4% in the 3rd quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock valued at $38,000 after buying an additional 336 shares during the period. Finally, Synergy Asset Management LLC acquired a new position in shares of CSX during the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Analysts Set New Price Targets

CSX has been the topic of several analyst reports. Barclays reduced their target price on shares of CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Robert W. Baird decreased their price objective on shares of CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, January 24th. Jefferies Financial Group raised CSX from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Friday, January 10th. Royal Bank of Canada decreased their price target on CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a report on Friday, January 24th. Finally, BMO Capital Markets dropped their price objective on CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, January 24th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $37.58.

CSX Stock Up 0.0 %

CSX stock opened at $32.87 on Friday. CSX Co. has a 12 month low of $31.43 and a 12 month high of $40.12. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. The company has a market cap of $63.39 billion, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 1.90 and a beta of 1.22. The company has a fifty day moving average price of $33.33 and a 200 day moving average price of $33.92.

CSX (NASDAQ:CSX) last announced 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 28.15% and a net margin of 23.95%. Sell-side analysts expect that CSX Co. will post 1.88 earnings per share for the current 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.