Rosenberg Matthew Hamilton Raises Stock Position in CSX Co. (NASDAQ:CSX)

Rosenberg Matthew Hamilton raised its stake in shares of CSX Co. (NASDAQ:CSX) by 5.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,248 shares of the transportation company’s stock after purchasing an additional 357 shares during the period. Rosenberg Matthew Hamilton’s holdings in CSX were worth $234,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Valley Wealth Managers Inc. lifted 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 valued at $26,000 after buying an additional 480 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in CSX during the 2nd quarter worth approximately $26,000. Fairscale Capital LLC acquired a new position in shares of CSX during the second quarter valued at approximately $32,000. Morton Brown Family Wealth LLC purchased a new position in shares of CSX in the third quarter valued at approximately $31,000. Finally, Addison Advisors LLC boosted its stake in shares of CSX by 348.5% in the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock worth $36,000 after acquiring an additional 812 shares during the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Trading Up 0.3 %

NASDAQ CSX opened at $31.89 on Tuesday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39. The firm has a market cap of $61.50 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 2.24 and a beta of 1.22. The firm has a 50 day simple moving average of $34.06 and a 200-day simple moving average of $33.99. CSX Co. has a one year low of $31.43 and a one year high of $40.12.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). The company had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.68 billion. CSX had a return on equity of 28.92% and a net margin of 24.77%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.42 EPS. Equities research analysts anticipate that CSX Co. will post 1.84 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Stifel Nicolaus decreased their price objective on CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Loop Capital lowered their price target on shares of CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Jefferies Financial Group upgraded shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Friday. TD Cowen lowered their target price on CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. Finally, Wells Fargo & Company cut their price target on CSX from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Thursday, October 17th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.67.

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.