HB Wealth Management LLC Has $2.30 Million Stake in CSX Co. (NASDAQ:CSX)

HB Wealth Management LLC increased its stake in shares of CSX Co. (NASDAQ:CSX) by 15.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 71,186 shares of the transportation company’s stock after acquiring an additional 9,721 shares during the quarter. HB Wealth Management LLC’s holdings in CSX were worth $2,297,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of CSX. Blair William & Co. IL grew its holdings in CSX by 3.4% during the second quarter. Blair William & Co. IL now owns 169,741 shares of the transportation company’s stock worth $5,678,000 after buying an additional 5,621 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of CSX during the 2nd quarter valued at $545,000. Brighton Jones LLC increased its position in shares of CSX by 48.8% during the 2nd quarter. Brighton Jones LLC now owns 19,160 shares of the transportation company’s stock valued at $641,000 after purchasing an additional 6,280 shares during the last quarter. Ieq Capital LLC increased its position in shares of CSX by 4.9% during the 2nd quarter. Ieq Capital LLC now owns 109,595 shares of the transportation company’s stock valued at $3,666,000 after purchasing an additional 5,092 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its position in shares of CSX by 3.5% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 396,890 shares of the transportation company’s stock valued at $13,276,000 after purchasing an additional 13,400 shares during the last quarter. Institutional investors own 73.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CSX. Citigroup raised 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. Royal Bank of Canada decreased their target price on CSX from $36.00 to $35.00 and set a “sector perform” rating for the company in a research report on Thursday, October 17th. Jefferies Financial Group raised CSX from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research report on Friday, January 10th. Stephens decreased their price objective on CSX from $41.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Finally, BMO Capital Markets decreased their price objective on CSX from $40.00 to $39.00 and set an “outperform” rating for the company 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $38.65.

CSX Stock Performance

Shares of CSX opened at $32.73 on Monday. The company has a market cap of $63.12 billion, a PE ratio of 17.60, a price-to-earnings-growth ratio of 1.93 and a beta of 1.22. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The stock has a 50-day moving average price of $33.82 and a 200-day moving average price of $33.96. CSX Co. has a 12-month low of $31.43 and a 12-month 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.