M.E. Allison & CO. Inc. Buys New Holdings in CSX Co. (NASDAQ:CSX)

M.E. Allison & CO. Inc. purchased a new position in CSX Co. (NASDAQ:CSX) during the fourth quarter, Holdings Channel reports. The fund purchased 6,759 shares of the transportation company’s stock, valued at approximately $218,000.

Other large investors have also bought and sold shares of the company. Willner & Heller LLC increased its stake in shares of CSX by 4.2% in the fourth quarter. Willner & Heller LLC now owns 8,689 shares of the transportation company’s stock worth $280,000 after buying an additional 350 shares during the period. Diversify Wealth Management LLC grew its holdings in CSX by 2.2% in the 4th quarter. Diversify Wealth Management LLC now owns 19,423 shares of the transportation company’s stock worth $617,000 after acquiring an additional 424 shares during the last quarter. My Legacy Advisors LLC increased its position in shares of CSX by 13.0% in the fourth quarter. My Legacy Advisors LLC now owns 17,108 shares of the transportation company’s stock valued at $555,000 after acquiring an additional 1,963 shares during the period. Astoria Portfolio Advisors LLC. raised its stake in shares of CSX by 4.7% during the fourth quarter. Astoria Portfolio Advisors LLC. now owns 16,885 shares of the transportation company’s stock valued at $543,000 after acquiring an additional 765 shares during the last quarter. Finally, Ameritas Advisory Services LLC grew its stake in shares of CSX by 88.5% in the fourth quarter. Ameritas Advisory Services LLC now owns 11,250 shares of the transportation company’s stock worth $363,000 after purchasing an additional 5,281 shares during the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CSX has been the subject of a number of recent analyst reports. TD Cowen lowered their price target on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. 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 note on Thursday, October 17th. Royal Bank of Canada reduced their price objective on shares of CSX from $36.00 to $35.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 17th. BMO Capital Markets dropped their target price 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. Finally, Susquehanna reduced their price target on shares of CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Six equities research 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 stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.65.

CSX Price Performance

CSX opened at $32.73 on Tuesday. The firm has a market cap of $63.12 billion, a PE ratio of 17.60, a P/E/G ratio of 1.93 and a beta of 1.22. 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 1 year low of $31.43 and a 1 year high of $40.12. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23.

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.