Wesbanco Bank Inc. Has $2.02 Million Stock Holdings in CSX Co. (NASDAQ:CSX)

Wesbanco Bank Inc. raised its stake in CSX Co. (NASDAQ:CSX) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,477 shares of the transportation company’s stock after purchasing an additional 2,672 shares during the period. Wesbanco Bank Inc.’s holdings in CSX were worth $2,016,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Valley Wealth Managers Inc. boosted 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 purchasing an additional 480 shares during the period. Morton Brown Family Wealth LLC bought a new stake in shares of CSX in the third quarter valued at about $31,000. Addison Advisors LLC grew 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 valued at $36,000 after acquiring an additional 812 shares in the last quarter. Fortitude Family Office LLC increased its position in CSX by 43.4% during the third quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock worth $38,000 after acquiring an additional 336 shares during the period. Finally, Jamison Private Wealth Management Inc. raised its stake in CSX by 33.7% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 1,253 shares of the transportation company’s stock worth $43,000 after purchasing an additional 316 shares in the last quarter. 73.57% of the stock is owned by institutional investors.

CSX Stock Performance

Shares of CSX stock opened at $33.67 on Friday. The company’s 50 day moving average price is $33.62 and its two-hundred day moving average price is $33.95. The firm has a market capitalization of $64.93 billion, a P/E ratio of 18.10, a P/E/G ratio of 2.05 and a beta of 1.22. 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 Co. has a fifty-two week low of $31.43 and a fifty-two week high of $40.12.

CSX (NASDAQ:CSX) last released its quarterly earnings data 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 net margin of 24.77% and a return on equity of 28.92%. On average, equities analysts forecast that CSX Co. will post 1.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Stifel Nicolaus decreased their target price on shares of CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. TD Cowen lowered their price objective on CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Loop Capital cut their target price on CSX from $43.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Wells Fargo & Company decreased their price target on CSX from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 17th. Finally, Royal Bank of Canada dropped their price target on CSX from $36.00 to $35.00 and set a “sector perform” rating for the company in a research note on Thursday, October 17th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.65.

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.