6,540 Shares in CSX Co. (NASDAQ:CSX) Acquired by Cottonwood Capital Advisors LLC

Cottonwood Capital Advisors LLC purchased a new stake in shares of CSX Co. (NASDAQ:CSX) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 6,540 shares of the transportation company’s stock, valued at approximately $211,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board grew its holdings in CSX by 69.3% during the second quarter. Public Sector Pension Investment Board now owns 74,576 shares of the transportation company’s stock worth $2,495,000 after acquiring an additional 30,531 shares during the period. Squarepoint Ops LLC grew its stake in shares of CSX by 300.9% in the 2nd quarter. Squarepoint Ops LLC now owns 538,329 shares of the transportation company’s stock worth $18,007,000 after purchasing an additional 404,037 shares during the last quarter. AlTi Global Inc. raised its holdings in shares of CSX by 5.2% in the 2nd quarter. AlTi Global Inc. now owns 6,890 shares of the transportation company’s stock worth $230,000 after purchasing an additional 342 shares in the last quarter. Daymark Wealth Partners LLC lifted its stake in CSX by 9.6% during the second quarter. Daymark Wealth Partners LLC now owns 32,657 shares of the transportation company’s stock valued at $1,092,000 after purchasing an additional 2,860 shares during the last quarter. Finally, Dark Forest Capital Management LP bought a new stake in CSX during the second quarter worth approximately $221,000. 73.57% of the stock is owned by institutional investors.

CSX Trading Down 2.9 %

Shares of CSX stock opened at $32.69 on Friday. The company has a market cap of $63.04 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 2.06 and a beta of 1.22. CSX Co. has a 1 year low of $31.43 and a 1 year high of $40.12. The company’s fifty day simple moving average is $33.58 and its 200-day simple moving average is $33.95. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. As a group, sell-side analysts expect that CSX Co. will post 1.83 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CSX. Wells Fargo & Company dropped their price target on CSX from $36.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday. Raymond James reaffirmed an “outperform” rating and set a $37.00 target price (down from $38.00) on shares of CSX in a research report on Friday. Stifel Nicolaus decreased their price target on CSX from $39.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Evercore ISI cut their price objective on CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Finally, Robert W. Baird decreased their target price on shares of CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a report on Friday. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $37.68.

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.