Resonant Capital Advisors LLC Has $1.95 Million Stake in CSX Co. (NASDAQ:CSX)

Resonant Capital Advisors LLC grew its holdings in CSX Co. (NASDAQ:CSX) by 8.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,505 shares of the transportation company’s stock after purchasing an additional 4,542 shares during the period. Resonant Capital Advisors LLC’s holdings in CSX were worth $1,952,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Valley Wealth Managers Inc. increased its holdings in CSX by 177.8% in the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after buying an additional 480 shares during the last quarter. Morton Brown Family Wealth LLC acquired a new position in CSX in the third quarter worth approximately $31,000. Addison Advisors LLC increased its holdings in 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 buying an additional 812 shares during the last quarter. Fortitude Family Office LLC increased its holdings in CSX by 43.4% in the third quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock worth $38,000 after buying an additional 336 shares during the last quarter. Finally, Synergy Asset Management LLC acquired a new position in CSX in the fourth quarter worth approximately $41,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CSX shares. Robert W. Baird dropped their price objective on CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, January 24th. Citigroup decreased their target price on CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Stifel Nicolaus decreased their target price on CSX from $39.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Benchmark reaffirmed a “buy” rating and set a $38.00 target price on shares of CSX in a research report on Monday, January 27th. Finally, Raymond James reaffirmed an “outperform” rating and set a $37.00 target price (down previously from $38.00) on shares of CSX in a research report on Friday, January 24th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.16.

CSX Stock Up 0.0 %

CSX opened at $32.87 on Monday. The stock has a market capitalization of $63.39 billion, a price-to-earnings ratio of 18.36, a P/E/G ratio of 1.90 and a beta of 1.23. CSX Co. has a 1-year low of $31.43 and a 1-year high of $40.12. The business has a 50 day moving average of $33.33 and a 200-day moving average of $33.90. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX) last issued its earnings results on Thursday, January 23rd. The transportation company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. As a group, sell-side analysts anticipate that CSX Co. will post 1.88 earnings per share for the current year.

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.