CSX Co. (NASDAQ:CSX) Stock Position Raised by New Republic Capital LLC

New Republic Capital LLC raised its stake in CSX Co. (NASDAQ:CSX) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,397 shares of the transportation company’s stock after acquiring an additional 370 shares during the period. New Republic Capital LLC’s holdings in CSX were worth $723,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Avior Wealth Management LLC grew its stake in CSX by 2.5% during the 3rd quarter. Avior Wealth Management LLC now owns 11,790 shares of the transportation company’s stock worth $407,000 after buying an additional 293 shares during the last quarter. Lake Street Advisors Group LLC grew its position in CSX by 1.8% in the 3rd quarter. Lake Street Advisors Group LLC now owns 17,246 shares of the transportation company’s stock worth $595,000 after purchasing an additional 306 shares during the last quarter. Rehmann Capital Advisory Group increased its stake in shares of CSX by 1.3% in the third quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company’s stock valued at $830,000 after purchasing an additional 306 shares during the period. J.W. Cole Advisors Inc. raised its holdings in shares of CSX by 0.9% during the third quarter. J.W. Cole Advisors Inc. now owns 35,401 shares of the transportation company’s stock valued at $1,222,000 after buying an additional 309 shares during the last quarter. Finally, Associated Banc Corp boosted its position in shares of CSX by 0.6% during the third quarter. Associated Banc Corp now owns 55,534 shares of the transportation company’s stock worth $1,918,000 after buying an additional 310 shares during the period. 73.57% of the stock is owned by institutional investors.

CSX Trading Up 1.5 %

CSX stock opened at $33.08 on Tuesday. The company has a 50 day moving average price of $32.94 and a 200 day moving average price of $33.85. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. CSX Co. has a 52 week low of $31.43 and a 52 week high of $40.12. The firm has a market capitalization of $63.79 billion, a price-to-earnings ratio of 18.48, a P/E/G ratio of 1.91 and a beta of 1.23.

CSX (NASDAQ:CSX) last posted its quarterly earnings results 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 23.95% and a return on equity of 28.15%. Research analysts forecast that CSX Co. will post 1.86 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CSX. Stephens reiterated an “overweight” rating and set a $38.00 price target on shares of CSX in a research report on Friday, January 24th. Benchmark restated a “buy” rating and set a $38.00 price objective on shares of CSX in a research note on Monday, January 27th. Loop Capital lowered shares of CSX from a “buy” rating to a “hold” rating and decreased their target price for the company from $40.00 to $34.00 in a research report on Monday, February 3rd. Royal Bank of Canada dropped their price target on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research report on Friday, January 24th. Finally, TD Cowen decreased their price objective on shares of CSX from $36.00 to $35.00 and set a “hold” rating for the company in a report on Thursday, October 17th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $37.16.

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.