HB Wealth Management LLC Purchases 9,721 Shares of CSX Co. (NASDAQ:CSX)

HB Wealth Management LLC grew its holdings in CSX Co. (NASDAQ:CSX - Free Report) by 15.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,186 shares of the transportation company's stock after purchasing an additional 9,721 shares during the quarter. HB Wealth Management LLC's holdings in CSX were worth $2,297,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CSX. Avior Wealth Management LLC raised its stake in shares of CSX by 2.5% during the third quarter. Avior Wealth Management LLC now owns 11,790 shares of the transportation company's stock valued at $407,000 after purchasing an additional 293 shares in the last quarter. Lake Street Advisors Group LLC increased its stake 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 valued at $595,000 after buying an additional 306 shares during the period. Rehmann Capital Advisory Group increased its holdings in CSX by 1.3% in the third quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company's stock worth $830,000 after buying an additional 306 shares during the last quarter. J.W. Cole Advisors Inc. raised its holdings in shares of CSX by 0.9% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 35,401 shares of the transportation company's stock valued at $1,222,000 after purchasing an additional 309 shares in the last quarter. Finally, Associated Banc Corp lifted its position in shares of CSX by 0.6% in 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 last quarter. 73.57% of the stock is owned by institutional investors and hedge funds.

CSX Trading Down 0.7 %

NASDAQ CSX traded down $0.24 on Monday, hitting $32.73. The company's stock had a trading volume of 20,683,825 shares, compared to its average volume of 9,942,721. The firm has a market cap of $63.12 billion, a P/E ratio of 17.60, a PEG ratio of 1.93 and a beta of 1.22. The company's 50-day simple moving average is $33.82 and its 200 day simple moving average is $33.96. CSX Co. has a 52-week low of $31.43 and a 52-week high of $40.12. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43.

Analysts Set New Price Targets

Several research firms recently commented on CSX. Loop Capital cut their target price on shares of CSX from $43.00 to $42.00 and set a "buy" rating for the company in a research note on Thursday, October 17th. Barclays cut their price target on shares of CSX from $41.00 to $40.00 and set an "overweight" rating for the company in a research note on Friday. Royal Bank of Canada reduced their target price on shares of CSX from $36.00 to $35.00 and set a "sector perform" rating on the stock in a research note on Thursday, October 17th. Jefferies Financial Group raised CSX from a "hold" rating to a "buy" rating and set a $37.00 price target for the company in a report on Friday, January 10th. Finally, Wells Fargo & Company reduced their target price on shares of CSX from $35.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 17th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, CSX currently has a consensus rating of "Moderate Buy" and an average 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.