9,772 Shares in CSX Co. (NASDAQ:CSX) Bought by Pines Wealth Management LLC

Pines Wealth Management LLC purchased a new stake in CSX Co. (NASDAQ:CSX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,772 shares of the transportation company's stock, valued at approximately $311,000.

A number of other hedge funds also recently modified their holdings of the company. State Street Corp raised its stake in shares of CSX by 0.6% in the third quarter. State Street Corp now owns 82,250,713 shares of the transportation company's stock valued at $2,840,117,000 after purchasing an additional 455,258 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of CSX by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 40,906,826 shares of the transportation company's stock worth $1,407,087,000 after acquiring an additional 190,346 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of CSX by 3.6% during the 3rd quarter. Fisher Asset Management LLC now owns 24,656,931 shares of the transportation company's stock worth $851,404,000 after acquiring an additional 857,302 shares during the period. FMR LLC increased its stake in CSX by 10.2% in the third quarter. FMR LLC now owns 15,612,862 shares of the transportation company's stock valued at $539,112,000 after acquiring an additional 1,447,651 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in CSX by 6.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,745,972 shares of the transportation company's stock valued at $440,118,000 after purchasing an additional 737,221 shares during the last quarter. Institutional investors own 73.57% of the company's stock.

CSX Trading Up 1.6 %

CSX traded up $0.51 during mid-day trading on Thursday, hitting $32.97. The stock had a trading volume of 16,702,416 shares, compared to its average volume of 14,040,798. 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 1-year low of $31.43 and a 1-year high of $40.12. The stock's fifty day simple moving average is $34.03 and its 200-day simple moving average is $33.98. The firm has a market capitalization of $63.57 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 1.93 and a beta of 1.22.

CSX (NASDAQ:CSX - Get Free Report) last announced its quarterly earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.68 billion. During the same quarter last year, the company earned $0.42 earnings per share. The firm's revenue was up 1.3% compared to the same quarter last year. As a group, research analysts forecast that CSX Co. will post 1.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CSX has been the subject of several research analyst reports. Royal Bank of Canada cut their price objective on CSX from $36.00 to $35.00 and set a "sector perform" rating for the company in a research report on Thursday, October 17th. Loop Capital reduced their target price on shares of CSX from $43.00 to $42.00 and set a "buy" rating on the stock in a research report on Thursday, October 17th. Citigroup raised their price target on shares of CSX from $42.00 to $44.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Stephens reduced their price objective on CSX from $41.00 to $39.00 and set an "overweight" rating on the stock in a report on Thursday, October 17th. Finally, Jefferies Financial Group raised CSX from a "hold" rating to a "buy" rating and set a $37.00 target price for the company in a research note on Friday, January 10th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $38.67.

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.