Wealth Enhancement Advisory Services LLC Has $30.48 Million Stake in CSX Co. (NASDAQ:CSX)

Wealth Enhancement Advisory Services LLC lifted its position in shares of CSX Co. (NASDAQ:CSX - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 882,838 shares of the transportation company's stock after acquiring an additional 15,801 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in CSX were worth $30,484,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. acquired a new stake in shares of CSX during the 2nd quarter worth approximately $26,000. Valley Wealth Managers Inc. lifted its stake in CSX by 177.8% in the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company's stock valued at $26,000 after buying an additional 480 shares during the last quarter. Morton Brown Family Wealth LLC bought a new stake in CSX in the third quarter valued at $31,000. Fairscale Capital LLC bought a new position in shares of CSX during the second quarter worth about $32,000. Finally, Addison Advisors LLC grew its position in shares of CSX by 348.5% during the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company's stock worth $36,000 after acquiring an additional 812 shares during the last quarter. Institutional investors and hedge funds own 73.57% of the company's stock.

CSX Price Performance

CSX traded down $0.42 during midday trading on Friday, reaching $31.78. 13,644,139 shares of the company's stock were exchanged, compared to its average volume of 13,466,729. CSX Co. has a one year low of $31.43 and a one year high of $40.12. The firm has a market capitalization of $61.29 billion, a price-to-earnings ratio of 17.09, a price-to-earnings-growth ratio of 2.24 and a beta of 1.22. The business has a 50-day simple moving average of $34.09 and a two-hundred day simple moving average of $34.00. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX - Get Free Report) last announced its quarterly earnings results on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). CSX had a net margin of 24.77% and a return on equity of 28.92%. The company had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.68 billion. During the same period in the prior year, the firm earned $0.42 EPS. CSX's quarterly revenue was up 1.3% compared to the same quarter last year. As a group, research analysts predict that CSX Co. will post 1.84 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company cut their price target on CSX from $35.00 to $34.00 and set an "equal weight" rating on the stock in a report on Thursday, October 17th. TD Cowen reduced their price target on CSX from $36.00 to $35.00 and set a "hold" rating for the company in a research report on Thursday, October 17th. Citigroup increased their price objective on shares of CSX from $42.00 to $44.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Jefferies Financial Group upgraded CSX from a "hold" rating to a "buy" rating and set a $37.00 target price for the company in a research report on Friday. Finally, Evercore ISI lowered their price target on CSX from $38.00 to $37.00 and set an "outperform" rating on the stock in a research report on Thursday, October 17th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently 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.