CSX Co. (NASDAQ:CSX) Shares Acquired by UMB Bank n.a.

UMB Bank n.a. increased its holdings in shares of CSX Co. (NASDAQ:CSX) by 1.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,048 shares of the transportation company’s stock after purchasing an additional 642 shares during the period. UMB Bank n.a.’s holdings in CSX were worth $1,873,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. M.E. Allison & CO. Inc. acquired a new stake in shares of CSX during the fourth quarter worth about $218,000. Willner & Heller LLC raised its stake in CSX by 4.2% during the 4th quarter. Willner & Heller LLC now owns 8,689 shares of the transportation company’s stock valued at $280,000 after acquiring an additional 350 shares during the last quarter. Diversify Wealth Management LLC lifted its position in CSX by 2.2% during the 4th quarter. Diversify Wealth Management LLC now owns 19,423 shares of the transportation company’s stock worth $617,000 after acquiring an additional 424 shares during the period. My Legacy Advisors LLC grew its stake in shares of CSX by 13.0% in the 4th quarter. My Legacy Advisors LLC now owns 17,108 shares of the transportation company’s stock valued at $555,000 after purchasing an additional 1,963 shares during the last quarter. Finally, Astoria Portfolio Advisors LLC. increased its holdings in shares of CSX by 4.7% in the fourth quarter. Astoria Portfolio Advisors LLC. now owns 16,885 shares of the transportation company’s stock valued at $543,000 after purchasing an additional 765 shares during the period. 73.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CSX. Royal Bank of Canada reduced their target price on shares of CSX from $36.00 to $35.00 and set a “sector perform” rating for the company in a research note on Thursday, October 17th. Stifel Nicolaus lowered their price objective on CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Citigroup increased their target price on CSX from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. TD Cowen decreased their price target on CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Finally, Evercore ISI cut their price objective on CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.65.

CSX Price Performance

CSX stock opened at $32.73 on Tuesday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39. The stock’s 50 day moving average price is $33.82 and its 200 day moving average price is $33.96. 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. CSX Co. has a 1 year low of $31.43 and a 1 year high of $40.12.

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.