Wesbanco Bank Inc. Has $2.02 Million Position in CSX Co. (NASDAQ:CSX)

Wesbanco Bank Inc. grew its stake in CSX Co. (NASDAQ:CSX) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,477 shares of the transportation company’s stock after buying an additional 2,672 shares during the period. Wesbanco Bank Inc.’s holdings in CSX were worth $2,016,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Public Sector Pension Investment Board grew its holdings in CSX by 69.3% during the 2nd quarter. Public Sector Pension Investment Board now owns 74,576 shares of the transportation company’s stock worth $2,495,000 after acquiring an additional 30,531 shares during the period. Squarepoint Ops LLC grew its stake in CSX by 300.9% during the second quarter. Squarepoint Ops LLC now owns 538,329 shares of the transportation company’s stock worth $18,007,000 after purchasing an additional 404,037 shares during the period. AlTi Global Inc. increased its holdings in CSX by 5.2% in the second quarter. AlTi Global Inc. now owns 6,890 shares of the transportation company’s stock worth $230,000 after purchasing an additional 342 shares in the last quarter. Decatur Capital Management Inc. lifted its stake in CSX by 2.8% in the second quarter. Decatur Capital Management Inc. now owns 41,339 shares of the transportation company’s stock valued at $1,383,000 after buying an additional 1,126 shares during the period. Finally, Daymark Wealth Partners LLC boosted its holdings in shares of CSX by 9.6% during the 2nd quarter. Daymark Wealth Partners LLC now owns 32,657 shares of the transportation company’s stock worth $1,092,000 after buying an additional 2,860 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors.

CSX Price Performance

Shares of NASDAQ CSX opened at $33.67 on Friday. The firm has a market capitalization of $64.93 billion, a P/E ratio of 18.10, a P/E/G ratio of 2.05 and a beta of 1.22. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43. The stock’s 50-day simple moving average is $33.62 and its two-hundred day simple moving average is $33.95. CSX Co. has a twelve month low of $31.43 and a twelve month high of $40.12.

CSX (NASDAQ:CSX) last announced its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a net margin of 24.77% and a return on equity of 28.92%. As a group, equities analysts anticipate that CSX Co. will post 1.83 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on CSX shares. Loop Capital cut their target price on shares of CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Stephens reduced their target price on CSX from $41.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Susquehanna decreased their target price on CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Jefferies Financial Group upgraded CSX from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Friday, January 10th. Finally, Citigroup lifted their price target on shares of CSX from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.