ARS Wealth Advisors Group LLC Boosts Stake in CSX Co. (NASDAQ:CSX)

ARS Wealth Advisors Group LLC lifted its holdings in shares of CSX Co. (NASDAQ:CSX) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,944 shares of the transportation company’s stock after acquiring an additional 700 shares during the quarter. ARS Wealth Advisors Group LLC’s holdings in CSX were worth $644,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. raised its holdings in CSX by 20.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 467,399 shares of the transportation company’s stock valued at $16,139,000 after acquiring an additional 80,423 shares in the last quarter. Diversified Trust Co raised its stake in shares of CSX by 180.7% in the 4th quarter. Diversified Trust Co now owns 72,197 shares of the transportation company’s stock valued at $2,330,000 after purchasing an additional 46,473 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of CSX by 0.7% during the third quarter. Thrivent Financial for Lutherans now owns 3,374,499 shares of the transportation company’s stock worth $116,521,000 after purchasing an additional 24,430 shares during the last quarter. Principal Financial Group Inc. grew its stake in CSX by 3.4% in the third quarter. Principal Financial Group Inc. now owns 2,348,543 shares of the transportation company’s stock worth $81,095,000 after purchasing an additional 77,488 shares in the last quarter. Finally, William B. Walkup & Associates Inc. bought a new stake in CSX in the second quarter valued at about $867,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CSX. Stephens reduced their target price on CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Jefferies Financial Group upgraded CSX from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Friday, January 10th. TD Cowen lowered their target price on shares of CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. BMO Capital Markets reduced their price target on shares of CSX from $40.00 to $39.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Finally, Loop Capital lowered their price objective on shares of CSX from $43.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $38.67.

CSX Trading Up 1.0 %

Shares of CSX stock opened at $32.46 on Thursday. The firm has a market capitalization of $62.60 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 2.21 and a beta of 1.20. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39. CSX Co. has a 1 year low of $31.43 and a 1 year high of $40.12. The stock has a fifty day moving average of $34.03 and a two-hundred day moving average of $33.98.

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

About CSX

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.