Stratos Wealth Partners LTD. Buys 752 Shares of CSX Co. (NASDAQ:CSX)

Stratos Wealth Partners LTD. increased its holdings in shares of CSX Co. (NASDAQ:CSX) by 1.9% during the fourth quarter, Holdings Channel reports. The fund owned 40,620 shares of the transportation company’s stock after acquiring an additional 752 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in CSX were worth $1,311,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Retirement Systems of Alabama raised its stake in shares of CSX by 1.6% during the fourth quarter. Retirement Systems of Alabama now owns 417,522 shares of the transportation company’s stock valued at $13,473,000 after acquiring an additional 6,655 shares during the last quarter. E. Ohman J or Asset Management AB lifted its stake in shares of CSX by 3.6% in the fourth quarter. E. Ohman J or Asset Management AB now owns 43,542 shares of the transportation company’s stock valued at $1,405,000 after buying an additional 1,516 shares in the last quarter. Commonwealth Financial Services LLC increased its holdings in CSX by 2.7% during the 4th quarter. Commonwealth Financial Services LLC now owns 26,607 shares of the transportation company’s stock worth $859,000 after purchasing an additional 702 shares in the last quarter. abrdn plc lifted its stake in CSX by 10.0% during the 4th quarter. abrdn plc now owns 1,048,530 shares of the transportation company’s stock valued at $33,789,000 after acquiring an additional 95,510 shares in the last quarter. Finally, Trust Point Inc. lifted its position in shares of CSX by 2.6% during the 4th quarter. Trust Point Inc. now owns 13,722 shares of the transportation company’s stock worth $443,000 after buying an additional 344 shares in the last quarter. Institutional investors own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

CSX has been the subject of several research analyst reports. TD Cowen decreased their price target 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. Raymond James restated an “outperform” rating and issued a $37.00 target price (down from $38.00) on shares of CSX in a research note on Friday, January 24th. Citigroup decreased their price objective on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Susquehanna reduced their price target on CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus decreased their price objective on shares of CSX from $39.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CSX currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.16.

CSX Price Performance

CSX opened at $32.59 on Monday. CSX Co. has a 12-month low of $31.43 and a 12-month high of $40.12. The stock has a fifty day moving average of $32.94 and a 200-day moving average of $33.85. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $62.85 billion, a P/E ratio of 18.21, a PEG ratio of 1.91 and a beta of 1.23.

CSX (NASDAQ:CSX) last announced its quarterly earnings data 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 return on equity of 28.15% and a net margin of 23.95%. Equities analysts forecast that CSX Co. will post 1.86 EPS for the current fiscal year.

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.