Atria Investments LLC Purchases 26,456 Shares of CSX Co. (NASDAQ:CSX)

Atria Investments LLC boosted its position in CSX Co. (NASDAQ:CSXGet Rating) by 41.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,827 shares of the transportation company’s stock after purchasing an additional 26,456 shares during the quarter. Atria Investments LLC’s holdings in CSX were worth $2,420,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Prestige Wealth Management Group LLC boosted its stake in CSX by 10.6% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 8,299 shares of the transportation company’s stock valued at $221,000 after purchasing an additional 796 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in CSX by 9.2% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 1,555,983 shares of the transportation company’s stock valued at $41,451,000 after purchasing an additional 131,613 shares during the period. Alaska Permanent Fund Corp boosted its stake in CSX by 20.5% in the 3rd quarter. Alaska Permanent Fund Corp now owns 292,806 shares of the transportation company’s stock valued at $7,800,000 after purchasing an additional 49,713 shares during the period. Pinnacle Associates Ltd. boosted its stake in CSX by 13.5% in the 3rd quarter. Pinnacle Associates Ltd. now owns 102,828 shares of the transportation company’s stock valued at $2,739,000 after purchasing an additional 12,207 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC raised its holdings in CSX by 3.2% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 14,903 shares of the transportation company’s stock valued at $397,000 after acquiring an additional 463 shares in the last quarter. 72.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on CSX shares. Wells Fargo & Company lifted their price objective on CSX from $28.00 to $32.00 and gave the company an “equal weight” rating in a report on Wednesday, January 4th. Susquehanna Bancshares cut CSX to a “neutral” rating and dropped their price objective for the company from $35.00 to $29.00 in a report on Wednesday, September 28th. Vertical Research raised CSX from a “hold” rating to a “buy” rating in a report on Friday, October 14th. Citigroup lowered their price target on CSX from $31.00 to $30.00 and set a “neutral” rating for the company in a report on Thursday, September 29th. Finally, Robert W. Baird lowered their price target on CSX to $34.00 in a report on Thursday, October 13th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $34.48.

CSX Trading Down 0.2 %

NASDAQ CSX opened at $32.42 on Tuesday. The business’s 50-day moving average price is $31.57 and its two-hundred day moving average price is $30.69. CSX Co. has a 12 month low of $25.80 and a 12 month high of $38.63. The firm has a market capitalization of $68.16 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 1.77 and a beta of 1.24. The company has a current ratio of 1.72, a quick ratio of 1.57 and a debt-to-equity ratio of 1.39.

CSX (NASDAQ:CSXGet Rating) last released its quarterly earnings results on Thursday, October 20th. The transportation company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. CSX had a return on equity of 30.32% and a net margin of 28.06%. The firm had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the previous year, the company posted $0.43 EPS. The business’s revenue was up 18.5% on a year-over-year basis. On average, analysts expect that CSX Co. will post 1.9 EPS for the current year.

CSX Profile

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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 transports chemicals, agricultural and food products, automotive, minerals, 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.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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