11,396 Shares in CSX Co. (NASDAQ:CSX) Bought by Crews Bank & Trust

Crews Bank & Trust purchased a new position in CSX Co. (NASDAQ:CSX) during the fourth quarter, Holdings Channel reports. The firm purchased 11,396 shares of the transportation company’s stock, valued at approximately $368,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Capital Investment Advisory Services LLC grew its position in CSX by 8.7% in the fourth quarter. Capital Investment Advisory Services LLC now owns 16,497 shares of the transportation company’s stock valued at $532,000 after acquiring an additional 1,316 shares during the last quarter. OLD National Bancorp IN grew its position in CSX by 1.2% in the fourth quarter. OLD National Bancorp IN now owns 95,943 shares of the transportation company’s stock valued at $3,096,000 after acquiring an additional 1,091 shares during the last quarter. Synergy Asset Management LLC bought a new position in CSX in the fourth quarter valued at about $41,000. New England Research & Management Inc. grew its position in CSX by 1.2% in the fourth quarter. New England Research & Management Inc. now owns 112,010 shares of the transportation company’s stock valued at $3,615,000 after acquiring an additional 1,304 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in CSX by 2.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 363,948 shares of the transportation company’s stock valued at $11,745,000 after acquiring an additional 8,887 shares during the last quarter. Institutional investors own 73.57% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on CSX. Stephens reissued an “overweight” rating and set a $38.00 price target on shares of CSX in a research note on Friday, January 24th. Citigroup cut their price target on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Barclays cut their price target on CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Benchmark reissued a “buy” rating and set a $38.00 price target on shares of CSX in a research note on Monday. Finally, Raymond James reissued an “outperform” rating and set a $37.00 price target (down from $38.00) on shares of CSX in a research note on Friday, January 24th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.58.

CSX Price Performance

Shares of CSX opened at $32.86 on Friday. CSX Co. has a 52-week low of $31.43 and a 52-week high of $40.12. 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 business’s 50 day moving average price is $33.44 and its two-hundred day moving average price is $33.94. The firm has a market cap of $63.37 billion, a PE ratio of 17.67, a price-to-earnings-growth ratio of 2.06 and a beta of 1.22.

CSX (NASDAQ:CSX) last issued its quarterly 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%. On average, equities analysts anticipate that CSX Co. will post 1.83 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.