99,911 Shares in CSX Co. (NASDAQ:CSX) Bought by Polaris Greystone Financial Group LLC

Polaris Greystone Financial Group LLC bought a new position in CSX Co. (NASDAQ:CSX) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 99,911 shares of the transportation company’s stock, valued at approximately $7,667,000.

A number of other large investors also recently made changes to their positions in the stock. Covington Capital Management raised its stake in shares of CSX by 1.2% during the third quarter. Covington Capital Management now owns 11,845 shares of the transportation company’s stock valued at $821,000 after acquiring an additional 145 shares during the last quarter. Tiedemann Advisors LLC raised its stake in shares of CSX by 3.2% during the third quarter. Tiedemann Advisors LLC now owns 4,839 shares of the transportation company’s stock valued at $334,000 after acquiring an additional 148 shares during the last quarter. Indiana Trust & Investment Management CO raised its stake in shares of CSX by 3.1% during the fourth quarter. Indiana Trust & Investment Management CO now owns 4,975 shares of the transportation company’s stock valued at $360,000 after acquiring an additional 150 shares during the last quarter. Flagship Harbor Advisors LLC raised its stake in shares of CSX by 1.9% during the third quarter. Flagship Harbor Advisors LLC now owns 9,191 shares of the transportation company’s stock valued at $636,000 after acquiring an additional 168 shares during the last quarter. Finally, Clarius Group LLC raised its stake in shares of CSX by 3.4% during the fourth quarter. Clarius Group LLC now owns 5,438 shares of the transportation company’s stock valued at $408,000 after acquiring an additional 181 shares during the last quarter. Institutional investors own 76.08% of the company’s stock.

Shares of NASDAQ CSX traded down $1.68 on Friday, reaching $76.10. 160,882 shares of the company’s stock traded hands, compared to its average volume of 4,061,123. CSX Co. has a 12 month low of $63.97 and a 12 month high of $80.73. The business’s 50 day simple moving average is $74.01 and its two-hundred day simple moving average is $70.64. The company has a market cap of $60.85 billion, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 1.44 and a beta of 1.21. The company has a quick ratio of 1.33, a current ratio of 1.52 and a debt-to-equity ratio of 1.35.

CSX (NASDAQ:CSX) last announced its earnings results on Thursday, January 16th. The transportation company reported $0.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.02. CSX had a net margin of 27.91% and a return on equity of 27.49%. The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the firm earned $1.01 earnings per share. The business’s revenue for the quarter was down 8.2% on a year-over-year basis. Analysts forecast that CSX Co. will post 4.2 earnings per share for the current fiscal year.

Several equities analysts have recently commented on CSX shares. Credit Suisse Group upped their price objective on shares of CSX from $82.00 to $84.00 and gave the company an “outperform” rating in a research note on Friday, January 17th. Citigroup downgraded shares of CSX from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $80.00 to $75.00 in a research note on Tuesday, December 10th. Raymond James decreased their price target on shares of CSX from $81.00 to $80.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Wells Fargo & Co assumed coverage on shares of CSX in a research note on Monday, October 28th. They issued a “market perform” rating and a $73.00 price target for the company. Finally, Morgan Stanley decreased their price target on shares of CSX from $55.00 to $52.00 and set an “underweight” rating for the company in a research note on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $78.14.

CSX Company Profile

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services, as well as transports intermodal containers and trailers. It transports chemicals, automotive, agricultural and food products, minerals, fertilizers, forest products, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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