CSX Co. (NASDAQ:CSX) Position Increased by Butensky & Cohen Financial Security Inc.

Butensky & Cohen Financial Security Inc. boosted its stake in CSX Co. (NASDAQ:CSX) by 3.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 114,888 shares of the transportation company’s stock after purchasing an additional 3,621 shares during the period. Butensky & Cohen Financial Security Inc.’s holdings in CSX were worth $3,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. Wedge Capital Management L L P NC acquired a new position in CSX during the 4th quarter worth $11,568,000. Tompkins Financial Corp acquired a new position in CSX during the 4th quarter valued at about $139,000. Empirical Asset Management LLC raised its position in shares of CSX by 2.3% during the 4th quarter. Empirical Asset Management LLC now owns 36,360 shares of the transportation company’s stock worth $1,173,000 after buying an additional 825 shares in the last quarter. Carnegie Investment Counsel lifted its stake in shares of CSX by 1.4% in the 4th quarter. Carnegie Investment Counsel now owns 612,051 shares of the transportation company’s stock worth $19,751,000 after acquiring an additional 8,474 shares during the period. Finally, Outlook Wealth Advisors LLC bought a new position in shares of CSX in the fourth quarter valued at approximately $396,000. 73.57% of the stock is currently owned by institutional investors.

CSX Trading Down 0.7 %

NASDAQ:CSX opened at $32.73 on Friday. The company has a market capitalization of $63.12 billion, a P/E ratio of 17.60, a P/E/G ratio of 1.93 and a beta of 1.22. The stock’s 50 day moving average price is $33.89 and its 200 day moving average price is $33.96. 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 52 week low of $31.43 and a 52 week high of $40.12.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. The business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.68 billion. During the same quarter last year, the company earned $0.42 EPS. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, research analysts forecast that CSX Co. will post 1.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CSX has been the subject of a number of research reports. Barclays decreased their price target on CSX from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday. Wells Fargo & Company dropped their price target on shares of CSX from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 17th. Stephens reduced their price objective on shares of CSX from $41.00 to $39.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. BMO Capital Markets cut their target price on shares of CSX from $40.00 to $39.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Finally, Citigroup lifted their price target on shares of CSX from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, CSX presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.65.

CSX 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.