Folger Nolan Fleming Douglas Capital Management Inc. Buys 450 Shares of CSX Co. (NASDAQ:CSX)

Folger Nolan Fleming Douglas Capital Management Inc. boosted its position in shares of CSX Co. (NASDAQ:CSX) by 1.9% during the 4th quarter, HoldingsChannel reports. The fund owned 24,451 shares of the transportation company’s stock after buying an additional 450 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in CSX were worth $789,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CSX. Renaissance Technologies LLC raised its stake in shares of CSX by 12.5% in the second quarter. Renaissance Technologies LLC now owns 894,100 shares of the transportation company’s stock valued at $29,908,000 after purchasing an additional 99,600 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in CSX by 15.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 366,626 shares of the transportation company’s stock valued at $12,272,000 after buying an additional 50,073 shares during the period. Blair William & Co. IL raised its stake in shares of CSX by 3.4% in the 2nd quarter. Blair William & Co. IL now owns 169,741 shares of the transportation company’s stock valued at $5,678,000 after buying an additional 5,621 shares in the last quarter. Richardson Financial Services Inc. lifted its holdings in shares of CSX by 15.1% during the 2nd quarter. Richardson Financial Services Inc. now owns 5,160 shares of the transportation company’s stock worth $173,000 after acquiring an additional 676 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of CSX during the 2nd quarter valued at about $545,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Stock Down 0.7 %

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

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

Wall Street Analysts Forecast Growth

CSX has been the subject of several recent research reports. Evercore ISI dropped their price target on shares of CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. TD Cowen dropped their target price on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a report on Thursday, October 17th. Wells Fargo & Company cut their target price on CSX from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Thursday, October 17th. Stephens lowered their price target on CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Finally, BMO Capital Markets cut their price objective on CSX from $40.00 to $39.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $38.65.

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.