Lake Street Private Wealth LLC Has $296,000 Stock Holdings in CSX Co. (NASDAQ:CSX)

Lake Street Private Wealth LLC decreased its holdings in shares of CSX Co. (NASDAQ:CSX) by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,182 shares of the transportation company’s stock after selling 383 shares during the quarter. Lake Street Private Wealth LLC’s holdings in CSX were worth $296,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Folger Nolan Fleming Douglas Capital Management Inc. grew its holdings in CSX by 1.9% during the fourth quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 24,451 shares of the transportation company’s stock valued at $789,000 after purchasing an additional 450 shares during the last quarter. Merit Financial Group LLC grew its stake in CSX by 48.8% in the 4th quarter. Merit Financial Group LLC now owns 25,664 shares of the transportation company’s stock valued at $828,000 after buying an additional 8,412 shares during the last quarter. Butensky & Cohen Financial Security Inc. grew its stake in CSX by 3.3% in the 4th quarter. Butensky & Cohen Financial Security Inc. now owns 114,888 shares of the transportation company’s stock valued at $3,707,000 after buying an additional 3,621 shares during the last quarter. Wedge Capital Management L L P NC bought a new position in CSX in the 4th quarter worth $11,568,000. Finally, Tompkins Financial Corp acquired a new position in CSX during the 4th quarter worth $139,000. Institutional investors own 73.57% of the company’s stock.

CSX Stock Performance

Shares of NASDAQ:CSX opened at $32.73 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23. The business’s fifty day moving average price is $33.82 and its two-hundred day moving average price is $33.95. CSX Co. has a fifty-two week low of $31.43 and a fifty-two week high of $40.12. The stock has a market capitalization of $63.12 billion, a price-to-earnings ratio of 17.60, a price-to-earnings-growth ratio of 1.93 and a beta of 1.22.

CSX (NASDAQ:CSX) last posted its earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share 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 firm had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.68 billion. During the same period in the previous year, the company posted $0.42 EPS. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, analysts predict that CSX Co. will post 1.83 EPS for the current fiscal year.

Analyst Ratings Changes

CSX has been the topic of a number of recent analyst reports. Stephens dropped their price objective on CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Susquehanna cut their price target on CSX from $40.00 to $39.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Stifel Nicolaus lowered their price objective on shares of CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. TD Cowen cut their target price on shares of CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. Finally, Barclays decreased their price target on shares of CSX from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $38.65.

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.