Sage Capital Advisors llc Raises Stock Holdings in CSX Co. (NASDAQ:CSX)

Sage Capital Advisors llc boosted its holdings in shares of CSX Co. (NASDAQ:CSX) by 0.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 114,697 shares of the transportation company’s stock after purchasing an additional 563 shares during the quarter. Sage Capital Advisors llc’s holdings in CSX were worth $3,701,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Itau Unibanco Holding S.A. acquired a new position in CSX in the second quarter worth about $26,000. Valley Wealth Managers Inc. lifted its holdings in CSX by 177.8% during the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after buying an additional 480 shares during the last quarter. Morton Brown Family Wealth LLC bought a new stake in shares of CSX in the 3rd quarter valued at approximately $31,000. Fairscale Capital LLC acquired a new stake in shares of CSX during the 2nd quarter valued at approximately $32,000. Finally, Strategic Financial Concepts LLC bought a new position in CSX during the second quarter worth $33,000. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

CSX Trading Down 1.0 %

Shares of NASDAQ:CSX traded down $0.31 during midday trading on Friday, reaching $31.89. The company had a trading volume of 6,076,617 shares, compared to its average volume of 12,182,443. The company has a fifty day simple moving average of $34.12 and a two-hundred day simple moving average of $33.99. The firm has a market cap of $61.50 billion, a price-to-earnings ratio of 17.15, a price-to-earnings-growth ratio of 2.24 and a beta of 1.22. CSX Co. has a 1-year low of $31.43 and a 1-year 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.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $3.68 billion. During the same period in the prior year, the business posted $0.42 EPS. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. Research analysts predict that CSX Co. will post 1.84 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Susquehanna lowered their target price on shares of CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research note on Wednesday. TD Cowen cut their target price on shares of CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. Loop Capital cut their price target on CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Jefferies Financial Group upgraded shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Friday. Finally, Wells Fargo & Company decreased their target price on shares of CSX from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Thursday, October 17th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, CSX has a consensus rating of “Moderate Buy” and an average target price of $38.67.

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.