Bartlett & CO. Wealth Management LLC Grows Stake in CSX Co. (NASDAQ:CSX)

Bartlett & CO. Wealth Management LLC lifted its stake in CSX Co. (NASDAQ:CSX) by 37.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,273 shares of the transportation company’s stock after buying an additional 35,206 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in CSX were worth $4,204,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. State Street Corp raised its position in shares of CSX by 0.6% in the 3rd quarter. State Street Corp now owns 82,250,713 shares of the transportation company’s stock valued at $2,840,117,000 after purchasing an additional 455,258 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of CSX by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 40,906,826 shares of the transportation company’s stock valued at $1,407,087,000 after acquiring an additional 190,346 shares during the last quarter. Fisher Asset Management LLC lifted its stake in CSX by 3.6% during the third quarter. Fisher Asset Management LLC now owns 24,656,931 shares of the transportation company’s stock worth $851,404,000 after purchasing an additional 857,302 shares during the last quarter. FMR LLC boosted its holdings in CSX by 10.2% in the third quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock worth $539,112,000 after purchasing an additional 1,447,651 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in CSX by 6.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,745,972 shares of the transportation company’s stock valued at $440,118,000 after purchasing an additional 737,221 shares during the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Stock Performance

Shares of NASDAQ CSX opened at $33.67 on Friday. The stock’s fifty day simple moving average is $33.62 and its 200 day simple moving average is $33.95. The stock has a market capitalization of $64.93 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 2.05 and a beta of 1.22. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43. 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 Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. As a group, sell-side analysts forecast that CSX Co. will post 1.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. TD Cowen decreased their price target on shares of CSX from $36.00 to $35.00 and set a “hold” rating for the company in a report on Thursday, October 17th. Stifel Nicolaus lowered their target price on CSX from $39.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Barclays cut their price target on CSX from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Stephens cut their target price on CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Finally, Evercore ISI cut their price objective on shares of CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.