Tudor Financial Inc. Acquires 1,463 Shares of CSX Co. (NASDAQ:CSX)

Tudor Financial Inc. raised its stake in CSX Co. (NASDAQ:CSX) by 10.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,152 shares of the transportation company’s stock after acquiring an additional 1,463 shares during the period. Tudor Financial Inc.’s holdings in CSX were worth $489,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. UMB Bank n.a. raised its stake in shares of CSX by 1.1% in the fourth quarter. UMB Bank n.a. now owns 58,048 shares of the transportation company’s stock worth $1,873,000 after buying an additional 642 shares during the period. M.E. Allison & CO. Inc. purchased a new position in shares of CSX in the 4th quarter worth approximately $218,000. Willner & Heller LLC lifted its stake in shares of CSX by 4.2% during the 4th quarter. Willner & Heller LLC now owns 8,689 shares of the transportation company’s stock worth $280,000 after acquiring an additional 350 shares during the last quarter. Diversify Wealth Management LLC raised its position in CSX by 2.2% during the 4th quarter. Diversify Wealth Management LLC now owns 19,423 shares of the transportation company’s stock valued at $617,000 after purchasing an additional 424 shares in the last quarter. Finally, My Legacy Advisors LLC raised its position in CSX by 13.0% during the 4th quarter. My Legacy Advisors LLC now owns 17,108 shares of the transportation company’s stock valued at $555,000 after purchasing an additional 1,963 shares in the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Loop Capital dropped their target price on CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Barclays lowered their price objective on CSX from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday. Stephens decreased their price target on CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Jefferies Financial Group upgraded CSX from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Friday, January 10th. Finally, Wells Fargo & Company cut their price target on CSX from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 17th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $38.65.

CSX Stock Performance

CSX opened at $32.73 on Tuesday. The business has a fifty day simple moving average of $33.82 and a 200 day simple moving average of $33.96. The company has a market capitalization of $63.12 billion, a PE ratio of 17.60, a price-to-earnings-growth ratio of 1.93 and a beta of 1.22. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23. CSX Co. has a 1 year low of $31.43 and a 1 year high of $40.12.

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.