West Branch Capital LLC Grows Position in CSX Co. (NASDAQ:CSX)

West Branch Capital LLC lifted its holdings in CSX Co. (NASDAQ:CSX) by 3.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,317 shares of the transportation company’s stock after buying an additional 332 shares during the quarter. West Branch Capital LLC’s holdings in CSX were worth $333,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Avior Wealth Management LLC grew its position in shares of CSX by 2.5% during the 3rd quarter. Avior Wealth Management LLC now owns 11,790 shares of the transportation company’s stock worth $407,000 after buying an additional 293 shares in the last quarter. Lake Street Advisors Group LLC lifted its position in shares of CSX by 1.8% in the 3rd quarter. Lake Street Advisors Group LLC now owns 17,246 shares of the transportation company’s stock worth $595,000 after purchasing an additional 306 shares during the period. Rehmann Capital Advisory Group boosted its stake in shares of CSX by 1.3% during the third quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company’s stock valued at $830,000 after purchasing an additional 306 shares in the last quarter. J.W. Cole Advisors Inc. increased its holdings in CSX by 0.9% during the third quarter. J.W. Cole Advisors Inc. now owns 35,401 shares of the transportation company’s stock valued at $1,222,000 after buying an additional 309 shares during the period. Finally, Associated Banc Corp raised its stake in CSX by 0.6% in the third quarter. Associated Banc Corp now owns 55,534 shares of the transportation company’s stock worth $1,918,000 after buying an additional 310 shares in the last quarter. Institutional investors own 73.57% of the company’s stock.

CSX Stock Up 1.6 %

Shares of NASDAQ:CSX opened at $33.27 on Wednesday. CSX Co. has a fifty-two week low of $31.43 and a fifty-two week high of $40.12. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43. The firm’s 50-day simple moving average is $33.74 and its 200-day simple moving average is $33.95. The company has a market cap of $64.16 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 2.02 and a beta of 1.22.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CSX shares. Royal Bank of Canada lowered their target price on shares of CSX from $36.00 to $35.00 and set a “sector perform” rating for the company in a research note on Thursday, October 17th. Wells Fargo & Company lowered their price target on CSX from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Thursday, October 17th. Loop Capital lowered their target price on shares of CSX from $43.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Stifel Nicolaus dropped their price objective on shares of CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Finally, Citigroup lifted their price target on CSX from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.