6,858 Shares in CSX Co. (NASDAQ:CSX) Purchased by Pure Financial Advisors LLC

Pure Financial Advisors LLC bought a new stake in CSX Co. (NASDAQ:CSX) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 6,858 shares of the transportation company’s stock, valued at approximately $221,000.

Several other hedge funds have also recently bought and sold shares of CSX. Mirae Asset Global Investments Co. Ltd. boosted its stake in CSX by 20.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 467,399 shares of the transportation company’s stock valued at $16,139,000 after buying an additional 80,423 shares in the last quarter. Diversified Trust Co lifted its holdings in shares of CSX by 180.7% in the fourth quarter. Diversified Trust Co now owns 72,197 shares of the transportation company’s stock worth $2,330,000 after acquiring an additional 46,473 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of CSX by 0.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 3,374,499 shares of the transportation company’s stock valued at $116,521,000 after purchasing an additional 24,430 shares in the last quarter. Carnegie Investment Counsel grew its holdings in shares of CSX by 1.4% during the 4th quarter. Carnegie Investment Counsel now owns 612,051 shares of the transportation company’s stock valued at $19,751,000 after purchasing an additional 8,474 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in CSX by 3.4% during the 3rd quarter. Principal Financial Group Inc. now owns 2,348,543 shares of the transportation company’s stock worth $81,095,000 after purchasing an additional 77,488 shares in the last quarter. 73.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CSX has been the topic of a number of research analyst reports. Loop Capital cut their target price on shares of CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. BMO Capital Markets reduced their price objective on CSX from $40.00 to $39.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Citigroup increased their target price on CSX from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Stephens reduced their price target on CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Finally, TD Cowen lowered their price objective on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $38.65.

CSX Stock Performance

Shares of CSX stock opened at $33.24 on Thursday. The business has a 50-day moving average price of $33.69 and a two-hundred day moving average price of $33.95. CSX Co. has a 1-year low of $31.43 and a 1-year high of $40.12. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The company has a market cap of $64.10 billion, a P/E ratio of 17.87, a PEG ratio of 2.02 and a beta of 1.22.

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.