Orca Wealth Management LLC Buys Shares of 63,785 CSX Co. (NASDAQ:CSX)

Orca Wealth Management LLC purchased a new stake in shares of CSX Co. (NASDAQ:CSX) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 63,785 shares of the transportation company’s stock, valued at approximately $2,058,000. CSX makes up approximately 1.9% of Orca Wealth Management LLC’s holdings, making the stock its 17th biggest holding.

Other institutional investors also recently modified their holdings of the company. Valley Wealth Managers Inc. increased 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 acquiring an additional 480 shares during the period. Morton Brown Family Wealth LLC bought a new stake in CSX during the 3rd quarter worth approximately $31,000. Addison Advisors LLC increased its holdings in CSX by 348.5% during the 3rd quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock worth $36,000 after acquiring an additional 812 shares during the period. Fortitude Family Office LLC increased its holdings in CSX by 43.4% during the 3rd quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock worth $38,000 after acquiring an additional 336 shares during the period. Finally, Jamison Private Wealth Management Inc. increased its holdings in CSX by 33.7% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 1,253 shares of the transportation company’s stock worth $43,000 after acquiring an additional 316 shares during the period. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

CSX Trading Down 2.9 %

NASDAQ:CSX opened at $32.68 on Wednesday. The company has a 50-day moving average price of $33.51 and a 200-day moving average price of $33.96. CSX Co. has a 12 month low of $31.43 and a 12 month 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 stock has a market cap of $63.02 billion, a price-to-earnings ratio of 17.57, a P/E/G ratio of 2.06 and a beta of 1.22.

CSX (NASDAQ:CSX) last posted its earnings results on Thursday, January 23rd. The transportation company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. Equities analysts predict that CSX Co. will post 1.83 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CSX. TD Cowen decreased their price target 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. Stifel Nicolaus decreased their price target 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. Loop Capital decreased their price target on shares of 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 raised shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research note on Friday, January 10th. Finally, Royal Bank of Canada cut their price objective on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a research note on Friday, January 24th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $37.58.

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.