Dakota Wealth Management Has $370,000 Holdings in CSX Co. (NASDAQ:CSX)

Dakota Wealth Management reduced its holdings in CSX Co. (NASDAQ:CSX) by 2.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,470 shares of the transportation company’s stock after selling 308 shares during the quarter. Dakota Wealth Management’s holdings in CSX were worth $370,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Public Sector Pension Investment Board increased its holdings in CSX by 69.3% during the 2nd quarter. Public Sector Pension Investment Board now owns 74,576 shares of the transportation company’s stock worth $2,495,000 after purchasing an additional 30,531 shares in the last quarter. Daymark Wealth Partners LLC grew its holdings in shares of CSX by 9.6% during the second quarter. Daymark Wealth Partners LLC now owns 32,657 shares of the transportation company’s stock worth $1,092,000 after buying an additional 2,860 shares in the last quarter. Dark Forest Capital Management LP acquired a new stake in CSX in the 2nd quarter valued at approximately $221,000. The Manufacturers Life Insurance Company lifted its stake in CSX by 7.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,570,083 shares of the transportation company’s stock valued at $85,965,000 after acquiring an additional 171,527 shares in the last quarter. Finally, Ninepoint Partners LP boosted its position in CSX by 15.1% during the 2nd quarter. Ninepoint Partners LP now owns 29,654 shares of the transportation company’s stock worth $992,000 after acquiring an additional 3,886 shares during the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Stock Down 2.9 %

CSX opened at $32.69 on Friday. The stock has a fifty day moving average of $33.53 and a 200-day moving average of $33.94. The company has a market capitalization of $63.04 billion, a P/E ratio of 17.58, a P/E/G ratio of 2.06 and a beta of 1.22. CSX Co. has a fifty-two week low of $31.43 and a fifty-two week high of $40.12. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a net margin of 24.77% and a return on equity of 28.92%. On average, equities analysts expect that CSX Co. will post 1.83 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on CSX shares. TD Cowen cut their price objective on shares of CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. Loop Capital cut their price target 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. Evercore ISI decreased their price objective on CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Susquehanna dropped their target price on CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Finally, Stephens restated an “overweight” rating and issued a $38.00 price target on shares of CSX in a research note on Friday. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $37.68.

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.