Collective Family Office LLC lessened its position in CSX Co. (NASDAQ:CSX – Free Report) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,466 shares of the transportation company’s stock after selling 443 shares during the period. Collective Family Office LLC’s holdings in CSX were worth $338,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of CSX. Itau Unibanco Holding S.A. acquired a new position in shares of CSX during the second quarter valued at $26,000. Valley Wealth Managers Inc. grew its position in CSX by 177.8% in the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock valued at $26,000 after buying an additional 480 shares in the last quarter. Morton Brown Family Wealth LLC bought a new stake in shares of CSX during the 3rd quarter worth about $31,000. Fairscale Capital LLC bought a new stake in shares of CSX during the 2nd quarter worth about $32,000. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of CSX in the 2nd quarter worth approximately $33,000. 73.57% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
CSX has been the topic of several research reports. Susquehanna dropped their price target on shares of CSX from $42.00 to $40.00 and set a “positive” rating on the stock in a research report on Thursday, October 17th. BMO Capital Markets dropped their target price on shares of CSX from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Stifel Nicolaus reduced their target price on shares of CSX from $39.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Barclays upped their price target on CSX from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Finally, Wells Fargo & Company reduced their price objective on CSX from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Thursday, October 17th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $38.78.
CSX Stock Down 0.5 %
NASDAQ CSX traded down $0.15 during trading on Wednesday, hitting $32.04. 3,192,164 shares of the company traded hands, compared to its average volume of 12,157,620. CSX Co. has a 12 month low of $31.43 and a 12 month high of $40.12. The business has a fifty day simple moving average of $34.18 and a 200 day simple moving average of $34.02. The company has a market capitalization of $61.79 billion, a P/E ratio of 17.23, a PEG ratio of 2.24 and a beta of 1.22. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43.
CSX (NASDAQ:CSX – Get Free Report) last posted its earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. The company had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.68 billion. During the same quarter last year, the firm posted $0.42 earnings per share. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, sell-side analysts predict that CSX Co. will post 1.84 EPS for the current year.
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.
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