CSX Co. (NASDAQ:CSX) Shares Sold by Community Trust & Investment Co.

Community Trust & Investment Co. cut its holdings in shares of CSX Co. (NASDAQ:CSX) by 7.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 27,354 shares of the transportation company’s stock after selling 2,100 shares during the period. Community Trust & Investment Co.’s holdings in CSX were worth $883,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. lifted its holdings in CSX by 20.8% during 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 purchasing an additional 80,423 shares in the last quarter. Diversified Trust Co lifted its stake in CSX by 180.7% in the 4th quarter. Diversified Trust Co now owns 72,197 shares of the transportation company’s stock valued at $2,330,000 after buying an additional 46,473 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in 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 buying an additional 24,430 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in CSX by 3.4% in the 3rd quarter. Principal Financial Group Inc. now owns 2,348,543 shares of the transportation company’s stock worth $81,095,000 after buying an additional 77,488 shares during the last quarter. Finally, William B. Walkup & Associates Inc. purchased a new stake in CSX during the 2nd quarter worth approximately $867,000. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CSX. Loop Capital decreased their target price on 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 lowered their target price on shares of CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Citigroup raised their price target on shares of CSX from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Stifel Nicolaus dropped their price objective on shares of CSX from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Finally, Susquehanna decreased their target price on shares of CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.67.

CSX Stock Performance

Shares of CSX opened at $32.14 on Wednesday. The stock has a 50-day simple moving average of $34.03 and a 200-day simple moving average of $33.98. 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 Co. has a 1 year low of $31.43 and a 1 year high of $40.12. The stock has a market capitalization of $61.98 billion, a PE ratio of 17.28, a PEG ratio of 2.21 and a beta of 1.20.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). The firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.68 billion. CSX had a net margin of 24.77% and a return on equity of 28.92%. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.42 earnings per share. On average, analysts predict that CSX Co. will post 1.84 earnings per share for the current fiscal 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.