Braun Bostich & Associates Inc. Lowers Stock Holdings in CSX Co. (NASDAQ:CSX)

Braun Bostich & Associates Inc. lowered its position in shares of CSX Co. (NASDAQ:CSX) by 8.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,278 shares of the transportation company’s stock after selling 555 shares during the period. Braun Bostich & Associates Inc.’s holdings in CSX were worth $203,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CSX. Valley Wealth Managers Inc. boosted its stake in CSX by 177.8% in the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after buying an additional 480 shares in the last quarter. Morton Brown Family Wealth LLC purchased a new stake in shares of CSX in the 3rd quarter valued at $31,000. Addison Advisors LLC grew its holdings in shares of CSX by 348.5% during the 3rd quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 812 shares during the last quarter. Fortitude Family Office LLC raised its position in CSX by 43.4% in the 3rd quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock worth $38,000 after purchasing an additional 336 shares during the period. Finally, Jamison Private Wealth Management Inc. lifted its stake in CSX by 33.7% in the third quarter. Jamison Private Wealth Management Inc. now owns 1,253 shares of the transportation company’s stock worth $43,000 after purchasing an additional 316 shares during the last quarter. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

CSX Trading Up 1.6 %

NASDAQ:CSX opened at $33.27 on Wednesday. The firm has a market capitalization of $64.16 billion, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 2.02 and a beta of 1.22. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23. The business has a fifty day moving average price of $33.74 and a 200-day moving average price of $33.95. CSX Co. has a one year low of $31.43 and a one year high of $40.12.

Analyst Ratings Changes

Several equities research analysts have weighed in on CSX shares. Stifel Nicolaus dropped their price target on shares of CSX from $39.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Wells Fargo & Company reduced their price target on CSX from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Thursday, October 17th. Susquehanna cut their price objective on shares of CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Barclays dropped their target price on shares of CSX from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, Evercore ISI reduced their price target on shares of CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.65.

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.