Dynamic Advisor Solutions LLC Has $1.14 Million Position in CSX Co. (NASDAQ:CSX)

Dynamic Advisor Solutions LLC cut its position in CSX Co. (NASDAQ:CSX) by 7.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,299 shares of the transportation company’s stock after selling 2,947 shares during the period. Dynamic Advisor Solutions LLC’s holdings in CSX were worth $1,139,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CSX. State Street Corp raised its stake in shares of CSX by 0.6% in the 3rd quarter. State Street Corp now owns 82,250,713 shares of the transportation company’s stock valued at $2,840,117,000 after purchasing an additional 455,258 shares during the period. Geode Capital Management LLC raised its position in CSX by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 40,906,826 shares of the transportation company’s stock valued at $1,407,087,000 after buying an additional 190,346 shares during the last quarter. Fisher Asset Management LLC lifted its stake in CSX by 3.6% in the 3rd quarter. Fisher Asset Management LLC now owns 24,656,931 shares of the transportation company’s stock valued at $851,404,000 after acquiring an additional 857,302 shares in the last quarter. FMR LLC boosted its position in CSX by 10.2% during the 3rd quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock worth $539,112,000 after acquiring an additional 1,447,651 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of CSX by 6.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,745,972 shares of the transportation company’s stock worth $440,118,000 after acquiring an additional 737,221 shares in the last quarter. 73.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CSX has been the topic of a number of research reports. Evercore ISI cut their price objective on shares of CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Raymond James restated an “outperform” rating and set a $37.00 price objective (down from $38.00) on shares of CSX in a research note on Friday. Jefferies Financial Group raised CSX from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Friday, January 10th. Royal Bank of Canada reduced their price target on CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a research report on Friday. Finally, Robert W. Baird lowered their price target on CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $37.68.

CSX Stock Down 2.9 %

Shares of CSX opened at $32.69 on Monday. The firm’s 50-day simple moving average is $33.53 and its 200 day simple moving average is $33.95. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39. The firm has a market cap of $63.04 billion, a P/E ratio of 17.58, a price-to-earnings-growth ratio of 2.06 and a beta of 1.22. CSX Co. has a 52 week low of $31.43 and a 52 week high of $40.12.

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

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.