CSX Co. (NASDAQ:CSX) Shares Sold by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC trimmed its position in CSX Co. (NASDAQ:CSX) by 11.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 40,955 shares of the transportation company’s stock after selling 5,124 shares during the period. Foundations Investment Advisors LLC’s holdings in CSX were worth $1,322,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CSX. Dark Forest Capital Management LP acquired a new stake in shares of CSX in the 2nd quarter valued at $221,000. Creative Planning boosted its position in shares of CSX by 27.5% during the 2nd quarter. Creative Planning now owns 621,083 shares of the transportation company’s stock valued at $20,775,000 after acquiring an additional 134,104 shares in the last quarter. NewEdge Advisors LLC raised its stake in CSX by 33.5% during the second quarter. NewEdge Advisors LLC now owns 105,929 shares of the transportation company’s stock worth $3,543,000 after acquiring an additional 26,610 shares in the last quarter. Kimelman & Baird LLC bought a new position in CSX during the 2nd quarter valued at about $271,000. Finally, IMS Capital Management boosted its holdings in shares of CSX by 11.4% in the 2nd quarter. IMS Capital Management now owns 11,201 shares of the transportation company’s stock worth $376,000 after acquiring an additional 1,150 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Trading Down 2.9 %

Shares of CSX stock opened at $32.68 on Wednesday. The company has a market capitalization of $63.02 billion, a PE ratio of 17.57, a price-to-earnings-growth ratio of 2.06 and a beta of 1.22. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43. CSX Co. has a 12-month low of $31.43 and a 12-month high of $40.12. The firm has a 50 day moving average price of $33.51 and a two-hundred day moving average price of $33.96.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a net margin of 24.77% and a return on equity of 28.92%. As a group, analysts predict that CSX Co. will post 1.83 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on CSX shares. TD Cowen decreased their price objective on shares of CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. Benchmark reissued a “buy” rating and issued a $38.00 target price on shares of CSX in a research note on Monday. JPMorgan Chase & Co. reduced their price target on shares of CSX from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Stifel Nicolaus decreased their price objective on CSX from $39.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Finally, Raymond James reiterated an “outperform” rating and set a $37.00 target price (down previously from $38.00) on shares of CSX in a report on Friday, January 24th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $37.58.

CSX Company 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.