Proquility Private Wealth Partners LLC Decreases Holdings in CSX Co. (NASDAQ:CSX)

Proquility Private Wealth Partners LLC lowered its position in CSX Co. (NASDAQ:CSX) by 11.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,156 shares of the transportation company’s stock after selling 8,608 shares during the quarter. Proquility Private Wealth Partners LLC’s holdings in CSX were worth $2,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Bourgeon Capital Management LLC boosted its stake in shares of CSX by 1.6% in the 4th quarter. Bourgeon Capital Management LLC now owns 328,024 shares of the transportation company’s stock valued at $10,585,000 after purchasing an additional 5,297 shares in the last quarter. Lockerman Financial Group Inc. lifted its stake in CSX by 9.2% in the fourth quarter. Lockerman Financial Group Inc. now owns 8,330 shares of the transportation company’s stock worth $269,000 after purchasing an additional 702 shares during the last quarter. Clear Harbor Asset Management LLC boosted its position in CSX by 32.8% during the fourth quarter. Clear Harbor Asset Management LLC now owns 24,349 shares of the transportation company’s stock valued at $786,000 after buying an additional 6,019 shares during the period. Perpetual Ltd bought a new position in shares of CSX during the fourth quarter valued at about $83,301,000. Finally, ARS Investment Partners LLC increased its holdings in shares of CSX by 20.4% in the fourth quarter. ARS Investment Partners LLC now owns 7,080 shares of the transportation company’s stock worth $228,000 after buying an additional 1,200 shares during the period. 73.57% of the stock is currently owned by institutional investors.

CSX Stock Up 1.6 %

CSX stock opened at $33.27 on Wednesday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23. 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 $64.16 billion, a P/E ratio of 17.89, a P/E/G ratio of 2.02 and a beta of 1.22. The business has a fifty day moving average price of $33.74 and a 200-day moving average price of $33.95.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CSX shares. Citigroup raised their price target on CSX from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Stifel Nicolaus cut their target price on shares of CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Royal Bank of Canada dropped their price objective on CSX from $36.00 to $35.00 and set a “sector perform” rating for the company in a report on Thursday, October 17th. Loop Capital cut their target price on shares of CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Finally, Susquehanna decreased their price target on shares of CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.