CSX Co. (NASDAQ:CSX) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC trimmed its position in shares of CSX Co. (NASDAQ:CSXFree Report) by 2.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 902,581 shares of the transportation company’s stock after selling 19,747 shares during the period. Corient Private Wealth LLC’s holdings in CSX were worth $27,755,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Albion Financial Group UT acquired a new position in CSX during the 2nd quarter valued at about $26,000. Fortis Capital Advisors LLC acquired a new stake in shares of CSX in the 4th quarter worth approximately $27,000. WFA of San Diego LLC acquired a new stake in shares of CSX in the 2nd quarter worth approximately $29,000. Caldwell Sutter Capital Inc. lifted its stake in shares of CSX by 64.2% in the 2nd quarter. Caldwell Sutter Capital Inc. now owns 921 shares of the transportation company’s stock worth $31,000 after acquiring an additional 360 shares during the period. Finally, Venturi Wealth Management LLC lifted its stake in shares of CSX by 228.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 995 shares of the transportation company’s stock worth $31,000 after acquiring an additional 692 shares during the period. 72.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CSX shares. Barclays reduced their price target on shares of CSX from $40.00 to $38.00 in a research note on Wednesday, October 4th. BMO Capital Markets boosted their price target on shares of CSX from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday. StockNews.com upgraded shares of CSX from a “hold” rating to a “buy” rating in a report on Tuesday. Benchmark restated a “buy” rating and set a $38.00 price target on shares of CSX in a report on Thursday. Finally, Raymond James boosted their price target on shares of CSX from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Tuesday, January 16th. Four research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, CSX has an average rating of “Moderate Buy” and a consensus price target of $36.17.

Read Our Latest Analysis on CSX

CSX Stock Performance

Shares of NASDAQ CSX traded up $0.39 during trading hours on Friday, hitting $35.39. 21,484,542 shares of the stock were exchanged, compared to its average volume of 11,891,099. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.14 and a quick ratio of 1.00. The company’s 50 day moving average is $33.89 and its 200 day moving average is $32.11. The firm has a market capitalization of $69.94 billion, a P/E ratio of 19.02, a P/E/G ratio of 2.56 and a beta of 1.18. CSX Co. has a one year low of $27.60 and a one year high of $35.50.

CSX (NASDAQ:CSXGet Free Report) last posted its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.01. CSX had a net margin of 25.35% and a return on equity of 30.48%. The business had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.63 billion. During the same period in the prior year, the firm earned $0.49 EPS. CSX’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, research analysts expect that CSX Co. will post 1.97 EPS for the current year.

About CSX

(Free Report)

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 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.

Further Reading

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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