Argent Trust Co Has $2.70 Million Stock Holdings in CSX Co. (NASDAQ:CSX)

Argent Trust Co trimmed its position in CSX Co. (NASDAQ:CSXFree Report) by 3.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,675 shares of the transportation company’s stock after selling 3,139 shares during the period. Argent Trust Co’s holdings in CSX were worth $2,696,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Moneta Group Investment Advisors LLC raised its holdings in CSX by 101,926.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 23,323,241 shares of the transportation company’s stock worth $722,554,000 after buying an additional 23,300,381 shares during the period. Capital International Investors raised its holdings in shares of CSX by 181.1% in the second quarter. Capital International Investors now owns 31,241,274 shares of the transportation company’s stock valued at $1,065,128,000 after purchasing an additional 20,126,839 shares during the last quarter. Norges Bank acquired a new stake in shares of CSX in the fourth quarter valued at approximately $621,349,000. First Trust Advisors LP raised its holdings in shares of CSX by 558.0% in the first quarter. First Trust Advisors LP now owns 6,800,925 shares of the transportation company’s stock valued at $203,620,000 after purchasing an additional 5,767,302 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of CSX by 395.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 5,208,520 shares of the transportation company’s stock valued at $195,059,000 after purchasing an additional 4,158,204 shares during the last quarter. 72.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CSX shares. JPMorgan Chase & Co. decreased their target price on shares of CSX from $40.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday, December 21st. Benchmark reissued a “buy” rating and issued a $38.00 target price on shares of CSX in a research note on Thursday, January 25th. BMO Capital Markets raised their target price on shares of CSX from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Raymond James raised their target price on shares of CSX from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Tuesday, January 16th. Finally, TD Cowen lifted their price objective on shares of CSX from $32.00 to $36.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, CSX presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.24.

View Our Latest Stock Report on CSX

CSX Trading Down 0.5 %

Shares of CSX stock opened at $36.33 on Monday. The firm has a 50-day moving average of $34.32 and a 200-day moving average of $32.19. The stock has a market cap of $71.79 billion, a PE ratio of 19.85, a PEG ratio of 2.12 and a beta of 1.19. CSX Co. has a 52-week low of $27.60 and a 52-week high of $36.75. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.00 and a current ratio of 1.05.

CSX (NASDAQ:CSXGet Free Report) last posted its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.63 billion. CSX had a return on equity of 30.52% and a net margin of 25.35%. CSX’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 earnings per share. As a group, sell-side analysts forecast that CSX Co. will post 1.96 EPS for the current year.

CSX Company Profile

(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.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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