Skandinaviska Enskilda Banken AB publ Sells 7,638 Shares of CSX Co. (NASDAQ:CSX)

Skandinaviska Enskilda Banken AB publ lowered its holdings in CSX Co. (NASDAQ:CSXFree Report) by 1.9% in the third quarter, HoldingsChannel.com reports. The firm owned 389,836 shares of the transportation company’s stock after selling 7,638 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in CSX were worth $11,995,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CSX. Bornite Capital Management LP bought a new stake in CSX in the 1st quarter valued at about $14,980,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of CSX by 6.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,158,544 shares of the transportation company’s stock worth $230,637,000 after acquiring an additional 347,514 shares during the period. Blair William & Co. IL lifted its holdings in shares of CSX by 12.7% during the 1st quarter. Blair William & Co. IL now owns 122,334 shares of the transportation company’s stock worth $4,581,000 after acquiring an additional 13,829 shares during the period. Sei Investments Co. lifted its holdings in shares of CSX by 4.5% during the 1st quarter. Sei Investments Co. now owns 195,872 shares of the transportation company’s stock worth $7,361,000 after acquiring an additional 8,488 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in shares of CSX by 16.8% during the 1st quarter. Cetera Investment Advisers now owns 71,521 shares of the transportation company’s stock worth $2,678,000 after acquiring an additional 10,276 shares during the period. Institutional investors own 72.76% of the company’s stock.

CSX Stock Down 0.5 %

CSX opened at $36.89 on Friday. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.05 and a quick ratio of 1.00. The company’s 50-day moving average is $34.78 and its 200 day moving average is $32.33. CSX Co. has a fifty-two week low of $27.60 and a fifty-two week high of $37.37. The firm has a market capitalization of $72.90 billion, a P/E ratio of 20.05, a PEG ratio of 2.14 and a beta of 1.19.

CSX (NASDAQ:CSXGet Free Report) last released its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. CSX had a net margin of 25.35% and a return on equity of 30.52%. The company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.63 billion. During the same period last year, the firm earned $0.49 earnings per share. The firm’s revenue was down 1.3% on a year-over-year basis. Research analysts expect that CSX Co. will post 1.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CSX. JPMorgan Chase & Co. cut their price target on shares of CSX from $40.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, December 21st. BMO Capital Markets upped their price target on shares of CSX from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Raymond James upped their price target on shares of CSX from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Tuesday, January 16th. Susquehanna raised shares of CSX from a “neutral” rating to a “positive” rating in a report on Monday, January 8th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $34.00 price objective on shares of CSX in a research note on Thursday, January 25th. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, CSX currently has an average rating of “Moderate Buy” and a consensus target price of $36.24.

Get Our Latest Analysis on CSX

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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