CSX Co. (NASDAQ:CSX) Shares Sold by FC Advisory LLC

FC Advisory LLC decreased its holdings in CSX Co. (NASDAQ:CSX) by 14.0% in the fourth quarter, Holdings Channel reports. The fund owned 12,382 shares of the transportation company’s stock after selling 2,018 shares during the period. FC Advisory LLC’s holdings in CSX were worth $400,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cullen Frost Bankers Inc. grew its stake in shares of CSX by 184.8% in the second quarter. Cullen Frost Bankers Inc. now owns 9,337 shares of the transportation company’s stock valued at $312,000 after buying an additional 6,058 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of CSX in the second quarter valued at approximately $33,000. Acadian Asset Management LLC increased its stake in CSX by 654.4% during the 2nd quarter. Acadian Asset Management LLC now owns 324,399 shares of the transportation company’s stock worth $10,847,000 after buying an additional 281,400 shares during the period. Caprock Group LLC lifted its holdings in CSX by 57.3% during the 2nd quarter. Caprock Group LLC now owns 35,699 shares of the transportation company’s stock worth $1,194,000 after buying an additional 13,005 shares in the last quarter. Finally, Quest Partners LLC boosted its position in CSX by 19.3% in the 2nd quarter. Quest Partners LLC now owns 77,960 shares of the transportation company’s stock valued at $2,608,000 after buying an additional 12,599 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Trading Up 0.6 %

CSX traded up $0.18 during midday trading on Tuesday, hitting $32.18. The company’s stock had a trading volume of 4,673,068 shares, compared to its average volume of 12,349,023. CSX Co. has a 52-week low of $31.43 and a 52-week high of $40.12. The firm has a 50-day moving average price of $34.20 and a two-hundred day moving average price of $34.02. The firm has a market cap of $62.06 billion, a P/E ratio of 17.30, a PEG ratio of 2.24 and a beta of 1.22. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.68 billion. During the same quarter in the previous year, the company earned $0.42 earnings per share. The company’s quarterly revenue was up 1.3% on a year-over-year basis. On average, research analysts anticipate that CSX Co. will post 1.84 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CSX. Wells Fargo & Company lowered their price objective on CSX from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Thursday, October 17th. BMO Capital Markets lowered their price target on CSX from $40.00 to $39.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Loop Capital reduced their price objective on shares of CSX from $43.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. TD Cowen reduced their price objective on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. Finally, Stifel Nicolaus reduced their target price on shares of CSX from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.78.

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.