Sumitomo Mitsui Trust Group Inc. Sells 17,749 Shares of CSX Co. (NASDAQ:CSX)

Sumitomo Mitsui Trust Group Inc. decreased its position in CSX Co. (NASDAQ:CSX) by 0.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,841,675 shares of the transportation company’s stock after selling 17,749 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in CSX were worth $156,241,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CSX. Strategic Financial Concepts LLC acquired a new position in CSX in the fourth quarter valued at about $2,936,000. Consolidated Portfolio Review Corp bought a new position in shares of CSX during the 4th quarter valued at about $993,000. Glassy Mountain Advisors Inc. grew its position in shares of CSX by 2.4% in the 4th quarter. Glassy Mountain Advisors Inc. now owns 112,770 shares of the transportation company’s stock valued at $3,639,000 after purchasing an additional 2,641 shares during the period. GHP Investment Advisors Inc. increased its stake in CSX by 2.5% during the 4th quarter. GHP Investment Advisors Inc. now owns 339,453 shares of the transportation company’s stock worth $10,954,000 after purchasing an additional 8,394 shares in the last quarter. Finally, Oakworth Capital Inc. raised its holdings in CSX by 106.1% during the 4th quarter. Oakworth Capital Inc. now owns 15,344 shares of the transportation company’s stock worth $495,000 after buying an additional 7,898 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Stock Down 0.5 %

Shares of CSX stock opened at $32.59 on Friday. CSX Co. has a 52-week low of $31.43 and a 52-week high of $40.12. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. The stock has a market cap of $62.85 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 1.90 and a beta of 1.23. The firm’s 50-day moving average is $33.02 and its 200-day moving average is $33.86.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. Sell-side analysts predict that CSX Co. will post 1.88 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. BMO Capital Markets reduced their price target on shares of CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, January 24th. Barclays lowered their target price on CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Susquehanna cut their price target on CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Citigroup decreased their price objective on CSX from $40.00 to $39.00 and set a “buy” rating for the company in a report on Friday, January 24th. Finally, Stephens restated an “overweight” rating and issued a $38.00 target price on shares of CSX in a research note on Friday, January 24th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.16.

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.