Choreo LLC Sells 5,478 Shares of CSX Co. (NASDAQ:CSX)

Choreo LLC reduced its position in CSX Co. (NASDAQ:CSX) by 8.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,113 shares of the transportation company’s stock after selling 5,478 shares during the quarter. Choreo LLC’s holdings in CSX were worth $2,031,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CSX. Avior Wealth Management LLC boosted its stake in shares of CSX by 2.5% in the 3rd quarter. Avior Wealth Management LLC now owns 11,790 shares of the transportation company’s stock valued at $407,000 after purchasing an additional 293 shares in the last quarter. Lake Street Advisors Group LLC boosted its stake in shares of CSX by 1.8% in the 3rd quarter. Lake Street Advisors Group LLC now owns 17,246 shares of the transportation company’s stock valued at $595,000 after purchasing an additional 306 shares in the last quarter. Rehmann Capital Advisory Group boosted its stake in shares of CSX by 1.3% in the 3rd quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company’s stock valued at $830,000 after purchasing an additional 306 shares in the last quarter. J.W. Cole Advisors Inc. boosted its position in CSX by 0.9% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 35,401 shares of the transportation company’s stock worth $1,222,000 after buying an additional 309 shares during the period. Finally, Associated Banc Corp boosted its position in CSX by 0.6% during the 3rd quarter. Associated Banc Corp now owns 55,534 shares of the transportation company’s stock worth $1,918,000 after buying an additional 310 shares during the period. 73.57% of the stock is owned by institutional investors.

CSX Stock Performance

Shares of CSX stock opened at $32.59 on Friday. The firm has a market capitalization of $62.85 billion, a PE ratio of 18.21, a price-to-earnings-growth ratio of 1.90 and a beta of 1.23. The firm has a fifty day simple moving average of $33.02 and a two-hundred day simple moving average of $33.86. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. CSX Co. has a 12 month low of $31.43 and a 12 month high of $40.12.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 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%. Analysts forecast that CSX Co. will post 1.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Stifel Nicolaus cut their target price on shares of CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Raymond James reiterated an “outperform” rating and set a $37.00 target price (down from $38.00) on shares of CSX in a research report on Friday, January 24th. Susquehanna cut their target price on shares of CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Evercore ISI cut their target price on shares of CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Finally, Stephens reiterated an “overweight” rating and set a $38.00 target price on shares of CSX in a research report on Friday, January 24th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $37.16.

About CSX

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.