CHICAGO TRUST Co NA Reduces Stock Position in CSX Co. (NASDAQ:CSX)

CHICAGO TRUST Co NA decreased its position in shares of CSX Co. (NASDAQ:CSX) by 13.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,012 shares of the transportation company’s stock after selling 2,706 shares during the quarter. CHICAGO TRUST Co NA’s holdings in CSX were worth $581,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Interval Partners LP raised its position in shares of CSX by 849.0% during the 2nd quarter. Interval Partners LP now owns 5,118,751 shares of the transportation company’s stock worth $171,222,000 after purchasing an additional 4,579,344 shares during the last quarter. Assenagon Asset Management S.A. increased its position in CSX by 318.5% during the third quarter. Assenagon Asset Management S.A. now owns 3,270,966 shares of the transportation company’s stock worth $112,946,000 after buying an additional 2,489,329 shares in the last quarter. Wulff Hansen & CO. raised its holdings in shares of CSX by 3,243.0% in the second quarter. Wulff Hansen & CO. now owns 2,192,246 shares of the transportation company’s stock worth $73,331,000 after acquiring an additional 2,126,668 shares during the last quarter. Bank of Montreal Can lifted its position in shares of CSX by 38.7% in the second quarter. Bank of Montreal Can now owns 6,749,827 shares of the transportation company’s stock valued at $225,917,000 after acquiring an additional 1,884,998 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of CSX by 10.2% during the third quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock valued at $539,112,000 after acquiring an additional 1,447,651 shares during the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Trading Up 0.3 %

Shares of CSX stock opened at $31.89 on Tuesday. CSX Co. has a fifty-two week low of $31.43 and a fifty-two week high of $40.12. The firm’s 50 day moving average price is $34.06 and its two-hundred day moving average price is $33.99. The stock has a market cap of $61.50 billion, a price-to-earnings ratio of 17.15, a price-to-earnings-growth ratio of 2.24 and a beta of 1.22. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX) last posted its earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.02). CSX had a net margin of 24.77% and a return on equity of 28.92%. The business 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 firm posted $0.42 EPS. The business’s revenue was up 1.3% compared to the same quarter last year. On average, analysts anticipate that CSX Co. will post 1.84 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Stephens reduced their target price on shares of CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Citigroup upped their price objective on shares of CSX from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. BMO Capital Markets lowered their target price on shares of CSX from $40.00 to $39.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Wells Fargo & Company reduced their price target on CSX from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 17th. Finally, TD Cowen lowered their price objective on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, CSX has a consensus rating of “Moderate Buy” and a consensus price target of $38.67.

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.