CSX Co. (NASDAQ:CSX) Shares Sold by CFM Wealth Partners LLC

CFM Wealth Partners LLC lessened its stake in CSX Co. (NASDAQ:CSX) by 56.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,998 shares of the transportation company’s stock after selling 11,665 shares during the period. CFM Wealth Partners LLC’s holdings in CSX were worth $290,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of CSX by 20.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 467,399 shares of the transportation company’s stock worth $16,139,000 after acquiring an additional 80,423 shares during the period. Diversified Trust Co grew its holdings in shares of CSX by 180.7% in the 4th quarter. Diversified Trust Co now owns 72,197 shares of the transportation company’s stock worth $2,330,000 after acquiring an additional 46,473 shares during the period. Marshall Financial Group LLC acquired a new stake in shares of CSX in the 4th quarter worth approximately $1,084,000. Thrivent Financial for Lutherans grew its holdings in shares of CSX by 0.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 3,374,499 shares of the transportation company’s stock worth $116,521,000 after acquiring an additional 24,430 shares during the period. Finally, Carnegie Investment Counsel grew its holdings in shares of CSX by 1.4% in the 4th quarter. Carnegie Investment Counsel now owns 612,051 shares of the transportation company’s stock worth $19,751,000 after acquiring an additional 8,474 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Stock Performance

CSX opened at $32.87 on Monday. The company has a market capitalization of $63.39 billion, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 1.90 and a beta of 1.22. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. CSX Co. has a 1-year low of $31.43 and a 1-year high of $40.12. The business has a 50 day moving average price of $33.33 and a two-hundred day moving average price of $33.91.

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

Wall Street Analysts Forecast Growth

CSX has been the topic of a number of recent research reports. Raymond James reaffirmed an “outperform” rating and issued a $37.00 target price (down previously from $38.00) on shares of CSX in a research note on Friday, January 24th. Robert W. Baird reduced their target price on CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, January 24th. BMO Capital Markets reduced their target price on CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, January 24th. Evercore ISI reduced their target price on CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Finally, Stifel Nicolaus reduced their target price on CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, CSX presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.58.

CSX 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.