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

Revolve Wealth Partners LLC trimmed its position in CSX Co. (NASDAQ:CSX) by 8.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,729 shares of the transportation company’s stock after selling 1,385 shares during the quarter. Revolve Wealth Partners LLC’s holdings in CSX were worth $475,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Valley Wealth Managers Inc. lifted its holdings in CSX by 177.8% in the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 480 shares during the last quarter. Morton Brown Family Wealth LLC acquired a new position in shares of CSX in the 3rd quarter valued at $31,000. Addison Advisors LLC lifted its stake in shares of CSX by 348.5% in the 3rd quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 812 shares during the last quarter. Fortitude Family Office LLC increased its position in shares of CSX by 43.4% during the 3rd quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock worth $38,000 after purchasing an additional 336 shares during the last quarter. Finally, Jamison Private Wealth Management Inc. increased its position in shares of CSX by 33.7% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 1,253 shares of the transportation company’s stock worth $43,000 after purchasing an additional 316 shares during the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Trading Up 2.9 %

CSX opened at $33.64 on Tuesday. The business’s 50-day simple moving average is $33.53 and its 200-day simple moving average is $33.96. The company has a market cap of $64.87 billion, a P/E ratio of 18.09, a PEG ratio of 2.06 and a beta of 1.22. CSX Co. has a one year low of $31.43 and a one year 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 1.39.

CSX (NASDAQ:CSX) last posted its 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 24.77% and a return on equity of 28.92%. As a group, equities research analysts expect that CSX Co. will post 1.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CSX has been the subject of several research analyst reports. Susquehanna lowered their target price on shares of CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Stephens reissued an “overweight” rating and issued a $38.00 target price on shares of CSX in a research report on Friday. Jefferies Financial Group upgraded CSX from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Friday, January 10th. 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. Finally, Raymond James reiterated an “outperform” rating and set a $37.00 price target (down from $38.00) on shares of CSX in a research note on Friday. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, CSX has an average rating of “Moderate Buy” and an average price target of $37.58.

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.