CSX Co. (NASDAQ:CSX) Shares Sold by Waldron Private Wealth LLC

Waldron Private Wealth LLC reduced its position in shares of CSX Co. (NASDAQ:CSX) by 10.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,010 shares of the transportation company’s stock after selling 1,312 shares during the quarter. Waldron Private Wealth LLC’s holdings in CSX were worth $355,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Perpetual Ltd acquired a new stake in CSX in the fourth quarter valued at approximately $83,301,000. Assenagon Asset Management S.A. grew its stake in CSX by 318.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,270,966 shares of the transportation company’s stock valued at $112,946,000 after acquiring an additional 2,489,329 shares during the period. FMR LLC increased its holdings in CSX by 10.2% in the 3rd quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock worth $539,112,000 after acquiring an additional 1,447,651 shares in the last quarter. KBC Group NV raised its position in CSX by 616.4% during the fourth quarter. KBC Group NV now owns 1,114,542 shares of the transportation company’s stock worth $35,966,000 after acquiring an additional 958,957 shares during the period. Finally, Svenska Handelsbanken AB publ purchased a new position in CSX during the third quarter valued at $31,018,000. 73.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Wells Fargo & Company cut their target price on shares of CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Stephens reissued an “overweight” rating and set a $38.00 target price on shares of CSX in a report on Friday, January 24th. Barclays lowered their price target on CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Raymond James reissued an “outperform” rating and issued a $37.00 price objective (down from $38.00) on shares of CSX in a research note on Friday, January 24th. Finally, BMO Capital Markets lowered their target price on shares of CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, January 24th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, CSX presently has a consensus rating of “Moderate Buy” and an average target price of $37.58.

CSX Stock Up 0.0 %

Shares of CSX opened at $32.87 on Friday. The company’s 50-day moving average price is $33.33 and its 200 day moving average price is $33.92. CSX Co. has a 12-month low of $31.43 and a 12-month high of $40.12. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The firm has a market cap of $63.39 billion, a P/E ratio of 18.36, a price-to-earnings-growth ratio of 1.90 and a beta of 1.22.

CSX (NASDAQ:CSX) last released its quarterly earnings results 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%. On average, sell-side analysts forecast that CSX Co. will post 1.88 earnings per share for the current year.

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.