Financial Strategies Group Inc. Sells 800 Shares of CSX Co. (NASDAQ:CSX)

Financial Strategies Group Inc. reduced its stake in shares of CSX Co. (NASDAQ:CSX) by 3.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,961 shares of the transportation company’s stock after selling 800 shares during the period. Financial Strategies Group Inc.’s holdings in CSX were worth $698,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Clearbridge Investments LLC boosted its holdings in CSX by 1.0% in the 2nd quarter. Clearbridge Investments LLC now owns 66,709 shares of the transportation company’s stock worth $2,231,000 after buying an additional 683 shares during the period. Sanctuary Advisors LLC bought a new position in CSX in the 2nd quarter worth approximately $5,109,000. Czech National Bank boosted its holdings in CSX by 6.0% in the 3rd quarter. Czech National Bank now owns 394,942 shares of the transportation company’s stock worth $13,637,000 after buying an additional 22,356 shares during the period. Handelsbanken Fonder AB boosted its holdings in CSX by 3.9% in the 3rd quarter. Handelsbanken Fonder AB now owns 1,015,840 shares of the transportation company’s stock worth $35,077,000 after buying an additional 38,559 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in CSX by 63.1% in the 3rd quarter. GAMMA Investing LLC now owns 30,306 shares of the transportation company’s stock valued at $1,046,000 after purchasing an additional 11,730 shares during the period. 73.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on CSX shares. JPMorgan Chase & Co. cut their price target on shares of CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Benchmark restated a “buy” rating and set a $38.00 price objective on shares of CSX in a research report on Monday, January 27th. Evercore ISI lowered their price objective 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. Royal Bank of Canada lowered their price objective on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research report on Friday, January 24th. Finally, BMO Capital Markets decreased their target price on shares of CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.16.

CSX Price Performance

Shares of NASDAQ CSX opened at $32.87 on Monday. CSX Co. has a 1 year low of $31.43 and a 1 year high of $40.12. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. The company’s 50-day moving average is $33.33 and its 200 day moving average is $33.90. The stock has a market capitalization of $63.39 billion, a P/E ratio of 18.36, a P/E/G ratio of 1.90 and a beta of 1.23.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate 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 expect that CSX Co. will post 1.88 earnings per share for the current year.

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.