Hartford Financial Management Inc. Has $8.04 Million Stock Holdings in CSX Co. (NASDAQ:CSX)

Hartford Financial Management Inc. reduced its holdings in shares of CSX Co. (NASDAQ:CSX) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 249,264 shares of the transportation company’s stock after selling 1,841 shares during the period. CSX comprises about 1.6% of Hartford Financial Management Inc.’s investment portfolio, making the stock its 11th biggest position. Hartford Financial Management Inc.’s holdings in CSX were worth $8,044,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CSX. Sonora Investment Management Group LLC boosted its stake in shares of CSX by 20.8% in the 4th quarter. Sonora Investment Management Group LLC now owns 33,419 shares of the transportation company’s stock valued at $1,078,000 after purchasing an additional 5,753 shares in the last quarter. Gilbert & Cook Inc. boosted its position in CSX by 2.2% in the fourth quarter. Gilbert & Cook Inc. now owns 17,871 shares of the transportation company’s stock valued at $577,000 after buying an additional 385 shares in the last quarter. Crews Bank & Trust acquired a new position in CSX in the fourth quarter valued at about $368,000. Capital Investment Advisory Services LLC grew its stake in CSX by 8.7% during the fourth quarter. Capital Investment Advisory Services LLC now owns 16,497 shares of the transportation company’s stock worth $532,000 after buying an additional 1,316 shares during the last quarter. Finally, OLD National Bancorp IN increased its holdings in shares of CSX by 1.2% during the fourth quarter. OLD National Bancorp IN now owns 95,943 shares of the transportation company’s stock worth $3,096,000 after buying an additional 1,091 shares in the last quarter. Institutional investors own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Raymond James restated an “outperform” rating and set a $37.00 price target (down from $38.00) on shares of CSX in a research report on Friday, January 24th. TD Cowen reduced their price target on shares of CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. Robert W. Baird cut their target price on shares of CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. Evercore ISI reduced their target price on shares of CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Finally, Susquehanna dropped their price target 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. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $37.58.

CSX Stock Performance

Shares of CSX opened at $32.86 on Friday. The firm has a fifty day simple moving average of $33.44 and a 200 day simple moving average of $33.94. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. CSX Co. has a 12 month low of $31.43 and a 12 month high of $40.12. The stock has a market capitalization of $63.37 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 1.90 and a beta of 1.22.

CSX (NASDAQ:CSX) last released its 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%. Research analysts forecast that CSX Co. will post 1.88 EPS for the current fiscal 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.