AdvisorNet Financial Inc lowered its position in CSX Co. (NASDAQ:CSX – Free Report) by 15.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 123,701 shares of the transportation company’s stock after selling 23,083 shares during the quarter. AdvisorNet Financial Inc’s holdings in CSX were worth $3,992,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its position 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 purchasing an additional 80,423 shares during the period. Diversified Trust Co increased its holdings in CSX by 180.7% during the fourth quarter. Diversified Trust Co now owns 72,197 shares of the transportation company’s stock valued at $2,330,000 after buying an additional 46,473 shares during the period. Thrivent Financial for Lutherans raised its stake in CSX by 0.7% in the third quarter. Thrivent Financial for Lutherans now owns 3,374,499 shares of the transportation company’s stock worth $116,521,000 after buying an additional 24,430 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in CSX by 3.4% during the third quarter. Principal Financial Group Inc. now owns 2,348,543 shares of the transportation company’s stock worth $81,095,000 after buying an additional 77,488 shares during the period. Finally, William B. Walkup & Associates Inc. bought a new stake in CSX during the 2nd quarter valued at $867,000. 73.57% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
CSX has been the subject of a number of analyst reports. BMO Capital Markets decreased their price objective on CSX from $40.00 to $39.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Stephens lowered their price target on shares of CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Stifel Nicolaus cut their price objective on shares of CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Wells Fargo & Company decreased their target price on shares of CSX from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Thursday, October 17th. Finally, Citigroup lifted their price target on shares of CSX from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.67.
CSX Trading Up 0.3 %
CSX stock opened at $31.89 on Tuesday. CSX Co. has a 52 week low of $31.43 and a 52 week high of $40.12. The stock has a 50-day moving average price of $34.06 and a 200 day moving average price of $33.99. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43. The company has a market capitalization of $61.50 billion, a price-to-earnings ratio of 17.15, a price-to-earnings-growth ratio of 2.24 and a beta of 1.22.
CSX (NASDAQ:CSX – Get Free Report) last announced its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). The business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.68 billion. CSX had a net margin of 24.77% and a return on equity of 28.92%. The business’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 earnings per share. Sell-side analysts anticipate that CSX Co. will post 1.84 EPS 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.
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