Fifth Third Wealth Advisors LLC Decreases Position in CSX Co. (NASDAQ:CSX)

Fifth Third Wealth Advisors LLC decreased its position in CSX Co. (NASDAQ:CSX) by 33.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,288 shares of the transportation company’s stock after selling 18,427 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in CSX were worth $1,203,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of CSX. Mirae Asset Global Investments Co. Ltd. boosted its position in CSX by 20.8% during the third 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 lifted its stake in shares of CSX by 180.7% during the 4th 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 in the last quarter. Thrivent Financial for Lutherans boosted its holdings in CSX by 0.7% in the 3rd 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 during the period. Principal Financial Group Inc. grew its stake in CSX by 3.4% in the 3rd quarter. Principal Financial Group Inc. now owns 2,348,543 shares of the transportation company’s stock valued at $81,095,000 after buying an additional 77,488 shares in the last quarter. Finally, William B. Walkup & Associates Inc. bought a new stake in CSX during the 2nd quarter valued at $867,000. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Stock Performance

Shares of NASDAQ CSX opened at $32.46 on Thursday. The stock has a market cap of $62.60 billion, a price-to-earnings ratio of 17.45, a P/E/G ratio of 2.21 and a beta of 1.20. The stock’s 50-day moving average is $34.03 and its 200 day moving average is $33.98. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. CSX Co. has a 1-year low of $31.43 and a 1-year high of $40.12.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.68 billion. During the same quarter in the previous year, the firm posted $0.42 earnings per share. The company’s revenue was up 1.3% compared to the same quarter last year. On average, sell-side analysts anticipate that CSX Co. will post 1.84 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on CSX. Stifel Nicolaus cut their price target on CSX from $39.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, October 17th. BMO Capital Markets reduced their target price on CSX from $40.00 to $39.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Royal Bank of Canada lowered their price target on shares of CSX from $36.00 to $35.00 and set a “sector perform” rating on the stock in a report on Thursday, October 17th. Jefferies Financial Group raised shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research note on Friday, January 10th. Finally, Barclays increased their target price on shares of CSX from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, CSX presently has an average rating of “Moderate Buy” and a consensus price target of $38.67.

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.