City Holding Co. Has $914,000 Holdings in CSX Co. (NASDAQ:CSX)

City Holding Co. decreased its position in shares of CSX Co. (NASDAQ:CSX) by 45.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,323 shares of the transportation company’s stock after selling 23,494 shares during the period. City Holding Co.’s holdings in CSX were worth $914,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CSX. XTX Topco Ltd acquired a new stake in shares of CSX in the second quarter worth $545,000. Ensign Peak Advisors Inc boosted its holdings in CSX by 11.3% in the 2nd quarter. Ensign Peak Advisors Inc now owns 766,509 shares of the transportation company’s stock valued at $25,640,000 after purchasing an additional 77,735 shares during the period. Frank Rimerman Advisors LLC grew its position in CSX by 20,235.2% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 21,962 shares of the transportation company’s stock worth $735,000 after purchasing an additional 21,854 shares during the last quarter. Fidelis Capital Partners LLC increased its holdings in shares of CSX by 44.0% during the 2nd quarter. Fidelis Capital Partners LLC now owns 32,139 shares of the transportation company’s stock worth $1,081,000 after purchasing an additional 9,816 shares during the period. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of CSX during the second quarter valued at about $26,000. 73.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CSX. Citigroup boosted their price target on CSX from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Stephens lowered their price objective on CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Loop Capital decreased their price target on shares of CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Evercore ISI dropped their price objective on shares of CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Finally, Barclays reduced their price objective on shares of CSX from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Friday. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $38.65.

CSX Stock Performance

CSX stock opened at $32.73 on Tuesday. The stock has a 50-day simple moving average of $33.82 and a 200 day simple moving average of $33.96. The stock has a market capitalization of $63.12 billion, a price-to-earnings ratio of 17.60, a P/E/G ratio of 1.93 and a beta of 1.22. The company has a quick ratio of 1.23, a current ratio of 1.39 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.

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.