Koshinski Asset Management Inc. Reduces Stake in CSX Co. (NASDAQ:CSX)

Koshinski Asset Management Inc. lowered its holdings in CSX Co. (NASDAQ:CSX) by 2.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 14,615 shares of the transportation company’s stock after selling 385 shares during the quarter. Koshinski Asset Management Inc.’s holdings in CSX were worth $472,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Valley Wealth Managers Inc. increased its holdings in shares of CSX by 177.8% in the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 480 shares during the last quarter. Morton Brown Family Wealth LLC purchased a new position in CSX during the 3rd quarter worth approximately $31,000. Addison Advisors LLC grew its stake in CSX by 348.5% during the 3rd quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock worth $36,000 after buying an additional 812 shares during the last quarter. Fortitude Family Office LLC grew its stake in CSX by 43.4% during the 3rd quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock worth $38,000 after buying an additional 336 shares during the last quarter. Finally, Jamison Private Wealth Management Inc. grew its stake in CSX by 33.7% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 1,253 shares of the transportation company’s stock worth $43,000 after buying an additional 316 shares during the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on CSX. Barclays dropped their price target on CSX from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. TD Cowen dropped their price target on CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Wells Fargo & Company lowered their target price on CSX from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 17th. Citigroup lifted their target price on CSX from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, Susquehanna lowered their target price on CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $38.65.

CSX Stock Performance

Shares of CSX stock opened at $33.24 on Thursday. The stock has a fifty day moving average price of $33.69 and a 200 day moving average price of $33.95. The stock has a market cap of $64.10 billion, a PE ratio of 17.87, a P/E/G ratio of 2.02 and a beta of 1.22. 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 quick ratio of 1.23 and a current ratio of 1.39.

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.