Tributary Capital Management LLC Has $684,000 Stake in CSX Co. (NASDAQ:CSX)

Tributary Capital Management LLC lessened its holdings in shares of CSX Co. (NASDAQ:CSX) by 4.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,200 shares of the transportation company’s stock after selling 950 shares during the period. Tributary Capital Management LLC’s holdings in CSX were worth $684,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Valley Wealth Managers Inc. increased its position in shares of CSX by 177.8% in the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after purchasing an additional 480 shares during the period. Morton Brown Family Wealth LLC bought a new position in CSX in the third quarter valued at approximately $31,000. Addison Advisors LLC raised its position in CSX by 348.5% during the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 812 shares in the last quarter. Fortitude Family Office LLC lifted its stake in CSX by 43.4% during the third quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock worth $38,000 after purchasing an additional 336 shares during the last quarter. Finally, Jamison Private Wealth Management Inc. boosted its holdings in shares of CSX by 33.7% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 1,253 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 316 shares in the last quarter. 73.57% of the stock is owned by institutional investors.

CSX Price Performance

CSX stock opened at $32.69 on Friday. The stock’s 50 day moving average is $33.53 and its 200 day moving average is $33.94. CSX Co. has a one year low of $31.43 and a one year high of $40.12. The firm has a market cap of $63.04 billion, a P/E ratio of 17.58, a P/E/G ratio of 2.06 and a beta of 1.22. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23.

CSX (NASDAQ:CSX) last issued its quarterly 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 return on equity of 28.92% and a net margin of 24.77%. As a group, research analysts expect that CSX Co. will post 1.83 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Evercore ISI lowered their price target on CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Robert W. Baird dropped their target price on shares of CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a report on Friday. Citigroup decreased their price target on shares of CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Friday. Wells Fargo & Company dropped their price objective on shares of CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday. Finally, Stifel Nicolaus cut their target price 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. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, CSX presently has an average rating of “Moderate Buy” and an average target price of $37.68.

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.