FC Advisory LLC Lowers Stock Holdings in CSX Co. (NASDAQ:CSX)

FC Advisory LLC trimmed its stake in CSX Co. (NASDAQ:CSX) by 14.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,382 shares of the transportation company’s stock after selling 2,018 shares during the quarter. FC Advisory LLC’s holdings in CSX were worth $400,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Itau Unibanco Holding S.A. bought a new stake in CSX in the 2nd quarter worth about $26,000. Valley Wealth Managers Inc. boosted its holdings in 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 last quarter. Morton Brown Family Wealth LLC purchased a new stake in CSX during the 3rd quarter valued at $31,000. Fairscale Capital LLC bought a new position in shares of CSX during the 2nd quarter valued at $32,000. Finally, Strategic Financial Concepts LLC purchased a new position in shares of CSX in the 2nd quarter worth $33,000. 73.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CSX has been the subject of a number of analyst reports. TD Cowen reduced their price target on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. Barclays raised their price target on CSX from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Royal Bank of Canada decreased their target price on CSX from $36.00 to $35.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 17th. Evercore ISI dropped their price target on CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Finally, Stephens reduced their price objective on shares of CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $38.78.

CSX Trading Up 0.6 %

Shares of CSX stock traded up $0.18 on Tuesday, hitting $32.18. 4,673,068 shares of the company traded hands, compared to its average volume of 12,349,023. The stock’s 50 day moving average price is $34.20 and its 200-day moving average price is $34.02. The company has a market cap of $62.06 billion, a PE ratio of 17.30, a PEG ratio of 2.24 and a beta of 1.22. CSX Co. has a 52 week low of $31.43 and a 52 week high of $40.12. 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 (NASDAQ:CSX) last released 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 analysts’ expectations of $3.68 billion. During the same period last year, the company earned $0.42 earnings per share. The firm’s revenue was up 1.3% compared to the same quarter last year. Equities research analysts predict 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.