Strs Ohio cut its stake in CSX Co. (NASDAQ:CSX) by 12.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 314,747 shares of the transportation company’s stock after selling 46,604 shares during the period. Strs Ohio’s holdings in CSX were worth $22,775,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently made changes to their positions in CSX. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in CSX by 88.5% during the 3rd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 426 shares of the transportation company’s stock worth $29,000 after purchasing an additional 200 shares during the last quarter. Evoke Wealth LLC acquired a new position in CSX during the 3rd quarter valued at about $32,000. Princeton Global Asset Management LLC acquired a new position in CSX during the 3rd quarter valued at about $35,000. Asset Dedication LLC bought a new position in shares of CSX in the 3rd quarter valued at about $42,000. Finally, Manchester Financial Inc. bought a new position in shares of CSX in the 4th quarter valued at about $45,000. Institutional investors own 76.08% of the company’s stock.
A number of equities research analysts recently weighed in on CSX shares. Cowen dropped their price target on shares of CSX from $83.00 to $79.00 and set a “market perform” rating for the company in a research note on Friday, January 17th. Susquehanna Bancshares raised shares of CSX from a “neutral” rating to a “positive” rating and raised their price objective for the company from $74.00 to $87.00 in a research note on Tuesday, January 7th. Raymond James reduced their price objective on shares of CSX from $81.00 to $80.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Benchmark began coverage on shares of CSX in a report on Tuesday, January 21st. They set a “hold” rating for the company. Finally, Argus set a $82.00 target price on shares of CSX and gave the company a “buy” rating in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $78.14.
Shares of NASDAQ CSX opened at $76.70 on Monday. The company has a fifty day moving average price of $73.33 and a 200 day moving average price of $70.66. The firm has a market cap of $60.01 billion, a PE ratio of 18.39, a PEG ratio of 1.42 and a beta of 1.21. The company has a current ratio of 1.52, a quick ratio of 1.33 and a debt-to-equity ratio of 1.35. CSX Co. has a 1-year low of $63.97 and a 1-year high of $80.73.
CSX (NASDAQ:CSX) last posted its quarterly earnings data on Thursday, January 16th. The transportation company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.02. The company had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.94 billion. CSX had a return on equity of 27.49% and a net margin of 27.91%. CSX’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.01 earnings per share. Equities research analysts forecast that CSX Co. will post 4.2 EPS for the current year.
CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services, as well as transports intermodal containers and trailers. It transports chemicals, automotive, agricultural and food products, minerals, fertilizers, forest products, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.
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