CSX Co. (NASDAQ:CSX) Shares Sold by Clarius Group LLC

Clarius Group LLC lowered its holdings in CSX Co. (NASDAQ:CSX) by 3.1% in the fourth quarter, HoldingsChannel reports. The firm owned 19,521 shares of the transportation company’s stock after selling 616 shares during the quarter. Clarius Group LLC’s holdings in CSX were worth $630,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CSX. State Street Corp boosted its position in CSX by 0.6% in the 3rd quarter. State Street Corp now owns 82,250,713 shares of the transportation company’s stock valued at $2,840,117,000 after buying an additional 455,258 shares during the period. Geode Capital Management LLC raised its stake in shares of CSX by 0.5% in the third quarter. Geode Capital Management LLC now owns 40,906,826 shares of the transportation company’s stock valued at $1,407,087,000 after acquiring an additional 190,346 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in CSX by 3.6% in the third quarter. Fisher Asset Management LLC now owns 24,656,931 shares of the transportation company’s stock valued at $851,404,000 after purchasing an additional 857,302 shares during the period. FMR LLC grew its stake in CSX by 10.2% during the 3rd quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock worth $539,112,000 after purchasing an additional 1,447,651 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in CSX by 6.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,745,972 shares of the transportation company’s stock worth $440,118,000 after purchasing an additional 737,221 shares during the period. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Price Performance

CSX stock opened at $32.73 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The company has a market capitalization of $63.12 billion, a P/E ratio of 17.60, a PEG ratio of 1.93 and a beta of 1.22. The business has a 50 day simple moving average of $33.82 and a 200-day simple moving average of $33.95. CSX Co. has a twelve month low of $31.43 and a twelve month high of $40.12.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.02). The business had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.68 billion. CSX had a return on equity of 28.92% and a net margin of 24.77%. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.42 earnings per share. As a group, equities analysts anticipate that CSX Co. will post 1.83 EPS for the current year.

Wall Street Analysts Forecast Growth

CSX has been the subject of several recent research reports. Stifel Nicolaus decreased their price objective on CSX from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Loop Capital lowered their price target on shares of CSX from $43.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Susquehanna reduced their price objective on shares of CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Barclays dropped their target price on CSX from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Citigroup raised 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. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, CSX presently has an average rating of “Moderate Buy” and a consensus target price of $38.65.

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.