CSX Co. (NASDAQ:CSX) Shares Sold by BLB&B Advisors LLC

BLB&B Advisors LLC cut its stake in shares of CSX Co. (NASDAQ:CSX) by 10.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 43,051 shares of the transportation company’s stock after selling 5,140 shares during the period. BLB&B Advisors LLC’s holdings in CSX were worth $1,389,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CSX. Avior Wealth Management LLC lifted its position in shares of CSX by 2.5% during the 3rd quarter. Avior Wealth Management LLC now owns 11,790 shares of the transportation company’s stock worth $407,000 after purchasing an additional 293 shares during the last quarter. Lake Street Advisors Group LLC raised its stake in CSX by 1.8% in the third quarter. Lake Street Advisors Group LLC now owns 17,246 shares of the transportation company’s stock valued at $595,000 after buying an additional 306 shares in the last quarter. Rehmann Capital Advisory Group lifted its holdings in CSX by 1.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company’s stock worth $830,000 after buying an additional 306 shares during the last quarter. J.W. Cole Advisors Inc. boosted its position in shares of CSX by 0.9% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 35,401 shares of the transportation company’s stock worth $1,222,000 after acquiring an additional 309 shares in the last quarter. Finally, Associated Banc Corp increased its holdings in shares of CSX by 0.6% in the 3rd quarter. Associated Banc Corp now owns 55,534 shares of the transportation company’s stock valued at $1,918,000 after acquiring an additional 310 shares during the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Trading Down 0.5 %

NASDAQ CSX opened at $32.59 on Friday. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $62.85 billion, a P/E ratio of 18.21, a P/E/G ratio of 1.90 and a beta of 1.23. CSX Co. has a 52-week low of $31.43 and a 52-week high of $40.12. The firm has a 50-day moving average price of $33.02 and a 200 day moving average price of $33.86.

CSX (NASDAQ:CSX) last issued its 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 28.15% and a net margin of 23.95%. Equities research analysts expect that CSX Co. will post 1.88 EPS for the current year.

Wall Street Analysts Forecast Growth

CSX has been the subject of several recent analyst reports. Royal Bank of Canada lowered their price target on CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a report on Friday, January 24th. Susquehanna dropped their target price on shares of CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Citigroup reduced their price target on shares of CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Barclays dropped their price objective on CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Finally, Stephens reissued an “overweight” rating and issued a $38.00 target price on shares of CSX in a research report on Friday, January 24th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $37.16.

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.