Glenview Trust Co Acquires 12,203 Shares of CSX Co. (NASDAQ:CSX)

Glenview Trust Co boosted its holdings in CSX Co. (NASDAQ:CSX – Get Rating) by 10.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,220 shares of the transportation company’s stock after acquiring an additional 12,203 shares during the quarter. Glenview Trust Co’s holdings in CSX were worth $3,309,000 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. Bornite Capital Management LP bought a new position in CSX in the 1st quarter valued at approximately $14,980,000. Mirae Asset Global Investments Co. Ltd. lifted its position in CSX by 6.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,158,544 shares of the transportation company’s stock valued at $230,637,000 after acquiring an additional 347,514 shares in the last quarter. Blair William & Co. IL lifted its position in CSX by 12.7% in the 1st quarter. Blair William & Co. IL now owns 122,334 shares of the transportation company’s stock valued at $4,581,000 after acquiring an additional 13,829 shares in the last quarter. Sei Investments Co. lifted its position in CSX by 4.5% in the 1st quarter. Sei Investments Co. now owns 195,872 shares of the transportation company’s stock valued at $7,361,000 after acquiring an additional 8,488 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in CSX by 16.8% in the 1st quarter. Cetera Investment Advisers now owns 71,521 shares of the transportation company’s stock valued at $2,678,000 after acquiring an additional 10,276 shares in the last quarter. 72.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CSX has been the subject of a number of research reports. UBS Group lowered shares of CSX from a “buy” rating to a “neutral” rating and decreased their target price for the company from $38.00 to $31.00 in a research note on Tuesday, September 27th. The Goldman Sachs Group reduced their price objective on CSX from $37.00 to $33.00 and set a “buy” rating for the company in a research note on Monday, October 10th. Wells Fargo & Company upped their price objective on CSX from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 4th. Benchmark reduced their price objective on CSX to $32.00 in a research note on Thursday, October 13th. Finally, StockNews.com lowered CSX from a “buy” rating to a “hold” rating in a research note on Tuesday, December 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $34.38.

CSX Stock Performance

Shares of NASDAQ:CSX opened at $31.86 on Wednesday. The firm has a market cap of $66.98 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 1.76 and a beta of 1.24. The firm’s 50 day simple moving average is $31.70 and its 200-day simple moving average is $30.82. CSX Co. has a one year low of $25.80 and a one year high of $38.63. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.57 and a current ratio of 1.72.

CSX Company Profile

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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 transports chemicals, agricultural and food products, automotive, minerals, 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.