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

Glenview Trust Co boosted its stake in CSX Co. (NASDAQ:CSXGet Rating) by 10.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,220 shares of the transportation company’s stock after purchasing an additional 12,203 shares during the period. Glenview Trust Co’s holdings in CSX were worth $3,309,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CSX. WFA of San Diego LLC acquired a new stake in shares of CSX during the second quarter worth $25,000. Webster Bank N. A. acquired a new stake in CSX in the third quarter worth $40,000. Wagner Wealth Management LLC acquired a new stake in CSX in the second quarter worth $41,000. Godsey & Gibb Inc. acquired a new stake in CSX in the third quarter worth $43,000. Finally, Orion Capital Management LLC grew its holdings in CSX by 504.0% in the third quarter. Orion Capital Management LLC now owns 1,830 shares of the transportation company’s stock worth $49,000 after purchasing an additional 1,527 shares during the period. 72.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CSX shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of CSX from $36.00 to $39.00 in a report on Monday, November 28th. StockNews.com cut shares of CSX from a “buy” rating to a “hold” rating in a report on Tuesday, December 6th. Susquehanna cut shares of CSX from a “positive” rating to a “neutral” rating and reduced their price target for the stock from $35.00 to $29.00 in a report on Wednesday, September 28th. Citigroup reduced their price objective on shares of CSX from $31.00 to $30.00 and set a “neutral” rating for the company in a report on Thursday, September 29th. Finally, Raymond James lifted their price objective on shares of CSX from $33.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, January 18th. 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $34.38.

CSX Stock Performance

Shares of CSX stock opened at $31.86 on Wednesday. The firm has a market cap of $66.98 billion, a price-to-earnings ratio of 17.04, a P/E/G ratio of 1.76 and a beta of 1.24. 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 Co. has a 52 week low of $25.80 and a 52 week high of $38.63. The firm’s 50-day simple moving average is $31.70 and its two-hundred day simple moving average is $30.82.

CSX 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.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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