Bath Savings Trust Co Sells 500 Shares of CSX Co. (NASDAQ:CSX)

Bath Savings Trust Co cut its position in CSX Co. (NASDAQ:CSX) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,714 shares of the transportation company’s stock after selling 500 shares during the quarter. Bath Savings Trust Co’s holdings in CSX were worth $1,604,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CSX. Diversified Trust Co increased its position in CSX by 180.7% during the 4th quarter. Diversified Trust Co now owns 72,197 shares of the transportation company’s stock valued at $2,330,000 after buying an additional 46,473 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of CSX by 32.2% during the fourth quarter. Nordea Investment Management AB now owns 2,342,834 shares of the transportation company’s stock valued at $75,603,000 after acquiring an additional 570,683 shares in the last quarter. Versant Capital Management Inc raised its position in shares of CSX by 99.1% in the 4th quarter. Versant Capital Management Inc now owns 3,028 shares of the transportation company’s stock valued at $98,000 after purchasing an additional 1,507 shares during the last quarter. SK Wealth Management LLC acquired a new stake in CSX in the 3rd quarter worth approximately $701,000. Finally, Principal Financial Group Inc. grew its position in CSX by 3.4% during the 3rd quarter. Principal Financial Group Inc. now owns 2,348,543 shares of the transportation company’s stock worth $81,095,000 after purchasing an additional 77,488 shares during the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CSX. Stephens lowered their price objective on shares of CSX from $41.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Susquehanna lowered their price target on CSX from $42.00 to $40.00 and set a “positive” rating for the company in a research report on Thursday, October 17th. Evercore ISI cut their price objective on CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Wells Fargo & Company decreased their target price on CSX from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Thursday, October 17th. Finally, Loop Capital cut their price target on shares of CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.78.

CSX Price Performance

Shares of CSX stock traded up $0.17 on Tuesday, reaching $32.17. The company’s stock had a trading volume of 6,626,486 shares, compared to its average volume of 12,871,627. CSX Co. has a 52-week low of $31.43 and a 52-week high of $40.12. The company has a market capitalization of $62.04 billion, a P/E ratio of 17.30, a PEG ratio of 2.24 and a beta of 1.22. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43. The stock has a 50-day moving average price of $34.20 and a 200-day moving average price of $34.02.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.68 billion. During the same quarter in the prior year, the company posted $0.42 earnings per share. The business’s revenue was up 1.3% on a year-over-year basis. Analysts expect that CSX Co. will post 1.84 EPS for the current year.

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.