Lynch & Associates IN Sells 663 Shares of CSX Co. (NASDAQ:CSX)

Lynch & Associates IN cut its position in CSX Co. (NASDAQ:CSX) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,010 shares of the transportation company’s stock after selling 663 shares during the period. Lynch & Associates IN’s holdings in CSX were worth $355,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Itau Unibanco Holding S.A. acquired a new position in shares of CSX during the second quarter worth approximately $26,000. Valley Wealth Managers Inc. lifted its holdings in CSX by 177.8% during the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after buying an additional 480 shares in the last quarter. Morton Brown Family Wealth LLC bought a new position in CSX in the 3rd quarter valued at $31,000. Fairscale Capital LLC bought a new position in CSX in the 2nd quarter valued at $32,000. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of CSX in the 2nd quarter valued at $33,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Stock Down 1.3 %

Shares of CSX stock traded down $0.42 during trading on Friday, reaching $31.78. The company’s stock had a trading volume of 13,285,472 shares, compared to its average volume of 13,442,410. The company has a market cap of $61.29 billion, a price-to-earnings ratio of 17.09, a price-to-earnings-growth ratio of 2.24 and a beta of 1.22. CSX Co. has a one year low of $31.43 and a one year high of $40.12. The business has a fifty day moving average price of $34.12 and a 200-day moving average price of $33.99. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX) last posted its quarterly earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share for the quarter, missing the consensus estimate 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 period last year, the firm earned $0.42 EPS. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. Analysts anticipate that CSX Co. will post 1.84 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have commented on the stock. Evercore ISI lowered their target price on shares of CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Wells Fargo & Company reduced their target price on CSX from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Thursday, October 17th. TD Cowen lowered their price target on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. Stifel Nicolaus reduced their price objective on shares of CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Finally, Royal Bank of Canada lowered their target price on shares of CSX from $36.00 to $35.00 and set a “sector perform” rating for the company in a research note on Thursday, October 17th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $38.67.

About CSX

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.