Everpar Advisors LLC Sells 1,092 Shares of CSX Co. (NASDAQ:CSX)

Everpar Advisors LLC lowered its stake in shares of CSX Co. (NASDAQ:CSX) by 9.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,778 shares of the transportation company’s stock after selling 1,092 shares during the quarter. Everpar Advisors LLC’s holdings in CSX were worth $348,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CSX. Itau Unibanco Holding S.A. purchased a new position in CSX in the second quarter worth $26,000. Valley Wealth Managers Inc. increased its position in shares of CSX by 177.8% during the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 480 shares during the last quarter. Morton Brown Family Wealth LLC bought a new stake in shares of CSX during the 3rd quarter worth $31,000. Fairscale Capital LLC purchased a new position in shares of CSX in the 2nd quarter worth about $32,000. Finally, Addison Advisors LLC grew its position in CSX by 348.5% during the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock valued at $36,000 after buying an additional 812 shares during the period. 73.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CSX. Stephens reduced their price objective on CSX from $41.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. BMO Capital Markets cut their price target on CSX from $40.00 to $39.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Susquehanna dropped their price objective on shares of CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. TD Cowen reduced their target price on shares of CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. Finally, Royal Bank of Canada dropped their price target on shares of CSX from $36.00 to $35.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 17th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $38.71.

CSX Price Performance

Shares of NASDAQ CSX opened at $32.97 on Friday. The stock’s 50-day simple moving average is $33.94 and its two-hundred day simple moving average is $33.97. CSX Co. has a twelve month low of $31.43 and a twelve month high of $40.12. The firm has a market capitalization of $63.57 billion, a P/E ratio of 17.72, a P/E/G ratio of 1.93 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.

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 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 during the quarter, compared to the consensus estimate of $3.68 billion. During the same quarter last year, the company posted $0.42 earnings per share. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, equities analysts anticipate that CSX Co. will post 1.83 EPS for the current fiscal 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.