CSX Co. (NASDAQ:CSX) Shares Sold by Maj Invest Holding A S

Maj Invest Holding A S lowered its stake in CSX Co. (NASDAQ:CSX) by 12.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,806,898 shares of the transportation company’s stock after selling 692,166 shares during the quarter. CSX accounts for about 5.1% of Maj Invest Holding A S’s portfolio, making the stock its 9th biggest holding. Maj Invest Holding A S owned 0.25% of CSX worth $155,119,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. boosted its stake in shares of CSX by 177.8% in the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after acquiring an additional 480 shares during the last quarter. Morton Brown Family Wealth LLC purchased a new stake in shares of CSX during the third quarter worth $31,000. Addison Advisors LLC grew its holdings in shares of CSX by 348.5% during the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock worth $36,000 after buying an additional 812 shares in the last quarter. Fortitude Family Office LLC raised its position in shares of CSX by 43.4% in the third quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock valued at $38,000 after buying an additional 336 shares during the last quarter. Finally, Jamison Private Wealth Management Inc. boosted its position in CSX by 33.7% during the third quarter. Jamison Private Wealth Management Inc. now owns 1,253 shares of the transportation company’s stock worth $43,000 after acquiring an additional 316 shares during the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Stock Performance

Shares of CSX stock opened at $32.69 on Monday. CSX Co. has a 52 week low of $31.43 and a 52 week high of $40.12. The firm has a 50 day moving average of $33.53 and a two-hundred day moving average of $33.95. 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 market capitalization of $63.04 billion, a PE ratio of 17.58, a P/E/G ratio of 2.06 and a beta of 1.22.

CSX (NASDAQ:CSX) last released its earnings results on Thursday, January 23rd. The transportation company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. On average, research analysts predict that CSX Co. will post 1.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CSX shares. Robert W. Baird decreased their target price on shares of CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday. Susquehanna cut their target price on CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. TD Cowen lowered their price target on shares of CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. Wells Fargo & Company cut their price objective on shares of CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, Royal Bank of Canada decreased their target price on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a report on Friday. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, CSX currently has a consensus rating of “Moderate Buy” and an average target price of $37.68.

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.