Fifth Third Wealth Advisors LLC Decreases Stake in CSX Co. (NASDAQ:CSX)

Fifth Third Wealth Advisors LLC lowered its stake in CSX Co. (NASDAQ:CSX) by 33.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 37,288 shares of the transportation company’s stock after selling 18,427 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in CSX were worth $1,203,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CSX. Itau Unibanco Holding S.A. bought a new stake in shares of CSX in the second quarter worth about $26,000. Valley Wealth Managers Inc. lifted its holdings in CSX by 177.8% in 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 during the period. Morton Brown Family Wealth LLC bought a new stake in shares of CSX in the 3rd quarter worth approximately $31,000. Fairscale Capital LLC bought a new position in shares of CSX during the second quarter valued at approximately $32,000. Finally, Addison Advisors LLC lifted its stake in CSX by 348.5% in the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock worth $36,000 after acquiring an additional 812 shares during the period. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Stock Up 1.0 %

Shares of CSX stock opened at $32.46 on Thursday. The company has a 50-day simple moving average of $34.03 and a two-hundred day simple moving average of $33.98. The stock has a market capitalization of $62.60 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 2.21 and a beta of 1.20. CSX Co. has a 52-week low of $31.43 and a 52-week high of $40.12. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39.

CSX (NASDAQ:CSX) last announced 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 firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.68 billion. During the same quarter in the previous year, the firm earned $0.42 earnings per share. CSX’s revenue was up 1.3% on a year-over-year basis. On average, analysts anticipate that CSX Co. will post 1.84 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CSX. Evercore ISI reduced their price objective on shares of CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Citigroup boosted their price target on shares of CSX from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Stifel Nicolaus cut their price objective on CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Loop Capital decreased their target price on CSX from $43.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Finally, Stephens dropped their price target on CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.