Koshinski Asset Management Inc. Reduces Position in CSX Co. (NASDAQ:CSX)

Koshinski Asset Management Inc. decreased its stake in shares of CSX Co. (NASDAQ:CSX) by 2.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,615 shares of the transportation company’s stock after selling 385 shares during the quarter. Koshinski Asset Management Inc.’s holdings in CSX were worth $472,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. State Street Corp increased its position in CSX by 0.6% during the third quarter. State Street Corp now owns 82,250,713 shares of the transportation company’s stock worth $2,840,117,000 after buying an additional 455,258 shares in the last quarter. Geode Capital Management LLC grew its position in shares of CSX by 0.5% in the third quarter. Geode Capital Management LLC now owns 40,906,826 shares of the transportation company’s stock valued at $1,407,087,000 after purchasing an additional 190,346 shares during the period. Fisher Asset Management LLC grew its position in shares of CSX by 3.6% in the third quarter. Fisher Asset Management LLC now owns 24,656,931 shares of the transportation company’s stock valued at $851,404,000 after purchasing an additional 857,302 shares during the period. FMR LLC grew its position in shares of CSX by 10.2% in the third quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock valued at $539,112,000 after purchasing an additional 1,447,651 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of CSX by 6.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,745,972 shares of the transportation company’s stock valued at $440,118,000 after purchasing an additional 737,221 shares during the period. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Trading Down 0.1 %

NASDAQ:CSX opened at $33.24 on Thursday. 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 Co. has a one year low of $31.43 and a one year high of $40.12. The business’s 50-day simple moving average is $33.69 and its 200 day simple moving average is $33.95. The stock has a market cap of $64.10 billion, a price-to-earnings ratio of 17.87, a price-to-earnings-growth ratio of 2.02 and a beta of 1.22.

Wall Street Analysts Forecast Growth

CSX has been the subject of a number of recent analyst reports. Susquehanna lowered their price objective on CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada lowered their price objective on CSX from $36.00 to $35.00 and set a “sector perform” rating for the company in a research report on Thursday, October 17th. BMO Capital Markets lowered their price target on CSX from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Stephens lowered their price target on CSX from $41.00 to $39.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Finally, Loop Capital lowered their price target on CSX from $43.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.65.

CSX 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.