Blue Trust Inc. Decreases Holdings in CSX Co. (NASDAQ:CSX)

Blue Trust Inc. decreased its holdings in CSX Co. (NASDAQ:CSX) by 10.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 59,277 shares of the transportation company’s stock after selling 6,912 shares during the period. Blue Trust Inc.’s holdings in CSX were worth $2,047,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CSX. Perpetual Ltd purchased a new stake in CSX during the fourth quarter valued at about $83,301,000. Assenagon Asset Management S.A. boosted its holdings in CSX by 318.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,270,966 shares of the transportation company’s stock valued at $112,946,000 after acquiring an additional 2,489,329 shares during the period. FMR LLC grew its position in CSX by 10.2% during the 3rd quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock worth $539,112,000 after acquiring an additional 1,447,651 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in CSX by 275.3% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,854,075 shares of the transportation company’s stock valued at $62,019,000 after purchasing an additional 1,360,075 shares during the last quarter. Finally, Svenska Handelsbanken AB publ purchased a new stake in shares of CSX during the third quarter valued at approximately $31,018,000. Institutional investors own 73.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wells Fargo & Company decreased their target price on shares of CSX from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday. TD Cowen decreased their price objective 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. Stifel Nicolaus lowered their price objective on shares of CSX from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Raymond James reissued an “outperform” rating and issued a $37.00 target price (down from $38.00) on shares of CSX in a research note on Friday. Finally, Susquehanna lowered their price target on CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, CSX currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.58.

CSX Stock Up 2.9 %

NASDAQ:CSX opened at $33.64 on Tuesday. CSX Co. has a 1-year low of $31.43 and a 1-year high of $40.12. The company has a market capitalization of $64.87 billion, a PE ratio of 18.09, a P/E/G ratio of 2.06 and a beta of 1.22. The firm’s 50-day moving average price is $33.53 and its 200-day moving average price is $33.96. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23.

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

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.