CSX Co. (NASDAQ:CSX) Shares Sold by Greenleaf Trust

Greenleaf Trust decreased its stake in shares of CSX Co. (NASDAQ:CSX) by 1.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,591 shares of the transportation company’s stock after selling 1,357 shares during the quarter. Greenleaf Trust’s holdings in CSX were worth $2,665,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Perpetual Ltd purchased a new position in shares of CSX in the 4th quarter valued at about $83,301,000. Assenagon Asset Management S.A. increased its holdings in shares of CSX by 318.5% in 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 last quarter. FMR LLC increased its holdings in shares of CSX by 10.2% in the 3rd quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock valued at $539,112,000 after acquiring an additional 1,447,651 shares during the last quarter. KBC Group NV boosted its position in shares of CSX by 616.4% in the 4th quarter. KBC Group NV now owns 1,114,542 shares of the transportation company’s stock valued at $35,966,000 after purchasing an additional 958,957 shares during the period. Finally, Svenska Handelsbanken AB publ acquired a new stake in shares of CSX in the 3rd quarter valued at about $31,018,000. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CSX. Citigroup decreased their target price on CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Jefferies Financial Group raised CSX from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research report on Friday, January 10th. JPMorgan Chase & Co. decreased their target price on CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Evercore ISI decreased their target price on CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Finally, Susquehanna decreased 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. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $37.58.

CSX Stock Up 0.0 %

CSX opened at $32.87 on Monday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. The business has a 50 day simple moving average of $33.33 and a 200-day simple moving average of $33.91. The stock has a market capitalization of $63.39 billion, a P/E ratio of 18.36, a P/E/G ratio of 1.90 and a beta of 1.22. CSX Co. has a 12 month low of $31.43 and a 12 month high of $40.12.

CSX (NASDAQ:CSX) last posted its quarterly 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 net margin of 23.95% and a return on equity of 28.15%. On average, equities analysts anticipate that CSX Co. will post 1.88 earnings per share for the current fiscal year.

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.