Wilmington Savings Fund Society FSB Sells 608 Shares of CSX Co. (NASDAQ:CSX)

Wilmington Savings Fund Society FSB lessened its holdings in CSX Co. (NASDAQ:CSX) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,362 shares of the transportation company’s stock after selling 608 shares during the period. Wilmington Savings Fund Society FSB’s holdings in CSX were worth $786,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. boosted its stake in CSX by 177.8% in the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock valued at $26,000 after buying an additional 480 shares in the last quarter. Morton Brown Family Wealth LLC bought a new position in shares of CSX during the third quarter valued at $31,000. Addison Advisors LLC lifted 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 valued at $36,000 after acquiring an additional 812 shares during the period. Fortitude Family Office LLC boosted its stake in shares of CSX by 43.4% in the 3rd quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 336 shares in the last quarter. Finally, Synergy Asset Management LLC bought a new stake in shares of CSX in the 4th quarter worth about $41,000. Institutional investors own 73.57% of the company’s stock.

CSX Stock Up 1.5 %

Shares of CSX stock opened at $33.08 on Tuesday. The business has a fifty day simple moving average of $32.94 and a 200 day simple moving average of $33.85. The stock has a market cap of $63.79 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 1.91 and a beta of 1.23. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. CSX Co. has a 12 month low of $31.43 and a 12 month high of $40.12.

CSX (NASDAQ:CSX) last posted its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. Research analysts predict that CSX Co. will post 1.86 EPS for the current year.

Wall Street Analyst Weigh In

CSX has been the subject of several recent analyst reports. Stephens reaffirmed an “overweight” rating and set a $38.00 price objective on shares of CSX in a report on Friday, January 24th. TD Cowen dropped their price target on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a report on Thursday, October 17th. Citigroup reduced their price objective on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Stifel Nicolaus lowered their target price on CSX from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Finally, Loop Capital cut CSX from a “buy” rating to a “hold” rating and cut their price target for the company from $40.00 to $34.00 in a report on Monday, February 3rd. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $37.16.

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.