AdvisorNet Financial Inc Lowers Position in CSX Co. (NASDAQ:CSX)

AdvisorNet Financial Inc decreased its position in shares of CSX Co. (NASDAQ:CSX) by 15.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,701 shares of the transportation company’s stock after selling 23,083 shares during the quarter. AdvisorNet Financial Inc’s holdings in CSX were worth $3,992,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its position in CSX by 20.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 467,399 shares of the transportation company’s stock valued at $16,139,000 after buying an additional 80,423 shares during the period. Diversified Trust Co raised its position in shares of CSX by 180.7% in the fourth quarter. Diversified Trust Co now owns 72,197 shares of the transportation company’s stock worth $2,330,000 after acquiring an additional 46,473 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of CSX by 0.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 3,374,499 shares of the transportation company’s stock worth $116,521,000 after acquiring an additional 24,430 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of CSX by 3.4% during the 3rd quarter. Principal Financial Group Inc. now owns 2,348,543 shares of the transportation company’s stock valued at $81,095,000 after acquiring an additional 77,488 shares during the period. Finally, William B. Walkup & Associates Inc. purchased a new position in shares of CSX in the 2nd quarter valued at about $867,000. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Price Performance

NASDAQ:CSX opened at $31.89 on Tuesday. The stock has a 50 day moving average price of $34.06 and a 200 day moving average price of $33.99. The stock has a market cap of $61.50 billion, a PE ratio of 17.15, a P/E/G ratio of 2.24 and a beta of 1.22. 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.

CSX (NASDAQ:CSX) last issued its earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). The company had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.68 billion. CSX had a return on equity of 28.92% and a net margin of 24.77%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same period last year, the business earned $0.42 earnings per share. Equities research analysts expect that CSX Co. will post 1.84 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CSX has been the topic of a number of recent analyst reports. Susquehanna lowered their price target on CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Stephens decreased their target price on CSX from $41.00 to $39.00 and set an “overweight” 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 stock a “buy” rating in a report on Tuesday, November 12th. BMO Capital Markets decreased their price objective on shares of CSX from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Finally, Jefferies Financial Group upgraded shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Friday. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, CSX presently has an average rating of “Moderate Buy” and an average price target of $38.67.

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.