City Holding Co. Sells 23,494 Shares of CSX Co. (NASDAQ:CSX)

City Holding Co. decreased its position in CSX Co. (NASDAQ:CSX) by 45.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 28,323 shares of the transportation company’s stock after selling 23,494 shares during the quarter. City Holding Co.’s holdings in CSX were worth $914,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CSX. Valley Wealth Managers Inc. boosted its stake in shares of 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 purchasing an additional 480 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in CSX in the second quarter valued at approximately $26,000. Fairscale Capital LLC bought a new stake in shares of CSX during the 2nd quarter valued at $32,000. Morton Brown Family Wealth LLC acquired a new position in shares of CSX in the 3rd quarter valued at $31,000. Finally, Addison Advisors LLC boosted its position in shares of CSX by 348.5% in the 3rd quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock worth $36,000 after purchasing an additional 812 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Citigroup upped their price objective on CSX from $42.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Stephens cut their price target on shares of CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Barclays decreased their price objective on shares of CSX from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Friday. Susquehanna cut their target price on shares of CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Finally, Wells Fargo & Company decreased their price target on shares of CSX from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Thursday, October 17th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, CSX has a consensus rating of “Moderate Buy” and an average price target of $38.65.

CSX Trading Down 0.7 %

NASDAQ CSX opened at $32.73 on Tuesday. CSX Co. has a 52 week low of $31.43 and a 52 week high of $40.12. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39. The stock’s 50 day moving average price is $33.82 and its two-hundred day moving average price is $33.96. The stock has a market capitalization of $63.12 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 1.93 and a beta of 1.22.

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.