Portfolio Design Labs LLC Sells 2,723 Shares of CSX Co. (NASDAQ:CSX)

Portfolio Design Labs LLC lowered its position in shares of CSX Co. (NASDAQ:CSX) by 7.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,137 shares of the transportation company’s stock after selling 2,723 shares during the quarter. Portfolio Design Labs LLC’s holdings in CSX were worth $1,102,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Valley Wealth Managers Inc. lifted its position in shares of CSX by 177.8% during the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after buying an additional 480 shares in the last quarter. Morton Brown Family Wealth LLC purchased a new stake in shares of CSX during the 3rd quarter worth approximately $31,000. Addison Advisors LLC increased its stake in shares of CSX by 348.5% during 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. Fortitude Family Office LLC increased its stake in shares of CSX by 43.4% during the 3rd quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock worth $38,000 after purchasing an additional 336 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. purchased a new stake in shares of CSX during the 4th quarter worth approximately $39,000. Institutional investors own 73.57% of the company’s stock.

CSX Stock Up 0.1 %

CSX opened at $33.11 on Wednesday. The company has a fifty day moving average price of $32.88 and a 200-day moving average price of $33.85. The firm has a market capitalization of $63.85 billion, a P/E ratio of 18.50, a price-to-earnings-growth ratio of 1.91 and a beta of 1.23. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. CSX Co. has a one year low of $31.43 and a one year high of $40.12.

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on CSX. Loop Capital lowered shares of CSX from a “buy” rating to a “hold” rating and decreased their price target for the stock from $40.00 to $34.00 in a research note on Monday, February 3rd. Barclays decreased their price target on shares of CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Stephens restated an “overweight” rating and set a $38.00 price target on shares of CSX in a research note on Friday, January 24th. Wells Fargo & Company decreased their price target on shares of CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Finally, BMO Capital Markets reduced their price objective on shares of CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, January 24th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $37.16.

CSX Company 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.