CSX Co. (NASDAQ:CSX) Position Decreased by Wilmington Savings Fund Society FSB

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

Several other institutional investors and hedge funds have also added to or reduced their stakes in CSX. Valley Wealth Managers Inc. raised its holdings in 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 during the period. Morton Brown Family Wealth LLC acquired a new position in shares of CSX in the third quarter worth about $31,000. Addison Advisors LLC increased its position in shares of CSX by 348.5% in the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock worth $36,000 after acquiring an additional 812 shares in the last quarter. Fortitude Family Office LLC raised its holdings in shares of CSX by 43.4% during the third quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 336 shares during the period. Finally, Synergy Asset Management LLC purchased a new stake in shares of CSX in the 4th quarter valued at approximately $41,000. 73.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CSX shares. Wells Fargo & Company lowered their price objective on shares of CSX from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Raymond James reissued an “outperform” rating and issued a $37.00 price objective (down from $38.00) on shares of CSX in a research note on Friday, January 24th. Loop Capital cut CSX from a “buy” rating to a “hold” rating and lowered their target price for the company from $40.00 to $34.00 in a research note on Monday, February 3rd. Robert W. Baird reduced their price target on shares of CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, January 24th. Finally, Susquehanna cut their price objective on CSX from $40.00 to $39.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, CSX currently has an average rating of “Moderate Buy” and an average target price of $37.16.

CSX Price Performance

Shares of CSX stock opened at $33.08 on Tuesday. 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 company 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 firm has a fifty day moving average price of $32.94 and a two-hundred day moving average price of $33.85. CSX Co. has a fifty-two week low of $31.43 and a fifty-two week high of $40.12.

CSX (NASDAQ:CSX) last released its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share 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%. Analysts expect that CSX Co. will post 1.86 EPS for the current 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.