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

Portfolio Design Labs LLC trimmed its position in CSX Co. (NASDAQ:CSX) by 7.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 34,137 shares of the transportation company’s stock after selling 2,723 shares during the period. Portfolio Design Labs LLC’s holdings in CSX were worth $1,102,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CSX. Augustine Asset Management Inc. increased its holdings in CSX by 1.5% in the fourth quarter. Augustine Asset Management Inc. now owns 73,076 shares of the transportation company’s stock valued at $2,358,000 after purchasing an additional 1,081 shares during the period. New Republic Capital LLC increased its holdings in CSX by 1.7% in the fourth quarter. New Republic Capital LLC now owns 22,397 shares of the transportation company’s stock valued at $723,000 after purchasing an additional 370 shares during the period. Atlantic Edge Private Wealth Management LLC increased its holdings in CSX by 505.3% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 23,456 shares of the transportation company’s stock valued at $757,000 after purchasing an additional 19,581 shares during the period. Stonebridge Financial Group LLC acquired a new stake in CSX in the fourth quarter valued at $93,000. Finally, Essex Financial Services Inc. increased its holdings in CSX by 4.5% in the fourth quarter. Essex Financial Services Inc. now owns 32,083 shares of the transportation company’s stock valued at $1,035,000 after purchasing an additional 1,375 shares during the period. 73.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CSX has been the subject of a number of recent research reports. Citigroup decreased their price objective on CSX from $40.00 to $39.00 and set a “buy” rating for the company in a report on Friday, January 24th. Barclays decreased their price objective on CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Loop Capital downgraded CSX from a “buy” rating to a “hold” rating and decreased their price objective for the company from $40.00 to $34.00 in a report on Monday, February 3rd. Susquehanna decreased their price target on CSX from $40.00 to $39.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Finally, Evercore ISI decreased their price target on CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.16.

CSX Stock Performance

Shares of CSX opened at $33.11 on Wednesday. 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 stock has a 50-day moving average of $32.88 and a 200-day moving average of $33.85. The company has a market cap of $63.85 billion, a PE ratio of 18.50, a P/E/G ratio of 1.91 and a beta 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 issued its earnings results on Thursday, January 23rd. The transportation company reported $0.42 EPS 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%. On average, equities research analysts predict that CSX Co. will post 1.86 EPS for the current fiscal year.

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.