Empirical Financial Services LLC d.b.a. Empirical Wealth Management Sells 426 Shares of CSX Co. (NASDAQ:CSX)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management trimmed its holdings in shares of CSX Co. (NASDAQ:CSX) by 2.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,200 shares of the transportation company’s stock after selling 426 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in CSX were worth $555,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of CSX. Valley Wealth Managers Inc. grew its stake 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 acquiring an additional 480 shares in the last quarter. Morton Brown Family Wealth LLC bought a new position in shares of CSX during the 3rd quarter worth approximately $31,000. Addison Advisors LLC grew 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 acquiring an additional 812 shares in the last quarter. Fortitude Family Office LLC grew 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 acquiring an additional 336 shares in the last quarter. Finally, Jamison Private Wealth Management Inc. grew its stake in shares of CSX by 33.7% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 1,253 shares of the transportation company’s stock worth $43,000 after acquiring an additional 316 shares in the last quarter. 73.57% of the stock is owned by institutional investors.

CSX Stock Down 2.9 %

CSX opened at $32.68 on Wednesday. CSX Co. has a fifty-two week low of $31.43 and a fifty-two 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 company has a market capitalization of $63.02 billion, a P/E ratio of 17.57, a P/E/G ratio of 2.06 and a beta of 1.22. The stock has a fifty day moving average of $33.51 and a 200-day moving average of $33.96.

CSX (NASDAQ:CSX) last posted its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. On average, equities analysts expect that CSX Co. will post 1.83 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CSX shares. Evercore ISI decreased their price target on shares of CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Benchmark reaffirmed a “buy” rating and set a $38.00 price target on shares of CSX in a research note on Monday. TD Cowen cut their price objective on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a report on Thursday, October 17th. 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. Finally, Barclays cut 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. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $37.58.

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.