Hartford Financial Management Inc. Has $8.04 Million Position in CSX Co. (NASDAQ:CSX)

Hartford Financial Management Inc. decreased its holdings in shares of CSX Co. (NASDAQ:CSX) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 249,264 shares of the transportation company’s stock after selling 1,841 shares during the quarter. CSX makes up 1.6% of Hartford Financial Management Inc.’s holdings, making the stock its 11th biggest position. Hartford Financial Management Inc.’s holdings in CSX were worth $8,044,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CSX. Sonora Investment Management Group LLC raised its position in shares of CSX by 20.8% in the fourth quarter. Sonora Investment Management Group LLC now owns 33,419 shares of the transportation company’s stock valued at $1,078,000 after purchasing an additional 5,753 shares during the period. Gilbert & Cook Inc. grew its stake in CSX by 2.2% in the 4th quarter. Gilbert & Cook Inc. now owns 17,871 shares of the transportation company’s stock valued at $577,000 after buying an additional 385 shares during the last quarter. Crews Bank & Trust acquired a new position in CSX in the 4th quarter valued at about $368,000. Capital Investment Advisory Services LLC raised its holdings in CSX by 8.7% in the 4th quarter. Capital Investment Advisory Services LLC now owns 16,497 shares of the transportation company’s stock valued at $532,000 after acquiring an additional 1,316 shares during the period. Finally, OLD National Bancorp IN lifted its position in CSX by 1.2% during the fourth quarter. OLD National Bancorp IN now owns 95,943 shares of the transportation company’s stock worth $3,096,000 after acquiring an additional 1,091 shares during the last quarter. 73.57% of the stock is owned by institutional investors.

CSX Price Performance

CSX stock opened at $32.86 on Friday. The stock has a fifty day moving average of $33.44 and a 200-day moving average of $33.94. The stock has a market capitalization of $63.37 billion, a P/E ratio of 18.36, a price-to-earnings-growth ratio of 1.90 and a beta of 1.22. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. CSX Co. has a 52 week low of $31.43 and a 52 week high of $40.12.

CSX (NASDAQ:CSX) last posted its 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 return on equity of 28.15% and a net margin of 23.95%. On average, sell-side analysts expect that CSX Co. will post 1.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Royal Bank of Canada decreased their target price on CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research report on Friday, January 24th. Robert W. Baird decreased their price objective on CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, January 24th. Susquehanna dropped their target price on CSX from $40.00 to $39.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Jefferies Financial Group upgraded shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Friday, January 10th. Finally, Barclays lowered their price target on shares of CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.58.

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.