Stock Yards Bank & Trust Co. Decreases Stock Holdings in CSX Co. (NASDAQ:CSX)

Stock Yards Bank & Trust Co. lowered its position in shares of CSX Co. (NASDAQ:CSX) by 20.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,591 shares of the transportation company’s stock after selling 13,987 shares during the period. Stock Yards Bank & Trust Co.’s holdings in CSX were worth $1,794,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. U.S. Capital Wealth Advisors LLC acquired a new stake in CSX during the fourth quarter worth approximately $501,000. DAVENPORT & Co LLC raised its stake in CSX by 4.9% during the 4th quarter. DAVENPORT & Co LLC now owns 172,183 shares of the transportation company’s stock worth $5,556,000 after acquiring an additional 8,098 shares in the last quarter. Tritonpoint Wealth LLC boosted its stake in CSX by 1.9% in the fourth quarter. Tritonpoint Wealth LLC now owns 20,935 shares of the transportation company’s stock valued at $676,000 after acquiring an additional 391 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of CSX by 4.8% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 51,667 shares of the transportation company’s stock worth $1,667,000 after purchasing an additional 2,361 shares during the last quarter. Finally, Costello Asset Management INC increased its position in shares of CSX by 5.9% during the fourth quarter. Costello Asset Management INC now owns 120,669 shares of the transportation company’s stock worth $3,894,000 after purchasing an additional 6,710 shares in the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Analysts Set New Price Targets

CSX has been the subject of a number of research analyst reports. Raymond James reissued an “outperform” rating and issued a $37.00 target price (down from $38.00) on shares of CSX in a research report on Friday, January 24th. TD Cowen lowered their target price on shares of CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. Susquehanna reduced their price target on shares of CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. BMO Capital Markets lowered their price objective on shares of CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. Finally, Evercore ISI reduced their target price on shares of 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 company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $37.16.

CSX Trading Down 1.1 %

Shares of NASDAQ CSX opened at $32.51 on Tuesday. The business has a 50 day simple moving average of $33.33 and a 200 day simple moving average of $33.90. CSX Co. has a 52 week low of $31.43 and a 52 week high of $40.12. The stock has a market cap of $62.69 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 1.90 and a beta of 1.23. 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 (NASDAQ:CSX) last posted its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. On average, research analysts predict that CSX Co. will post 1.88 earnings per share for the current fiscal year.

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.