CSX Co. (NASDAQ:CSX) Shares Sold by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA trimmed its position in shares of CSX Co. (NASDAQ:CSX) by 13.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 18,012 shares of the transportation company’s stock after selling 2,706 shares during the period. CHICAGO TRUST Co NA’s holdings in CSX were worth $581,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. acquired a new stake in shares of CSX during the second quarter worth approximately $26,000. Valley Wealth Managers Inc. boosted its stake in CSX by 177.8% during the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 480 shares during the last quarter. Morton Brown Family Wealth LLC bought a new position in CSX during the 3rd quarter valued at $31,000. Fairscale Capital LLC bought a new stake in shares of CSX in the 2nd quarter worth about $32,000. Finally, Addison Advisors LLC raised its stake in shares of CSX by 348.5% in the 3rd quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 812 shares in the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Stock Up 0.3 %

Shares of CSX stock opened at $31.89 on Tuesday. CSX Co. has a 1-year low of $31.43 and a 1-year high of $40.12. The company has a market capitalization of $61.50 billion, a P/E ratio of 17.15, a PEG ratio of 2.24 and a beta of 1.22. The business’s fifty day moving average price is $34.06 and its two-hundred day moving average price is $33.99. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.02). The company had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.68 billion. CSX had a return on equity of 28.92% and a net margin of 24.77%. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.42 EPS. As a group, research analysts forecast that CSX Co. will post 1.84 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on CSX shares. Susquehanna decreased their price target on CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Barclays boosted their price target on CSX from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. BMO Capital Markets reduced their price objective on CSX from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Evercore ISI lowered their target price 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. Finally, Loop Capital reduced their price target on shares of CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $38.67.

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.