CSX Co. (NASDAQ:CSX) Shares Sold by Revolve Wealth Partners LLC

Revolve Wealth Partners LLC trimmed its holdings in CSX Co. (NASDAQ:CSX) by 8.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,729 shares of the transportation company’s stock after selling 1,385 shares during the quarter. Revolve Wealth Partners LLC’s holdings in CSX were worth $475,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp increased its holdings in shares of CSX by 0.6% in the third quarter. State Street Corp now owns 82,250,713 shares of the transportation company’s stock valued at $2,840,117,000 after purchasing an additional 455,258 shares during the period. Geode Capital Management LLC increased its stake in CSX by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 40,906,826 shares of the transportation company’s stock valued at $1,407,087,000 after buying an additional 190,346 shares during the period. Fisher Asset Management LLC increased its stake in CSX by 3.6% in the 3rd quarter. Fisher Asset Management LLC now owns 24,656,931 shares of the transportation company’s stock valued at $851,404,000 after buying an additional 857,302 shares during the period. FMR LLC lifted its stake in shares of CSX by 10.2% in the 3rd quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock worth $539,112,000 after acquiring an additional 1,447,651 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of CSX by 6.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,745,972 shares of the transportation company’s stock worth $440,118,000 after acquiring an additional 737,221 shares during the period. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. BMO Capital Markets cut their price target on shares of CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Friday. Citigroup reduced their price target on CSX from $40.00 to $39.00 and set a “buy” rating for the company in a report on Friday. Barclays dropped their price objective on CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday. JPMorgan Chase & Co. reduced their target price on CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Friday. Finally, Royal Bank of Canada decreased their target price on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research report on Friday. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, CSX has a consensus rating of “Moderate Buy” and an average price target of $37.58.

CSX Stock Up 2.9 %

Shares of NASDAQ:CSX opened at $33.64 on Tuesday. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43. The company has a market capitalization of $64.87 billion, a P/E ratio of 18.09, a P/E/G ratio of 2.06 and a beta of 1.22. CSX Co. has a 52-week low of $31.43 and a 52-week high of $40.12. The stock’s fifty day simple moving average is $33.53 and its 200-day simple moving average is $33.96.

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

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.