Mine & Arao Wealth Creation & Management LLC. Sells 636 Shares of CSX Co. (NASDAQ:CSX)

Mine & Arao Wealth Creation & Management LLC. lowered its stake in shares of CSX Co. (NASDAQ:CSX) by 8.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,657 shares of the transportation company’s stock after selling 636 shares during the period. Mine & Arao Wealth Creation & Management LLC.’s holdings in CSX were worth $215,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Valley Wealth Managers Inc. increased its stake in shares of CSX by 177.8% in the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after purchasing an additional 480 shares in the last quarter. Morton Brown Family Wealth LLC bought a new position in CSX in the 3rd quarter worth approximately $31,000. Addison Advisors LLC grew its stake in 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 buying an additional 812 shares in the last quarter. Fortitude Family Office LLC raised its holdings in CSX by 43.4% during the 3rd quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 336 shares during the period. Finally, Synergy Asset Management LLC bought a new stake in CSX during the 4th quarter valued at $41,000. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Price Performance

CSX opened at $32.86 on Friday. The firm has a market cap of $63.37 billion, a PE ratio of 18.36, a P/E/G ratio of 1.90 and a beta of 1.22. The stock has a 50-day moving average price of $33.44 and a 200-day moving average price of $33.94. CSX Co. has a 1 year low of $31.43 and a 1 year high of $40.12. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23.

CSX (NASDAQ:CSX) last issued its earnings results 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%. Sell-side analysts predict that CSX Co. will post 1.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on CSX. Royal Bank of Canada reduced their price target on CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a research report on Friday, January 24th. Jefferies Financial Group upgraded CSX from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Friday, January 10th. Susquehanna decreased their price target on CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. TD Cowen dropped their price objective on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. Finally, Wells Fargo & Company decreased their target price on shares of CSX from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $37.58.

About CSX

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.