CSX Co. (NASDAQ:CSX) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its stake in CSX Co. (NASDAQ:CSX) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 302,512 shares of the transportation company’s stock after selling 9,639 shares during the quarter. Yousif Capital Management LLC’s holdings in CSX were worth $9,762,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of CSX. Perpetual Ltd purchased a new stake in CSX during the fourth quarter worth $83,301,000. Assenagon Asset Management S.A. raised its position in shares of CSX by 318.5% in the third quarter. Assenagon Asset Management S.A. now owns 3,270,966 shares of the transportation company’s stock worth $112,946,000 after acquiring an additional 2,489,329 shares during the period. FMR LLC boosted its stake in shares of CSX by 10.2% during 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 in the last quarter. KBC Group NV grew its position in shares of CSX by 616.4% during the 4th quarter. KBC Group NV now owns 1,114,542 shares of the transportation company’s stock valued at $35,966,000 after acquiring an additional 958,957 shares during the period. Finally, Svenska Handelsbanken AB publ purchased a new position in shares of CSX in the 3rd quarter valued at about $31,018,000. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Trading Up 0.0 %

Shares of CSX stock opened at $32.88 on Thursday. CSX Co. has a twelve month low of $31.43 and a twelve month high of $40.12. The stock has a market cap of $63.41 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 1.90 and a beta of 1.23. The company’s 50-day moving average price is $33.17 and its 200-day moving average price is $33.87. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX) last posted its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. As a group, equities analysts predict that CSX Co. will post 1.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CSX. Stephens reiterated an “overweight” rating and set a $38.00 price target on shares of CSX in a research report on Friday, January 24th. Citigroup dropped their price target on shares of CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Royal Bank of Canada reduced their price objective on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a research report on Friday, January 24th. TD Cowen dropped 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. Finally, Jefferies Financial Group upgraded shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Friday, January 10th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $37.16.

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.