Hancock Whitney Corp cut its holdings in CSX Co. (NASDAQ:CSX) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,596 shares of the transportation company’s stock after selling 525 shares during the quarter. Hancock Whitney Corp’s holdings in CSX were worth $2,865,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in CSX. BlackRock Inc. lifted its position in CSX by 2.4% in the 2nd quarter. BlackRock Inc. now owns 48,210,842 shares of the transportation company’s stock valued at $3,730,073,000 after acquiring an additional 1,127,117 shares in the last quarter. Confluence Investment Management LLC bought a new position in CSX in the 3rd quarter valued at approximately $208,000. DNB Asset Management AS lifted its holdings in shares of CSX by 7.2% during the 3rd quarter. DNB Asset Management AS now owns 157,749 shares of the transportation company’s stock valued at $10,927,000 after buying an additional 10,627 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of CSX by 9.8% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 47,895 shares of the transportation company’s stock valued at $3,317,000 after buying an additional 4,271 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of CSX by 23.8% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 47,407 shares of the transportation company’s stock valued at $3,283,000 after buying an additional 9,114 shares during the period. 76.19% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently weighed in on CSX. BidaskClub raised CSX from a “sell” rating to a “hold” rating in a report on Friday, January 17th. Morgan Stanley lowered their price target on CSX from $55.00 to $52.00 and set an “underweight” rating on the stock in a report on Monday, January 6th. Benchmark began coverage on CSX in a report on Tuesday, January 21st. They set a “hold” rating on the stock. Wells Fargo & Co began coverage on CSX in a report on Monday, October 28th. They set a “market perform” rating and a $73.00 price target on the stock. Finally, Argus set a $82.00 price target on CSX and gave the company a “buy” rating in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $78.90.
Shares of CSX stock opened at $79.84 on Friday. CSX Co. has a one year low of $63.97 and a one year high of $80.73. The stock’s fifty day moving average is $75.32 and its 200 day moving average is $70.94. The stock has a market cap of $62.18 billion, a P/E ratio of 19.15, a P/E/G ratio of 1.46 and a beta of 1.17. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.33 and a current ratio of 1.52.
CSX (NASDAQ:CSX) last announced its earnings results on Thursday, January 16th. The transportation company reported $0.99 EPS for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.02. CSX had a return on equity of 27.49% and a net margin of 27.91%. The company had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period last year, the firm earned $1.01 EPS. CSX’s revenue for the quarter was down 8.2% compared to the same quarter last year. Analysts predict that CSX Co. will post 4.2 EPS for the current year.
CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services, as well as transports intermodal containers and trailers. It transports chemicals, automotive, agricultural and food products, minerals, fertilizers, forest products, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.
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