Braun Bostich & Associates Inc. Sells 555 Shares of CSX Co. (NASDAQ:CSX)

Braun Bostich & Associates Inc. cut its position in CSX Co. (NASDAQ:CSX) by 8.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 6,278 shares of the transportation company’s stock after selling 555 shares during the quarter. Braun Bostich & Associates Inc.’s holdings in CSX were worth $203,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CSX. Valley Wealth Managers Inc. grew its holdings 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 buying an additional 480 shares in the last quarter. Morton Brown Family Wealth LLC purchased a new position in CSX during the third quarter valued at $31,000. Addison Advisors LLC grew its stake in CSX by 348.5% during the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock valued at $36,000 after acquiring an additional 812 shares in the last quarter. Fortitude Family Office LLC increased its holdings in CSX by 43.4% in 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 last quarter. Finally, Jamison Private Wealth Management Inc. lifted its stake in CSX by 33.7% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 1,253 shares of the transportation company’s stock worth $43,000 after purchasing an additional 316 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CSX. Royal Bank of Canada cut their price objective on CSX from $36.00 to $35.00 and set a “sector perform” rating for the company in a research report on Thursday, October 17th. Wells Fargo & Company reduced their price objective on CSX from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 17th. Stifel Nicolaus lowered their target price on CSX from $39.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Barclays reduced their price target on shares of CSX from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, Jefferies Financial Group upgraded shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Friday, January 10th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, CSX has an average rating of “Moderate Buy” and a consensus target price of $38.65.

CSX Stock Up 1.6 %

Shares of CSX opened at $33.27 on Wednesday. The firm has a fifty day moving average price of $33.74 and a 200-day moving average price of $33.95. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $64.16 billion, a P/E ratio of 17.89, a P/E/G ratio of 2.02 and a beta of 1.22. CSX Co. has a 12-month low of $31.43 and a 12-month high of $40.12.

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.