Proquility Private Wealth Partners LLC Decreases Holdings in CSX Co. (NASDAQ:CSX)

Proquility Private Wealth Partners LLC reduced its position in CSX Co. (NASDAQ:CSX) by 11.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 65,156 shares of the transportation company’s stock after selling 8,608 shares during the period. Proquility Private Wealth Partners LLC’s holdings in CSX were worth $2,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of CSX. Bourgeon Capital Management LLC boosted its position in CSX by 1.6% in the fourth quarter. Bourgeon Capital Management LLC now owns 328,024 shares of the transportation company’s stock worth $10,585,000 after purchasing an additional 5,297 shares during the last quarter. Lockerman Financial Group Inc. lifted its stake in shares of CSX by 9.2% in the 4th quarter. Lockerman Financial Group Inc. now owns 8,330 shares of the transportation company’s stock worth $269,000 after purchasing an additional 702 shares during the period. Clear Harbor Asset Management LLC boosted its holdings in shares of CSX by 32.8% in the fourth quarter. Clear Harbor Asset Management LLC now owns 24,349 shares of the transportation company’s stock worth $786,000 after buying an additional 6,019 shares during the last quarter. Perpetual Ltd bought a new stake in CSX during the fourth quarter valued at approximately $83,301,000. Finally, ARS Investment Partners LLC increased its holdings in CSX by 20.4% during the fourth quarter. ARS Investment Partners LLC now owns 7,080 shares of the transportation company’s stock valued at $228,000 after buying an additional 1,200 shares during the last quarter. Institutional investors own 73.57% of the company’s stock.

CSX Price Performance

CSX stock opened at $33.27 on Wednesday. CSX Co. has a 52-week low of $31.43 and a 52-week high of $40.12. 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 firm’s fifty day moving average is $33.74 and its 200 day moving average is $33.95. The company has a market cap of $64.16 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 2.02 and a beta of 1.22.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CSX. BMO Capital Markets dropped their price target on shares of CSX from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Evercore ISI lowered their price objective on CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Stifel Nicolaus reduced their target price on shares of CSX from $39.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Wells Fargo & Company lowered their price target on shares of CSX from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Thursday, October 17th. Finally, Stephens decreased their price objective on shares of CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, CSX currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.65.

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.