Dynamic Advisor Solutions LLC Sells 2,947 Shares of CSX Co. (NASDAQ:CSX)

Dynamic Advisor Solutions LLC trimmed its stake in shares of CSX Co. (NASDAQ:CSX) by 7.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 35,299 shares of the transportation company’s stock after selling 2,947 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in CSX were worth $1,139,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Avior Wealth Management LLC lifted its stake in CSX by 2.5% during the third quarter. Avior Wealth Management LLC now owns 11,790 shares of the transportation company’s stock worth $407,000 after purchasing an additional 293 shares during the last quarter. Lake Street Advisors Group LLC raised its holdings in shares of CSX by 1.8% during the 3rd quarter. Lake Street Advisors Group LLC now owns 17,246 shares of the transportation company’s stock worth $595,000 after buying an additional 306 shares in the last quarter. Rehmann Capital Advisory Group lifted its position in shares of CSX by 1.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company’s stock worth $830,000 after buying an additional 306 shares during the last quarter. J.W. Cole Advisors Inc. boosted its stake in CSX by 0.9% in the third quarter. J.W. Cole Advisors Inc. now owns 35,401 shares of the transportation company’s stock valued at $1,222,000 after buying an additional 309 shares in the last quarter. Finally, Associated Banc Corp grew its position in CSX by 0.6% in the third quarter. Associated Banc Corp now owns 55,534 shares of the transportation company’s stock valued at $1,918,000 after acquiring an additional 310 shares during the last quarter. 73.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on CSX shares. Evercore ISI dropped their target price on shares of CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. JPMorgan Chase & Co. cut their target price on shares of CSX from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Friday. Wells Fargo & Company lowered their price target on shares of CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday. Susquehanna cut their price objective on CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Finally, Raymond James reaffirmed an “outperform” rating and issued a $37.00 target price (down previously from $38.00) on shares of CSX in a report on Friday. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $37.68.

CSX Stock Performance

Shares of CSX opened at $32.69 on Monday. 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’s fifty day simple moving average is $33.53 and its two-hundred day simple moving average is $33.95. CSX Co. has a 12 month low of $31.43 and a 12 month high of $40.12. The stock has a market capitalization of $63.04 billion, a P/E ratio of 17.58, a price-to-earnings-growth ratio of 2.06 and a beta of 1.22.

CSX (NASDAQ:CSX) last announced its earnings results on Thursday, January 23rd. The transportation company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a net margin of 24.77% and a return on equity of 28.92%. As a group, analysts predict that CSX Co. will post 1.83 EPS for the current year.

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.